Sava Infond d.o.o. Purchases Shares of 4,000 Enovix Co. (NASDAQ:ENVX)

Sava Infond d.o.o. acquired a new stake in shares of Enovix Co. (NASDAQ:ENVX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,000 shares of the company’s stock, valued at approximately $43,000.

A number of other institutional investors have also recently made changes to their positions in ENVX. Old West Investment Management LLC boosted its stake in Enovix by 12.3% during the third quarter. Old West Investment Management LLC now owns 937,838 shares of the company’s stock valued at $8,759,000 after buying an additional 102,452 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Enovix by 93.9% during the 3rd quarter. Natixis Advisors LLC now owns 31,028 shares of the company’s stock valued at $290,000 after acquiring an additional 15,030 shares during the last quarter. Quest Partners LLC grew its holdings in shares of Enovix by 318.5% in the third quarter. Quest Partners LLC now owns 8,270 shares of the company’s stock valued at $77,000 after purchasing an additional 6,294 shares in the last quarter. Intech Investment Management LLC bought a new position in Enovix during the third quarter valued at $394,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Enovix by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,229,052 shares of the company’s stock worth $11,479,000 after buying an additional 73,320 shares in the last quarter. Hedge funds and other institutional investors own 50.92% of the company’s stock.

Enovix Trading Down 1.6 %

Shares of NASDAQ ENVX opened at $8.01 on Friday. The business’s 50 day moving average price is $9.98 and its 200-day moving average price is $10.03. Enovix Co. has a fifty-two week low of $5.70 and a fifty-two week high of $18.68. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.61 and a current ratio of 3.77. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -5.52 and a beta of 1.93.

Enovix (NASDAQ:ENVX) last released its earnings results on Wednesday, February 19th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.01. The business had revenue of $9.72 million for the quarter, compared to analyst estimates of $8.77 million. Enovix had a negative return on equity of 96.99% and a negative net margin of 963.17%. On average, sell-side analysts expect that Enovix Co. will post -1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

ENVX has been the subject of a number of analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $30.00 price target on shares of Enovix in a report on Thursday, February 20th. Craig Hallum lowered their price objective on Enovix from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Enovix presently has an average rating of “Moderate Buy” and an average target price of $20.30.

Insider Buying and Selling at Enovix

In other Enovix news, CEO Rajendra K. Talluri sold 300,000 shares of Enovix stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $9.35, for a total transaction of $2,805,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,045,301 shares of the company’s stock, valued at $19,123,564.35. The trade was a 12.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.70% of the stock is owned by corporate insiders.

Enovix Profile

Enovix Corporation designs develops and manufactures silicon-anode 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.