Enovix Corporation (NASDAQ: ENVX): Retirees Don’t Worry About Volatility

Enovix Corporation (NASDAQ:ENVX) currently has a daily average trading volume of 5.93M but it saw 3988775 shares traded in last market. With a market cap of 1.70B USD, the company’s current market price of $9.01 came rising about 0.90 while comparing to the previous closing price of $8.93. In past 52 weeks, the stock remained buoying in the range of price level as high as $18.68 and as low as $5.70. In the recent trading on the day, stock has struck highest price mark of $8.765 while lowest mark touched by it was $9.245.

Taking a look at 20-day trading activity of Enovix Corporation (ENVX) gives us an average price of $9.43, while its current price level is -51.77% below from 52-week high level whereas it is 58.07% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $10.02 while that of 200 days or SMA-200 reads an average of $10.43. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.89% during that period while stretching the period over a month that increases to 8.49%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 44.75 which implies that the stock is in neutral territory.

Over the week, ENVX’s stock price is moving 2.97% up while it is -20.05% when we observe its performance for the past one month. Year-to-date it is -28.04% down and over the past year, the stock is showing a downside performance of -22.46%.

Currently, Enovix Corporation’s total number of outstanding shares is 167.39M. Company’s return on investment (ROI) stands at -69.79% and return on equity (ROE) at -116.53%. Stock’s beta reads 1.95. Stock has a price to book (P/B) ratio of 9.55 while price to sale or P/S ratio amounts to 81.84. Its return on asset (ROA) is -50.57% on average.