Northland Capmk Estimates Enovix's Q1 Earnings (NASDAQ:ENVX)

Enovix Corporation (NASDAQ:ENVX - Free Report) - Analysts at Northland Capmk boosted their Q1 2026 earnings estimates for shares of Enovix in a research report issued on Monday, July 7th. Northland Capmk analyst G. Richard now anticipates that the company will post earnings per share of ($0.20) for the quarter, up from their prior estimate of ($0.28). The consensus estimate for Enovix's current full-year earnings is ($1.01) per share. Northland Capmk also issued estimates for Enovix's Q2 2026 earnings at ($0.21) EPS, Q3 2026 earnings at ($0.21) EPS, Q4 2026 earnings at ($0.21) EPS and FY2026 earnings at ($0.85) EPS.

ENVX has been the topic of several other reports. Cowen restated a "hold" rating on shares of Enovix in a report on Tuesday. TD Cowen upgraded Enovix to a "hold" rating and boosted their target price for the stock from $7.00 to $15.00 in a report on Monday. TD Securities lowered their target price on Enovix from $10.00 to $7.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. lowered their price target on shares of Enovix from $10.00 to $9.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Finally, Benchmark lowered their price target on shares of Enovix from $25.00 to $15.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $17.55.

Enovix Price Performance

ENVX traded up $0.40 on Wednesday, hitting $14.12. 8,602,395 shares of the company's stock were exchanged, compared to its average volume of 5,956,402. Enovix has a fifty-two week low of $5.27 and a fifty-two week high of $18.68. The company has a current ratio of 4.68, a quick ratio of 4.49 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average price of $8.72 and a 200-day moving average price of $9.07. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of -10.95 and a beta of 2.09.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its position in Enovix by 6.8% in the fourth quarter. Victory Capital Management Inc. now owns 19,695 shares of the company's stock valued at $214,000 after buying an additional 1,257 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Enovix by 6.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,413 shares of the company's stock valued at $233,000 after buying an additional 1,336 shares during the last quarter. Xponance Inc. lifted its position in Enovix by 17.3% in the fourth quarter. Xponance Inc. now owns 11,810 shares of the company's stock valued at $128,000 after buying an additional 1,738 shares during the last quarter. DDD Partners LLC lifted its position in Enovix by 5.9% in the first quarter. DDD Partners LLC now owns 31,461 shares of the company's stock valued at $231,000 after buying an additional 1,764 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in Enovix by 4.5% in the fourth quarter. Arizona State Retirement System now owns 43,464 shares of the company's stock valued at $472,000 after buying an additional 1,856 shares during the last quarter. 50.92% of the stock is currently owned by institutional investors and hedge funds.

Enovix announced that its Board of Directors has authorized a share buyback plan on Wednesday, July 2nd that permits the company to repurchase $60.00 million in shares. This repurchase authorization permits the company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

About Enovix

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.