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Enovix (ENVX)
NASDAQ:ENVX
Holding ENVX?
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ENVX Stock Chart & Stats
Day’s Range― - ―
52-Week Range$5.70 - $18.68
Previous CloseN/A
Volume5.60M
Average Volume (3M)6.96M
Market Cap
$2.06B
Enterprise Value$1.68B
Total Cash (Recent Filing)$385.30M
Total Debt (Recent Filing)$9.07M
Price to Earnings (P/E)―
Beta3.03
Next Earnings
Feb 19, 2025EPS Estimate
-0.19Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.62
Shares Outstanding188,393,880
10 Day Avg. Volume8,958,520
30 Day Avg. Volume6,963,578
Standard Deviation0.31
R-Squared0.10
Alpha0.02
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)93.97
Price to Cash Flow (P/CF)-15.90
P/FCF Ratio0.00
Enterprise Value/Market Cap0.82
Enterprise Value/Revenue81.23
Enterprise Value/Gross Profit-30.40
Enterprise Value/Ebitda-11.74
Forecast
1Y Price Target
$21.22Price Target Upside97.95% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Enovix News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceEnovix reported 3Q24 results that exceeded both analyst and consensus estimates and were in line with management's guidance.
Strategic PartnershipA major U.S. technology leader has placed a genuine order with Enovix, serving as a tangible endorsement of their technology and operational progress.
Technological AdvancementEX-2M samples demonstrate a ~10% energy density improvement relative to the company's first-generation EX-1M batteries.
Bears Say
Analyst RecommendationsThe analyst recommendation has been downgraded from Buy to Hold due to lack of upside to the updated Fair Value and long-term estimate visibility.
Financial StrategyThe company surprised the market with an unexpected $100MM equity raise, contradicting management's earlier guidance.
Revenue And DemandNear-term revenue estimates are significantly below market expectations, indicating caution around demand and commercialization.
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Ownership Overview
13.85% Insiders
10.75% Mutual Funds
0.41% Other Institutional Investors
62.50% 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?
Enovix’s market cap is $2.06B.
When is Enovix’s upcoming earnings report date?
Enovix’s upcoming earnings report date is Feb 19, 2025 which is in 32 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:
$21.22 (97.95% Upside)
$21.22 (97.95% 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 Positive
Last 7 Days <0.1%
Last 30 Days ▲ 5.2%
Last 30 Days ▲ 5.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
7.20%
12-Months-Change
Fundamentals
Return on Equity
-146.04%
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
$21.22
▲(97.95% Upside)
Technical Analysis
Solid Power
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Best Analysts Covering ENVX
1 Year
1 Year Success Rate
8/14 ratings generated profit
1 Year Average Return
-3.54%
reiterated a buy rating 12 days ago
Copying Colin Rusch's trades and holding each position for 1 Year would result in 57.14% of your transactions generating a profit, with an average return of -3.54% per trade.
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