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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$8.65
Volume6.12M
Average Volume (3M)5.98M
Market Cap
$1.63B
Enterprise Value$1.63B
Total Cash (Recent Filing)$200.91M
Total Debt (Recent Filing)$194.69M
Price to Earnings (P/E)―
Beta3.04
Next Earnings
Feb 19, 2025EPS Estimate
-$0.19Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.62
Shares Outstanding177,977,204
10 Day Avg. Volume5,395,250
30 Day Avg. Volume5,981,089
Standard Deviation0.31
R-Squared0.10
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)9.20
Price to Sales (P/S)72.26
Price to Cash Flow (P/CF)-13.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue78.41
Enterprise Value/Gross Profit-29.34
Enterprise Value/Ebitda-11.34
Forecast
1Y Price Target
$22.00Price Target Upside170.94% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Enovix News
PremiumCompany Announcements
Enovix Seeks New CFO Amid Leadership ChangesBulls Say, Bears Say
Bulls Say
Financial PerformanceEnovix reported results that exceeded both analyst and consensus estimates and were in line with management's guidance.
Partnership And AgreementsEnovix announced its first agreement to ship customized cells to a smartphone customer for specific models launching, marking a significant milestone.
Technological InnovationEnovix is bringing innovative, industry-altering technology to the battery ecosystem, which could be necessary due to the emergence of AI.
Bears Say
Capital ExpenditureTerms of the YBS agreement were revised, making Enovix fully responsible for $100MM in capital expenditure related to Line 1, instead of the earlier $30MM.
Financial UncertaintyThe company's announcement of a $100 million equity offering shortly after addressing liquidity concerns has raised issues with the timing and messaging.
Revenue ExpectationsNear-term revenue estimates are significantly below market expectations, indicating caution around demand and commercialization.
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Ownership Overview
13.98% Insiders
10.56% Mutual Funds
15.28% Other Institutional Investors
47.84% 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 Feb 19, 2025 which is in 62 days.
How were Enovix’s earnings last quarter?
Enovix released its earnings results on Oct 29, 2024. The company reported -$0.17 earnings per share for the quarter, beating the consensus estimate of -$0.212 by $0.042.
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 -$0.19.
How many shares outstanding does Enovix have?
Enovix has 188,393,880 shares outstanding.
What happened to Enovix’s price movement after its last earnings report?
Enovix reported an EPS of -$0.17 in its last earnings report, beating expectations of -$0.212. Following the earnings report the stock price went down -1.411%.
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 41M.
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Enovix Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$22.00 (170.94% Upside)
$22.00 (170.94% Upside)
Blogger Sentiment
Bullish
ENVX Sentiment 92%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 241.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.5%
Last 30 Days ▼ 5.1%
Last 30 Days ▼ 5.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-40.59%
12-Months-Change
Fundamentals
Return on Equity
-116.53%
Trailing 12-Months
Asset Growth
-13.83%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call demonstrates positive progress with revenue growth, strategic partnerships, and technological advancements, although ongoing financial losses and the need for additional capital pose challenges. However, the highlights notably outweigh the lowlights.Read More>---
ENVX Stock 12 Month Forecast
Average Price Target
$22.00
▲(170.94% Upside)
Technical Analysis
Best Analysts Covering ENVX
1 Year
1 Year Success Rate
4/14 ratings generated profit
1 Year Average Return
-13.93%
reiterated a buy rating 2 months ago
Copying Derek Soderberg's trades and holding each position for 1 Year would result in 28.57% of your transactions generating a profit, with an average return of -13.93% per trade.
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