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Enovix (ENVX)
NASDAQ:ENVX
Holding ENVX?
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ENVX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.70 - $18.68
Previous Close$8.49
Volume6.00M
Average Volume (3M)6.26M
Market Cap
$1.50B
Enterprise Value$1.44B
Total Cash (Recent Filing)$249.93M
Total Debt (Recent Filing)$193.68M
Price to Earnings (P/E)―
Beta3.08
Next Earnings
Nov 05, 2024EPS Estimate
-$0.21Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.62
Shares Outstanding176,284,698
10 Day Avg. Volume6,434,530
30 Day Avg. Volume6,258,581
Standard Deviation0.32
R-Squared0.11
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)6.63
Price to Sales (P/S)98.11
Price to Cash Flow (P/CF)-15.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue86.83
Enterprise Value/Gross Profit-26.04
Enterprise Value/Ebitda-11.00
Forecast
1Y Price Target
$29.45Price Target Upside248.93% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
Enovix News
PremiumPress Releases
Enovix to Participate in Upcoming Investor Event
Bulls Say, Bears Say
Bulls Say
Innovative TechnologyThe radical energy density improvements needed to enable AI on smartphones are likely to come in part thanks to batteries from Enovix.
Strategic PartnershipsAdditional MOUs (one with a Fortune 200 company for a fast-growing IoT device, the other a second EV agreement) were signed highlighting interest with more details to come when appropriate.
Technological AdvancementsEnovix has begun working on EM-3M batteries — which offer energy, density, and faster charge advantages over EX-2M.
Bears Say
ManufacturingThe goal is for multiple lines to be installed by '26, but this will ultimately depend on quantity of customers, speed/magnitude of each customer's product ramp, and the type of product the batteries are placed in (low volume vs high volume products).
Production DelayThere has been a delay in FAT Zone 3 due to rigorous testing to ensure manufacturing capacity, which took longer than expected.
RevenueRevenue is expected to be heavily back-half weighted and still in small quantities, with more meaningful revenue to come in 2026 should all go well.
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Ownership Overview
34.24% Insiders
12.07% Mutual Funds
22.69% Other Institutional Investors
30.99% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ENVX FAQ
What was Enovix’s price range in the past 12 months?
Enovix lowest stock price was $5.70 and its highest was $18.68 in the past 12 months.
What is Enovix’s market cap?
Currently, no data Available
When is Enovix’s upcoming earnings report date?
Enovix’s upcoming earnings report date is Nov 05, 2024 which is in 46 days.
How were Enovix’s earnings last quarter?
Enovix released its earnings results on Jul 31, 2024. The company reported -$0.14 earnings per share for the quarter, beating the consensus estimate of -$0.233 by $0.093.
Is Enovix overvalued?
According to Wall Street analysts Enovix’s price is currently Undervalued.
Does Enovix pay dividends?
Enovix does not currently pay dividends.
What is Enovix’s EPS estimate?
Enovix’s EPS estimate is -$0.21.
How many shares outstanding does Enovix have?
Enovix has 176,284,700 shares outstanding.
What happened to Enovix’s price movement after its last earnings report?
Enovix reported an EPS of -$0.14 in its last earnings report, beating expectations of -$0.233. Following the earnings report the stock price went down -19.153%.
Which hedge fund is a major shareholder of Enovix?
Among the largest hedge funds holding Enovix’s share is Driehaus Capital Management LLC. It holds Enovix’s shares valued at 60M.
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Enovix Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$29.45 (248.93% Upside)
$29.45 (248.93% Upside)
Blogger Sentiment
Bullish
ENVX Sentiment 93%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 1.6M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $91.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.5%
Last 30 Days ▲ 0.2%
Last 30 Days ▲ 0.2%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-36.49%
12-Months-Change
Fundamentals
Return on Equity
-114.18%
Trailing 12-Months
Asset Growth
-9.27%
Trailing 12-Months
Company Description
Enovix
Enovix Corporation is engaged in the design, development, production, and marketing of next-generation lithium-ion battery cells tailored for consumer electronics, IoT devices, and electric vehicles.
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ENVX Company Deck
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ENVX Earnings Call
Q2 2024
0:00 / 0:00
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ENVX Stock 12 Month Forecast
Average Price Target
$29.45
▲(248.93% Upside)
Technical Analysis
Best Analysts Covering ENVX
1 Year
1 Year Success Rate
4/13 ratings generated profit
1 Year Average Return
-13.83%
reiterated a buy rating 2 months ago
Copying Derek Soderberg's trades and holding each position for 1 Year would result in 30.77% of your transactions generating a profit, with an average return of -13.83% per trade.
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