Enovix Corp Stock Buy Hold or Sell Recommendation
| ENVX Stock | USD 9.10 0.09 1.00% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Enovix Corp is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Enovix Corp given historical horizon and risk tolerance towards Enovix Corp. When Macroaxis issues a 'buy' or 'sell' recommendation for Enovix Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Enovix Corp Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Enovix Stock please use our How to Invest in Enovix Corp guide. In addition, we conduct extensive research on individual companies such as Enovix and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Enovix Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Enovix |
Execute Enovix Corp Buy or Sell Advice
The Enovix recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Enovix Corp. Macroaxis does not own or have any residual interests in Enovix Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Enovix Corp's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Enovix Corp Trading Alerts and Improvement Suggestions
| Enovix Corp generated a negative expected return over the last 90 days | |
| Enovix Corp has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 263 K. Net Loss for the year was (154.09 M) with loss before overhead, payroll, taxes, and interest of (17.04 M). | |
| Enovix Corp currently holds about 384.73 M in cash with (77.41 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.45. | |
| Enovix Corp has a poor financial position based on the latest SEC disclosures | |
| Roughly 14.0% of the company shares are held by company insiders | |
| Latest headline from insidermonkey.com: Enovix Corporation This Small-Cap Stock Is Ready To Explode |
Enovix Corp Returns Distribution Density
The distribution of Enovix Corp's historical returns is an attempt to chart the uncertainty of Enovix Corp's future price movements. The chart of the probability distribution of Enovix Corp daily returns describes the distribution of returns around its average expected value. We use Enovix Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Enovix Corp returns is essential to provide solid investment advice for Enovix Corp.
| Mean Return | -0.01 | Value At Risk | -8.14 | Potential Upside | 9.59 | Standard Deviation | 5.79 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Enovix Corp historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Enovix Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument, such as Enovix Corp, soars without any apparent reason? This usually happens because many institutional investors are aggressively trading Enovix Corp back and forth among themselves.
| Shares | Goldman Sachs Group Inc | 2024-06-30 | 1.4 M | Northern Trust Corp | 2024-09-30 | 1.3 M | Bank Of America Corp | 2024-06-30 | 1.2 M | Charles Schwab Investment Management Inc | 2024-09-30 | 1.2 M | Jpmorgan Chase & Co | 2024-06-30 | 1 M | Masters Capital Management Llc | 2024-06-30 | 1000 K | Old West Investment Management, Llc | 2024-09-30 | 937.8 K | Stifel Financial Corp | 2024-06-30 | 895.1 K | Park West Asset Management Llc | 2024-09-30 | 875 K | Vanguard Group Inc | 2024-09-30 | 13.7 M | Blackrock Inc | 2024-06-30 | 10.5 M |
Enovix Corp Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Enovix Corp or Electrical Equipment sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Enovix Corp's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Enovix stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.28 | |
β | Beta against Dow Jones | 3.07 | |
σ | Overall volatility | 5.88 | |
Ir | Information ratio | -0.02 |
Enovix Corp Volatility Alert
Enovix Corp exhibits very low volatility with skewness of 0.56 and kurtosis of 1.33. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Enovix Corp's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Enovix Corp's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Enovix Corp Fundamentals Vs Peers
Comparing Enovix Corp's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Enovix Corp's direct or indirect competition across all of the common fundamentals between Enovix Corp and the related equities. This way, we can detect undervalued stocks with similar characteristics as Enovix Corp or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Enovix Corp's fundamental indicators could also be used in its relative valuation, which is a method of valuing Enovix Corp by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Enovix Corp to competition |
| Fundamentals | Enovix Corp | Peer Average |
| Return On Equity | -1.16 | -0.31 |
| Return On Asset | -0.26 | -0.14 |
| Operating Margin | (10.56) % | (5.51) % |
| Current Valuation | 1.69 B | 16.62 B |
| Shares Outstanding | 188.39 M | 571.82 M |
| Shares Owned By Insiders | 14.13 % | 10.09 % |
| Shares Owned By Institutions | 47.08 % | 39.21 % |
| Number Of Shares Shorted | 48.48 M | 4.71 M |
| Price To Earning | 25.20 X | 28.72 X |
| Price To Book | 10.13 X | 9.51 X |
| Price To Sales | 81.85 X | 11.42 X |
| Revenue | 263 K | 9.43 B |
| Gross Profit | (17.04 M) | 27.38 B |
| EBITDA | (165.48 M) | 3.9 B |
| Net Income | (154.09 M) | 570.98 M |
| Cash And Equivalents | 384.73 M | 2.7 B |
| Cash Per Share | 2.45 X | 5.01 X |
| Total Debt | 190.61 M | 5.32 B |
| Debt To Equity | 0.02 % | 48.70 % |
| Current Ratio | 22.79 X | 2.16 X |
| Book Value Per Share | 0.94 X | 1.93 K |
| Cash Flow From Operations | (77.41 M) | 971.22 M |
| Short Ratio | 6.72 X | 4.00 X |
| Earnings Per Share | (1.45) X | 3.12 X |
| Target Price | 27.25 | |
| Number Of Employees | 560 | 18.84 K |
| Beta | 1.98 | -0.15 |
| Market Capitalization | 1.7 B | 19.03 B |
| Total Asset | 564.3 M | 29.47 B |
| Retained Earnings | (598.85 M) | 9.33 B |
| Working Capital | 262.16 M | 1.48 B |
| Net Asset | 564.3 M |
Note: Disposition of 17584 shares by Raj Talluri of Enovix Corp at 8.56 subject to Rule 16b-3 [view details]
Enovix Corp Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Enovix . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Enovix Corp Buy or Sell Advice
When is the right time to buy or sell Enovix Corp? Buying financial instruments such as Enovix Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Additional Tools for Enovix Stock Analysis
When running Enovix Corp's price analysis, check to measure Enovix Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enovix Corp is operating at the current time. Most of Enovix Corp's value examination focuses on studying past and present price action to predict the probability of Enovix Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enovix Corp's price. Additionally, you may evaluate how the addition of Enovix Corp to your portfolios can decrease your overall portfolio volatility.