Beirne Wealth Consulting Services LLC Acquires 11,000 Shares of Enovix Co. (NASDAQ:ENVX)

Beirne Wealth Consulting Services LLC increased its holdings in shares of Enovix Co. (NASDAQ:ENVX) by 23.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,000 shares of the company’s stock after acquiring an additional 11,000 shares during the period. Beirne Wealth Consulting Services LLC’s holdings in Enovix were worth $620,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ENVX. Private Advisor Group LLC boosted its position in shares of Enovix by 23.6% in the 3rd quarter. Private Advisor Group LLC now owns 99,900 shares of the company’s stock worth $933,000 after purchasing an additional 19,056 shares in the last quarter. Legacy Capital Group California Inc. boosted its holdings in Enovix by 47.3% in the third quarter. Legacy Capital Group California Inc. now owns 28,022 shares of the company’s stock worth $262,000 after acquiring an additional 8,998 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Enovix by 34.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 20,077 shares of the company’s stock valued at $188,000 after acquiring an additional 5,162 shares in the last quarter. Voisard Asset Management Group Inc. increased its holdings in shares of Enovix by 40.0% during the third quarter. Voisard Asset Management Group Inc. now owns 7,000 shares of the company’s stock valued at $65,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC raised its position in shares of Enovix by 1.9% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 189,115 shares of the company’s stock worth $1,766,000 after purchasing an additional 3,525 shares during the last quarter. Hedge funds and other institutional investors own 50.92% of the company’s stock.

Enovix Stock Performance

Shares of ENVX opened at $11.16 on Wednesday. Enovix Co. has a one year low of $5.70 and a one year high of $18.68. The business has a fifty day moving average of $11.03 and a 200 day moving average of $10.29. The company has a quick ratio of 3.61, a current ratio of 3.77 and a debt-to-equity ratio of 0.99.

Insider Buying and Selling at Enovix

In other news, Director Betsy S. Atkins sold 75,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $9.73, for a total transaction of $729,750.00. Following the completion of the sale, the director now owns 99,497 shares of the company’s stock, valued at $968,105.81. The trade was a 42.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 15.70% of the company’s stock.

Analyst Upgrades and Downgrades

ENVX has been the subject of a number of analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $30.00 price objective on shares of Enovix in a research note on Wednesday, October 30th. Janney Montgomery Scott downgraded shares of Enovix from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a research report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Enovix in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. cut their target price on Enovix from $18.00 to $15.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $20.50.

About Enovix

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.