Enovix Corporation (NASDAQ: ENVX) Recovers 63.16% From 52-Week Low, Is ENVX Still A High-Risk, High-Reward Play?

Enovix Corporation (NASDAQ:ENVX) currently has a daily average trading volume of 6.10M but it saw 4870599 shares traded in last market. With a market cap of 1.75B USD, the company’s current market price of $9.30 came falling about -7.65 while comparing to the previous closing price of $10.07. 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 $9.29 while lowest mark touched by it was $10.37.

Taking a look at 20-day trading activity of Enovix Corporation (ENVX) gives us an average price of $9.27, while its current price level is -50.21% below from 52-week high level whereas it is 63.16% 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 $10.13 while that of 200 days or SMA-200 reads an average of $10.34. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.20% during that period while stretching the period over a month that decreases to 7.29%. 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 47.23 which implies that the stock is in neutral territory.

Over the week, ENVX’s stock price is moving 0.76% up while it is 1.75% when we observe its performance for the past one month. Year-to-date it is -25.72% down and over the past year, the stock is showing a downside performance of -19.97%.

Currently, Enovix Corporation’s total number of outstanding shares is 177.59M. Company’s return on investment (ROI) stands at -69.79% and return on equity (ROE) at -116.53%. Stock’s beta reads 1.93. Stock has a price to book (P/B) ratio of 9.85 while price to sale or P/S ratio amounts to 84.48. Its return on asset (ROA) is -50.57% on average.