Northland Capmk Analysts Boost Earnings Estimates for Enovix

Enovix Corporation (NASDAQ:ENVX - Free Report) - Stock analysts at Northland Capmk lifted their Q1 2026 EPS estimates for Enovix in a research note issued to investors on Monday, July 7th. Northland Capmk analyst G. Richard now forecasts that the company will earn ($0.20) per share for the quarter, up from their previous forecast 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. TD Securities cut their price target on shares of Enovix from $10.00 to $7.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. Craig Hallum reaffirmed a "buy" rating and issued a $15.00 price target (up from $12.00) on shares of Enovix in a report on Tuesday. B. Riley cut their price target on shares of Enovix from $17.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Cowen reaffirmed a "hold" rating on shares of Enovix in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Enovix from $10.00 to $9.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.09.

Enovix Stock Up 2.1%

ENVX traded up $0.28 during trading on Wednesday, hitting $13.72. The company had a trading volume of 10,774,866 shares, compared to its average volume of 5,946,790. The company has a market cap of $2.63 billion, a PE ratio of -10.64 and a beta of 2.09. The business has a 50-day moving average of $8.42 and a 200-day moving average of $9.01. The company has a debt-to-equity ratio of 0.71, a current ratio of 4.68 and a quick ratio of 4.49. Enovix has a 1-year low of $5.27 and a 1-year high of $18.68.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ENVX. Coppell Advisory Solutions LLC acquired a new position in Enovix during the 4th quarter valued at about $27,000. Stone House Investment Management LLC acquired a new position in Enovix during the 1st quarter valued at about $37,000. Sava Infond d.o.o. acquired a new position in Enovix during the 4th quarter valued at about $43,000. Parallel Advisors LLC boosted its stake in Enovix by 103.8% during the 1st quarter. Parallel Advisors LLC now owns 7,557 shares of the company's stock valued at $55,000 after purchasing an additional 3,849 shares during the period. Finally, Hollencrest Capital Management boosted its stake in Enovix by 61.4% during the 4th quarter. Hollencrest Capital Management now owns 5,256 shares of the company's stock valued at $57,000 after purchasing an additional 2,000 shares during the period. 50.92% of the stock is owned by institutional investors and hedge funds.

Enovix declared that its board has initiated a share repurchase plan on Wednesday, July 2nd that permits the company to buyback $60.00 million in shares. This buyback authorization permits the company to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership 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.