From Nasdaq: 2024-04-04 18:15:21

Enovix Corporation (ENVX) closed trading at $7.73, up 1.58% from the previous session, outperforming the S&P 500 and the Dow. Despite a 18.7% loss last month, ENVX is expected to report -$0.28 EPS and $4.23 million revenue, signaling a 21040% increase in revenue from last year.

Analysts anticipate a -$0.90 EPS and $22.38 million revenue for the year, reflecting a shift of +192.71% in revenue. Upward revisions in estimates often suggest analyst confidence in a company’s profit potential. With a Zacks Rank #3 (Hold), investors should track estimate changes for potential stock price impact.

The Alternative Energy – Other industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 59 in the top 24% of all industries. Industries in the top 50% typically outperform the bottom half. Follow stock-moving metrics on Zacks.com for industry insights and trends.

Zacks Investment Research released an urgent special report, “Oil Market on Fire,” identifying 4 oil and gas stocks with potential for gains in the current market. With global demand for oil rising and oil prices fluctuating, these stocks could offer significant profits. Download the report for stock recommendations.



Read more at Nasdaq: Enovix Corporation (ENVX) Ascends While Market Falls: Some Facts to Note