S&P 500   4,309.44 (+0.23%)
DOW   33,633.66 (-0.10%)
QQQ   359.54 (+0.43%)
AAPL   171.60 (+0.53%)
MSFT   317.43 (+1.21%)
META   305.05 (+0.36%)
GOOGL   131.77 (-0.41%)
AMZN   127.67 (+1.34%)
TSLA   251.52 (+2.09%)
NVDA   436.48 (+1.30%)
NIO   9.02 (+1.23%)
BABA   86.92 (+1.61%)
AMD   103.58 (+0.80%)
T   14.98 (-0.20%)
F   12.56 (+0.00%)
MU   67.84 (+4.05%)
CGC   0.80 (-1.43%)
GE   110.49 (-1.65%)
DIS   80.70 (+0.71%)
AMC   7.95 (+2.05%)
PFE   32.85 (+2.37%)
PYPL   58.57 (+0.67%)
NFLX   376.58 (+0.06%)
S&P 500   4,309.44 (+0.23%)
DOW   33,633.66 (-0.10%)
QQQ   359.54 (+0.43%)
AAPL   171.60 (+0.53%)
MSFT   317.43 (+1.21%)
META   305.05 (+0.36%)
GOOGL   131.77 (-0.41%)
AMZN   127.67 (+1.34%)
TSLA   251.52 (+2.09%)
NVDA   436.48 (+1.30%)
NIO   9.02 (+1.23%)
BABA   86.92 (+1.61%)
AMD   103.58 (+0.80%)
T   14.98 (-0.20%)
F   12.56 (+0.00%)
MU   67.84 (+4.05%)
CGC   0.80 (-1.43%)
GE   110.49 (-1.65%)
DIS   80.70 (+0.71%)
AMC   7.95 (+2.05%)
PFE   32.85 (+2.37%)
PYPL   58.57 (+0.67%)
NFLX   376.58 (+0.06%)
S&P 500   4,309.44 (+0.23%)
DOW   33,633.66 (-0.10%)
QQQ   359.54 (+0.43%)
AAPL   171.60 (+0.53%)
MSFT   317.43 (+1.21%)
META   305.05 (+0.36%)
GOOGL   131.77 (-0.41%)
AMZN   127.67 (+1.34%)
TSLA   251.52 (+2.09%)
NVDA   436.48 (+1.30%)
NIO   9.02 (+1.23%)
BABA   86.92 (+1.61%)
AMD   103.58 (+0.80%)
T   14.98 (-0.20%)
F   12.56 (+0.00%)
MU   67.84 (+4.05%)
CGC   0.80 (-1.43%)
GE   110.49 (-1.65%)
DIS   80.70 (+0.71%)
AMC   7.95 (+2.05%)
PFE   32.85 (+2.37%)
PYPL   58.57 (+0.67%)
NFLX   376.58 (+0.06%)
S&P 500   4,309.44 (+0.23%)
DOW   33,633.66 (-0.10%)
QQQ   359.54 (+0.43%)
AAPL   171.60 (+0.53%)
MSFT   317.43 (+1.21%)
META   305.05 (+0.36%)
GOOGL   131.77 (-0.41%)
AMZN   127.67 (+1.34%)
TSLA   251.52 (+2.09%)
NVDA   436.48 (+1.30%)
NIO   9.02 (+1.23%)
BABA   86.92 (+1.61%)
AMD   103.58 (+0.80%)
T   14.98 (-0.20%)
F   12.56 (+0.00%)
MU   67.84 (+4.05%)
CGC   0.80 (-1.43%)
GE   110.49 (-1.65%)
DIS   80.70 (+0.71%)
AMC   7.95 (+2.05%)
PFE   32.85 (+2.37%)
PYPL   58.57 (+0.67%)
NFLX   376.58 (+0.06%)

Enovix (ENVX) Stock Forecast, Price & News

$12.62
-0.09 (-0.71%)
(As of 12:15 PM ET)
Compare
Today's Range
$12.62
$13.25
50-Day Range
$11.73
$21.52
52-Week Range
$6.50
$23.90
Volume
1.28 million shs
Average Volume
5.92 million shs
Market Capitalization
$2.02 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$26.83

Enovix MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
111.1% Upside
$26.83 Price Target
Short Interest
Bearish
30.95% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.52mentions of Enovix in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$585,000 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.34) to ($1.27) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.05 out of 5 stars

Oils/Energy Sector

163rd out of 249 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

15th out of 29 stocks


ENVX stock logo

About Enovix (NASDAQ:ENVX) Stock

Enovix Corporation, headquartered in Fremont, California, is a leading manufacturer of advanced lithium-ion batteries for use in a variety of applications, including electric vehicles, consumer electronics, and grid storage. The company's innovative battery design, incorporating a 3D cell architecture, offers higher energy density, improved safety, and longer cycle life than traditional lithium-ion batteries. Founded in 2007, Enovix has quickly become a leader in the battery industry, with a growing list of partners and customers.

A highly experienced management team leads Enovix with deep expertise in the battery industry. The company's Chief Executive Officer, Dr. Raj Tallurl, was appointed in Q1 2023. Over his 30-year career, Raj has shown effective leadership in the semiconductor space and hopes to bring that success to Enovix Corp. 

Enovix has demonstrated strong financial performance in recent years, with steady revenue growth and improving profit margins. While the company does not disclose specific financial data, Enovix's revenue has increased yearly. It has reduced its production costs through ongoing investments in manufacturing efficiency. Enovix has maintained a strong balance sheet, with manageable debt levels and a stable ownership structure.

Despite its strong financial performance, Enovix's current valuation is relatively modest compared to its peers in the battery industry. The company's current price-to-earnings ratio is below the industry average, reflecting investors' cautious optimism about the company's growth prospects. Enovix's market performance has been mixed, with the stock experiencing significant volatility recently. While the company has seen some price increases driven by positive news and investor sentiment, the stock has also been subject to sell-offs in response to broader market trends.

Enovix operates in a rapidly evolving industry that is subject to a range of technological and regulatory challenges. The battery market is highly competitive, with several prominent players dominating the market, including Tesla, LG Chem, and Panasonic. Enovix's success depends on its ability to continue to innovate and develop new products that offer superior performance and safety compared to its competitors. The company also faces regulatory and political challenges, including changes to government policies and regulations related to using batteries in electric vehicles and other applications.

Despite these challenges, Enovix has several growth opportunities that could help propel the company forward in the coming years. One key area of focus for the company is the development of new products and technologies, including advanced lithium-ion batteries for use in electric vehicles and grid storage applications. Enovix is also exploring expanding its manufacturing capacity and entering new domestic and international markets. In addition, the company is actively pursuing partnerships with other industry players to collaborate on research and development efforts and drive innovation in the battery market.

As with any company, Enovix faces several risks and challenges that could impact its future growth and success. In addition to the competitive and regulatory challenges mentioned earlier, the company is also subject to changing consumer preferences and market trends, which could impact product demand. Enovix must also manage its manufacturing and supply chain operations effectively to ensure that it can meet the growing demand for its products while maintaining high levels of quality and efficiency.

ENVX Price History

ENVX Stock News Headlines

2 Must-Have Silicon Companies That Don't Make Microchips (ENVX)
Silicon anode batteries will alter the EV landscape with higher density, greater output, and quicker charging for lower cost.
Uranium Prices Surge as Nuclear Energy Becomes Key
Renewed interest in uranium and rising prices have created a favorable environment for new projects.
Enovix Corp.
Why Enovix Stock Got Crushed This Week
Enovix Corporation: Enovix to Acquire Routejade
Uranium Prices Surge as Nuclear Energy Becomes Key
Renewed interest in uranium and rising prices have created a favorable environment for new projects.
Enovix to Acquire Routejade
Enovix To Buy Korean Battery Manufacturer Routejade
Why Enovix Stock Is Rising After Hours
Enovix Charges Into Euphoria And Volatility
Analyst Expectations for Enovix's Future
Enovix: A Dangerous Game
Enovix Unusual Options Activity For August 30
Enovix Unusual Options Activity For August 17
See More Headlines
Receive ENVX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Enovix and its competitors with MarketBeat's FREE daily newsletter.

ENVX Company Calendar

Last Earnings
7/26/2023
Today
9/29/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Miscellaneous electrical machinery, equipment, & supplies
Sub-Industry
N/A
Current Symbol
NASDAQ:ENVX
Fax
N/A
Employees
335
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$26.83
High Stock Price Forecast
$67.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+111.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
9 Analysts

Profitability

Net Income
$-51,620,000.00
Net Margins
-19,854.21%
Pretax Margin
-19,854.21%

Debt

Sales & Book Value

Annual Sales
$6.20 million
Book Value
$2.27 per share

Miscellaneous

Free Float
132,425,000
Market Cap
$2.04 billion
Optionable
Optionable
Beta
1.51
The Best High-Yield Dividend Stocks for 2023 Cover

Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.

Get This Free Report

Key Executives

  • Dr. Thurman John Rodgers Ph.D. (Age 75)
    Exec. Chairman
    Comp: $70k
  • Mr. Ajay Marathe (Age 61)
    Chief Operating Officer
    Comp: $403.99k
  • Mr. Steffen Pietzke CPA (Age 51)
    Consultant
    Comp: $464.65k
  • Dr. Raj Talluri (Age 60)
    Pres, CEO & Director
  • Dr. Murali Ramasubramanian
    Co-Founder & Technical Advisor
  • Dr. Robert M. Spotnitz
    Founder
  • Mr. Farhan Ahmad
    Chief Financial Officer
  • Mr. Charles Lowell Anderson
    Sr. VP of Investor Relations & Corp. Strategy
  • Ms. Arthi Chakravarthy (Age 44)
    Chief Legal Officer, Gen. Counsel & Sec.
  • Ms. Kristin Atkins
    VP of Corp. Communications & Marketing













ENVX Stock - Frequently Asked Questions

Should I buy or sell Enovix stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enovix in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ENVX shares.
View ENVX analyst ratings
or view top-rated stocks.

What is Enovix's stock price forecast for 2023?

9 brokerages have issued 12 month price targets for Enovix's stock. Their ENVX share price forecasts range from $18.00 to $67.00. On average, they predict the company's stock price to reach $26.83 in the next year. This suggests a possible upside of 111.1% from the stock's current price.
View analysts price targets for ENVX
or view top-rated stocks among Wall Street analysts.

How have ENVX shares performed in 2023?

Enovix's stock was trading at $12.44 at the start of the year. Since then, ENVX shares have increased by 2.2% and is now trading at $12.71.
View the best growth stocks for 2023 here
.

Are investors shorting Enovix?

Enovix saw a increase in short interest in September. As of September 15th, there was short interest totaling 39,910,000 shares, an increase of 5.2% from the August 31st total of 37,950,000 shares. Based on an average daily volume of 6,590,000 shares, the short-interest ratio is presently 6.1 days. Approximately 31.0% of the shares of the company are sold short.
View Enovix's Short Interest
.

When is Enovix's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our ENVX earnings forecast
.

How were Enovix's earnings last quarter?

Enovix Co. (NASDAQ:ENVX) announced its quarterly earnings results on Wednesday, July, 26th. The company reported ($0.29) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.29). The firm earned $0.04 million during the quarter, compared to analysts' expectations of $0.06 million. Enovix had a negative net margin of 19,854.21% and a negative trailing twelve-month return on equity of 55.12%.

What ETFs hold Enovix's stock?
What is Enovix's stock symbol?

Enovix trades on the NASDAQ under the ticker symbol "ENVX."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Enovix's stock price today?

One share of ENVX stock can currently be purchased for approximately $12.71.

How much money does Enovix make?

Enovix (NASDAQ:ENVX) has a market capitalization of $2.04 billion and generates $6.20 million in revenue each year. The company earns $-51,620,000.00 in net income (profit) each year or ($1.68) on an earnings per share basis.

How many employees does Enovix have?

The company employs 335 workers across the globe.

How can I contact Enovix?

Enovix's mailing address is 575 EASTVIEW WAY, WOODSIDE CA, 94062. The official website for the company is www.rodgerscap.com. The company can be reached via phone at 510-695-2350 or via email at gary@blueshirtgroup.com.

This page (NASDAQ:ENVX) was last updated on 9/29/2023 by MarketBeat.com Staff

My Account -