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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$8.85
Volume4.40M
Average Volume (3M)5.98M
Market Cap
$1.67B
Enterprise Value$1.66B
Total Cash (Recent Filing)$200.91M
Total Debt (Recent Filing)$194.69M
Price to Earnings (P/E)―
Beta2.97
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. Volume6,278,597
30 Day Avg. Volume5,981,364
Standard Deviation0.31
R-Squared0.11
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)9.41
Price to Sales (P/S)75.09
Price to Cash Flow (P/CF)-12.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue80.23
Enterprise Value/Gross Profit-30.02
Enterprise Value/Ebitda-11.60
Forecast
1Y Price Target
$21.22Price Target Upside150.24% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Enovix News
Bulls Say, Bears Say
Bulls Say
Innovative TechnologyEnovix is bringing innovative, industry-altering technology to the battery ecosystem, which could be necessary due to the emergence of AI.
Operational MilestonesEnovix announced a 2025 launch commitment from a major smartphone OEM, began shipping EX-1M samples out of Fab2, and is on track for initial EX-2M customer samples in 4Q24.
Strategic PartnershipsEnovix signed another qualification agreement with a top 5 smartphone OEM in China with plans of mass production.
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.
Capital RequirementsDespite the $100MM equity raise, additional capital will still be needed to support the scale-up of incremental lines at Fab-2 and additional facilities.
Financial PerformanceThe company's price target was reduced from $14 to $10, reflecting adjustments in financial expectations and obligations.
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Ownership Overview
14.04% Insiders
10.39% Mutual Funds
15.20% Other Institutional Investors
49.03% 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 95 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 36M.
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Enovix Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$21.22 (150.24% Upside)
$21.22 (150.24% Upside)
Blogger Sentiment
Bullish
ENVX Sentiment 92%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 46.0 Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 0.9%
Last 30 Days ▲ 9.1%
Last 30 Days ▲ 9.1%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-21.12%
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
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ENVX Stock 12 Month Forecast
Average Price Target
$21.22
▲(150.24% Upside)
Technical Analysis
Best Analysts Covering ENVX
1 Year
1 Year Success Rate
6/19 ratings generated profit
1 Year Average Return
-10.82%
assigned a buy rating 16 days ago
Copying Anthony Stoss's trades and holding each position for 1 Year would result in 31.58% of your transactions generating a profit, with an average return of -10.82% per trade.
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