Enovix (ENVX) Stock Price, News & Analysis

Company Overview

Enovix Corporation designs develops and manufactures silicon-anode lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.

Key Stats

• Today's Range: $13.72 to $14.96
• 50-Day Range: $7.35 to $15.93
• 52-Week Range: $5.27 to $16.49
• Volume: 10.84 million shs
• Average Volume: 10.71 million shs
• Market Capitalization: $2.77 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $17.82
• Consensus Rating: Moderate Buy

Enovix Stock Analysis - MarketRank™

Enovix scored higher than 51% of companies evaluated by MarketBeat, and ranked 160th out of 259 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Enovix has received a consensus rating of Moderate Buy. The company's average rating score is 2.58, and is based on 7 buy ratings, 5 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Enovix has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Enovix are expected to grow in the coming year, from ($1.01) to ($0.72) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Enovix is -11.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Enovix is -11.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Enovix has a P/B Ratio of 10.31. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

27.53% of the float of Enovix has been sold short.

Short Interest Ratio / Days to Cover

Enovix has a short interest ratio ("days to cover") of 7.9.

Change versus previous month

Short interest in Enovix has recently decreased by 2.66%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Enovix does not currently pay a dividend.

Dividend Growth

Enovix does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

27.53% of the float of Enovix has been sold short.

Short Interest Ratio / Days to Cover

Enovix has a short interest ratio ("days to cover") of 7.9.

Change versus previous month

Short interest in Enovix has recently decreased by 2.66%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.71

News Sentiment

Enovix has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Energy companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Enovix this week, compared to 8 articles on an average week.

Search Interest

74 people have searched for ENVX on MarketBeat in the last 30 days. This is an increase of 90% compared to the previous 30 days.

MarketBeat Follows

50 people have added Enovix to their MarketBeat watchlist in the last 30 days. This is an increase of 43% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Enovix insiders have not sold or bought any company stock.

Percentage Held by Insiders

15.70% of the stock of Enovix is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

50.92% of the stock of Enovix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ENVX Stock Analysis - Frequently Asked Questions

How have ENVX shares performed this year?

Enovix's stock was trading at $10.87 on January 1st, 2025. Since then, ENVX shares have increased by 32.8% and is now trading at $14.43.

How were Enovix's earnings last quarter?

Enovix Corporation (NASDAQ:ENVX) announced its quarterly earnings results on Wednesday, February, 19th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.01. The company earned $9.72 million during the quarter, compared to analysts' expectations of $8.77 million. Enovix had a negative net margin of 870.67% and a negative trailing twelve-month return on equity of 78.11%.
Read the conference call transcript.

Is Enovix doing a stock buyback?

Enovix's Board of Directors authorized a share buyback program on Wednesday, July 2nd 2025, which authorizes the company to buy back $60,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Who are Enovix's major shareholders?

Top institutional investors of Enovix include Kingstone Capital Partners Texas LLC (0.67%), Refined Wealth Management (0.36%), Sonora Investment Management Group LLC (0.22%) and Blair William & Co. IL (0.17%). Insiders that own company stock include Rajendra K Talluri, Harrold J Rust, Ashok Lahiri, Ajay Marathe, Gardner Cameron Dales, Thurman J Rodgers, Arthi Chakravarthy, Betsy S Atkins and Gregory Reichow.
View institutional ownership trends.

How do I buy shares of Enovix?

Shares of ENVX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Enovix own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Enovix investors own include Rambus (RMBS), Toast (TOST), COMPASS Pathways (CMPS), Ginkgo Bioworks (DNA), Globant (GLOB), Saia (SAIA) and Luminar Technologies (LAZR).

Company Calendar

• Last Earnings: 2/19/2025
• Today: 7/24/2025
• Next Earnings (Estimated): 7/31/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Energy
• Industry: Other Alt Energy
• Sub-Industry: Electrical Equipment
• Current Symbol: NASDAQ:ENVX
• Previous Symbol: NASDAQ:ENVX
• CIK: 1828318
• Web: www.rodgerscap.com
• Phone: 510-695-2350
• Fax: N/A
• Employees: 340
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Enovix: $17.82
• High Price Target: $36.00
• Low Price Target: $7.00
• Potential Upside/Downside: +23.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.58
• Research Coverage: 12 Analysts

Profitability

• EPS (Trailing Twelve Months): ($1.29)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$222.24 million
• Net Margins: -870.67%
• Pretax Margin: -877.60%
• Return on Equity: -78.11%
• Return on Assets: -33.04%

Debt

• Debt-to-Equity Ratio: 0.71
• Current Ratio: 4.68
• Quick Ratio: 4.49

Sales & Book Value

• Annual Sales: $23.07 million
• Price / Sales: 120.09
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.40 per share
• Price / Book: 10.31

Miscellaneous

• Outstanding Shares: 192,000,000
• Free Float: 161,859,000
• Market Cap: $2.77 billion
• Optionable: Optionable
• Beta: 2.09