Enovix Corporation (ENVX)
NASDAQ:ENVX
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ENVX Stock Chart & Stats
$6.62
-$1.46(-10.19%)
At close: 4:00 PM EST
$6.62
-$1.46(-10.19%)
Day’s Range― - ―
52-Week Range$4.62 - $16.49
Previous CloseN/A
Volume5.60M
Average Volume (3M)7.19M
Market Cap
$1.74B
Enterprise Value-$66.67B
Total Cash (Recent Filing)$528.74M
Total Debt (Recent Filing)$540.50M
Price to Earnings (P/E)―
Beta2.34
Next Earnings
Aug 12, 2026EPS Estimate
-0.15Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.82
Shares Outstanding218,153,440
10 Day Avg. Volume8,461,269
30 Day Avg. Volume7,191,641
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)5.83
Price to Sales (P/S)49.72
P/FCF Ratio-13.94
Enterprise Value/Market Cap-38.30
Enterprise Value/Revenue-1.94K
Enterprise Value/Gross Profit3.99K
Enterprise Value/Ebitda467.67
Forecast
1Y Price Target
$12.86Price Target Upside94.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)-0.59
Revenue Forecast (FY)$40.43M
Bulls Say, Bears Say
Bulls Say
Strong LiquidityA roughly $583M cash and marketable securities balance provides multi-quarter runway to fund commercialization, qualification testing, and targeted CapEx. This liquidity reduces near-term financing risk and supports execution of manufacturing scale-up and customer qualification over the next 2–6 months.
Commercial Production & Design WinsStarting commercial production and initial shipments to a lead customer represent a structural transition from R&D to revenue-generating operations. Early design wins and field units accelerate qualification, create reference designs, and materially improve prospects for multi-year supply arrangements.
Manufacturing Yield ImprovementsZone-level yields approaching 90% and demonstrated improvement pathways (hybrid laser + mechanical dicing) indicate the company is closing the cost and throughput gap. Sustained yield gains are critical to unit-cost reduction, margin sustainability, and the ability to scale production reliably over months.
Bears Say
Ongoing Operating LossesMaterial and persistent operating losses imply the business is not yet self-sustaining and require either rapid margin expansion or continued external funding. Without converting gross-profit momentum into operating profitability, negative returns could persist and impair long-term value creation.
Negative Free Cash FlowConsistent negative operating and free cash flow mean the company burns cash as it scales. Even with a strong balance today, sustained FCF deficits raise the likelihood of additional financing, which can dilute shareholders or constrain investment timing if revenue ramps slip versus plan.
Dicing Throughput BottleneckA persistent Zone 1 throughput constraint limits output, delays customer qualification ramps, and keeps unit costs elevated until the mechanical dicing fix is fully implemented. This structural manufacturing bottleneck poses a tangible risk to scaling volumes and margin improvement timelines.
Enovix News
ENVX FAQ
What was Enovix Corporation’s price range in the past 12 months?
Enovix Corporation lowest stock price was $4.62 and its highest was $16.49 in the past 12 months.
What is Enovix Corporation’s market cap?
Enovix Corporation’s market cap is $1.74B.
When is Enovix Corporation’s upcoming earnings report date?
Enovix Corporation’s upcoming earnings report date is Aug 12, 2026 which is in 70 days.
How were Enovix Corporation’s earnings last quarter?
Enovix Corporation released its earnings results on May 13, 2026. The company reported -$0.14 earnings per share for the quarter, beating the consensus estimate of -$0.155 by $0.015.
Is Enovix Corporation overvalued?
According to Wall Street analysts Enovix Corporation’s price is currently Undervalued.
Does Enovix Corporation pay dividends?
Enovix Corporation does not currently pay dividends.
What is Enovix Corporation’s EPS estimate?
Enovix Corporation’s EPS estimate is -0.15.
How many shares outstanding does Enovix Corporation have?
Enovix Corporation has 218,153,440 shares outstanding.
What happened to Enovix Corporation’s price movement after its last earnings report?
Enovix Corporation reported an EPS of -$0.14 in its last earnings report, beating expectations of -$0.155. Following the earnings report the stock price went down -13.58%.
Which hedge fund is a major shareholder of Enovix Corporation?
Currently, no hedge funds are holding shares in ENVX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Enovix Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$12.86 (94.22% Upside)
$12.86 (94.22% Upside)
Blogger Sentiment
Neutral
ENVX Sentiment 50%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 10.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 1.2%
Last 30 Days ▲ 0.7%
Last 30 Days ▲ 0.7%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
12.59%
12-Months-Change
Fundamentals
Return on Equity
-0.28%
Trailing 12-Months
Asset Growth
67.10%
Trailing 12-Months
Company Description
Enovix Corporation
Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.
ENVX Company Deck
ENVX Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call highlights meaningful commercialization and technical milestones (commercial production of A1, AI2 samples with >20% energy density gains, MX1 drone cell, alignment with smartphone OEMs on qualification framework), strong YoY revenue growth (+49%), improving manufacturing yields and a robust cash position (~$582.7M). Key challenges remain: operating losses and negative EBITDA, Q1 free cash outflow, a current zone dicing throughput bottleneck (yield ~80%) pending mechanical dicer implementation, and potentially longer smartphone qualification timelines due to slower but more realistic 0.1–0.2C testing. Overall, the progress on product readiness, customer engagement and manufacturing improvements, together with a solid liquidity position, outweighs the near-term financial and operational headwinds, supporting a constructive outlook.View all ENVX earnings summariesENVX Stock 12 Month Forecast
Average Price Target
$12.86
▲(94.22% Upside)
Technical Analysis
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Ownership Overview
12.84% Insiders
11.44% Mutual Funds
10.81% Other Institutional Investors
51.42% Public Companies and Individual Investors