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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$4.55 - $16.49
Previous CloseN/A
Volume5.60M
Average Volume (3M)5.42M
Market Cap
$1.03B
Enterprise Value$1.11K
Total Cash (Recent Filing)$528.74M
Total Debt (Recent Filing)$540.50M
Price to Earnings (P/E)―
Beta2.36
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. Volume5,389,899
30 Day Avg. Volume5,418,770
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<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$12.86Price Target Upside94.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)-0.56
Revenue Forecast (FY)$40.46M
Bulls Say, Bears Say
Bulls Say
Strong Liquidity RunwayA cash balance near $583M provides multi-quarter runway to fund commercialization, qualification tests, and capacity expansion without immediate reliance on dilutive financing. This liquidity materially reduces near-term funding risk and gives management flexibility to execute strategic investments and complete customer qualifications.
Improving Gross MarginsConsecutive quarters of positive gross profit and a 26.3% non‑GAAP margin indicate manufacturing learning-curve progress and improving unit economics. Sustained margin improvement underpins scalable profitability as volumes ramp and suggests cost structure and yield gains that persist beyond short-term fluctuations.
Commercial Production & Customer TractionShifting from pilot to commercial production and delivering initial shipments establishes a customer reference, validates supply chain execution, and accelerates the path to recurring revenue. This structural progress increases probability of program conversions and long-term revenue scaling across eyewear, drones and smartphones.
Bears Say
Large Operating LossesMaterial and persistent operating losses mean the business remains far from break-even even as revenue grows. High ongoing opex relative to revenue implies prolonged dependence on cash reserves or external capital and raises execution risk until scale materially reduces fixed cost absorption.
Sustained Free Cash Flow BurnNegative free cash flow driven by inventory builds, capex and financing costs creates a structural cash-consumption profile. Continued burn forces management to either slow investment, tap reserves, or raise capital—each scenario can delay scaling or dilute stakeholders and affect long-term strategic optionality.
Manufacturing Throughput BottleneckA persistent 80% yield at a critical dicing step constrains output, raises per-unit cost, and risks delays to customer qualification and volume ramps. Until mechanical dicing is fully implemented and proven, production scale, cost competitiveness, and timely smartphone ramps remain structurally limited.
Enovix News
ENVX FAQ
What was Enovix Corporation’s price range in the past 12 months?
Enovix Corporation lowest stock price was $4.55 and its highest was $16.49 in the past 12 months.
What is Enovix Corporation’s market cap?
Enovix Corporation’s market cap is $1.03B.
When is Enovix Corporation’s upcoming earnings report date?
Enovix Corporation’s upcoming earnings report date is Aug 12, 2026 which is in 25 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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10
Analyst Consensus
Moderate Buy
Average Price Target:
$12.86 (94.22% Upside)
$12.86 (94.22% Upside)
Blogger Sentiment
Bullish
ENVX Sentiment 70%
Sector Average 61%
Sector Average 61%
Hedge Fund Trend
Decreased
By 10.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.4%
Last 30 Days ▲ 0.8%
Last 30 Days ▲ 0.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-68.87%
12-Months-Change
Fundamentals
Return on Equity
-67.92%
Trailing 12-Months
Asset Growth
67.10%
Trailing 12-Months
Company Description
Enovix Corporation
Founded in 2007 and based in Fremont, California, Enovix Corporation specializes in the innovation, development, and production of lithium-ion battery technology.
ENVX Stock 12 Month Forecast
Average Price Target
$12.86
▲(94.22% Upside)
Technical Analysis
Plug Power
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Ownership Overview
12.89% Insiders
11.36% Mutual Funds
0.12% Other Institutional Investors
62.05% Public Companies and Individual Investors