A Technical View of the Enphys Acquisition Corp (NFYS)

Enphys Acquisition Corp (NYSE:NFYS) remained unchanged to close Friday at $10.50 after subtracting $0.0 on the day. The 5-day average trading volume is 2,134,240 shares of the company’s common stock. It has gained $10.54 in the past week and touched a new high 1 time within the past 5 days. An average of 560,375 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 293,208.

NFYS’s 1-month performance is 0.57% or $0.04 on its low of $10.44 reached on 08/23/23. The company’s shares have touched a 52-week low of $9.67 and high of $10.60, with the stock’s rally to the 52-week high happening on 03/02/23. YTD, NFYS has achieved 4.69% or $0.47 and has reached a new high 3 times. However, the current price is down -0.90% from the 52-week high price.

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Valuation Metrics

NFYS stock has a beta of -0.01. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 1.31.

Enphys Acquisition Corp’s quick ratio for the recent period was 0.47, with the current ratio over the same period at 0.47.

Earnings Surprise

Net income grew 48.7% to $5.79 million, while revenue of $2.8 million was 51.64% off the previous quarter. Shareholders hold equity totaling $43.12 million.

Let’s look briefly at Enphys Acquisition Corp (NFYS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 63.68% to suggest the stock is trending Neutral, with historical volatility in this time period at 0.83%.

The stock’s 5-day moving average is $10.50, reflecting a +0.19% or $0.02 change from its current price. NFYS is currently trading +0.48% above its 20-day SMA, +2.84% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.06% and SMA200 by+7.80%.

Stochastic %K and %D was 53.70% and 54.94% and the average true range (ATR) pointed at 0.02. The RSI (14) points at 62.04%, while the 14-day stochastic is at 50.00% with the period’s ATR at 0.02. The stock’s 9-day MACD Oscillator is pointing at 0.01 and 0.02 on the 14-day charts.

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