Beacon Capital Management LLC increased its stake in Enovix Co. (NASDAQ:ENVX – Free Report) by 71.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,298 shares of the company’s stock after purchasing an additional 1,798 shares during the period. Beacon Capital Management LLC’s holdings in Enovix were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ENVX. Vanguard Group Inc. lifted its position in Enovix by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 13,093,710 shares of the company’s stock worth $104,881,000 after buying an additional 164,717 shares in the last quarter. Electron Capital Partners LLC raised its holdings in Enovix by 20.0% in the 4th quarter. Electron Capital Partners LLC now owns 3,239,296 shares of the company’s stock valued at $40,556,000 after acquiring an additional 540,399 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Enovix by 2,228.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,438,011 shares of the company’s stock valued at $11,518,000 after acquiring an additional 1,376,253 shares during the period. Masters Capital Management LLC raised its holdings in Enovix by 3.8% in the 1st quarter. Masters Capital Management LLC now owns 1,350,000 shares of the company’s stock valued at $10,814,000 after acquiring an additional 50,000 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Enovix by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,089,959 shares of the company’s stock valued at $13,646,000 after acquiring an additional 55,157 shares during the period. 50.92% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Enovix
In other news, Director Gregory Reichow sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $12.14, for a total value of $91,050.00. Following the transaction, the director now directly owns 8,129 shares in the company, valued at approximately $98,686.06. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 17.30% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on ENVX
Enovix Trading Up 1.5 %
Shares of Enovix stock traded up $0.17 during mid-day trading on Friday, hitting $11.82. The stock had a trading volume of 5,334,488 shares, compared to its average volume of 5,426,744. The firm has a 50-day moving average of $13.88 and a two-hundred day moving average of $10.65. Enovix Co. has a 12-month low of $5.70 and a 12-month high of $19.37. The company has a quick ratio of 4.77, a current ratio of 4.89 and a debt-to-equity ratio of 0.72. The firm has a market cap of $2.01 billion, a P/E ratio of -8.37 and a beta of 2.04.
Enovix (NASDAQ:ENVX – Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.05). Enovix had a negative net margin of 1,434.34% and a negative return on equity of 84.28%. The firm had revenue of $5.27 million during the quarter, compared to analysts’ expectations of $4.16 million. Sell-side analysts forecast that Enovix Co. will post -1.14 earnings per share for the current year.
Enovix Profile
Enovix Corporation designs, develops, and manufactures lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.
See Also
- Five stocks we like better than Enovix
- What is the Australian Securities Exchange (ASX)
- Should You Invest in Bitcoin? Pros and Cons
- What is the S&P/TSX Index?
- Amazon Stock is Primed to Rebound Strongly After AI Bubble Bursts
- Election Stocks: How Elections Affect the Stock Market
- Shell Stock: Oil & Gas Giant Committed to Buybacks and Dividends
Want to see what other hedge funds are holding ENVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enovix Co. (NASDAQ:ENVX – Free Report).
Receive News & Ratings for Enovix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enovix and related companies with MarketBeat.com's FREE daily email newsletter.