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How major US stock indexes fared Friday 6/9/2023
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With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
The single greatest medical breakthrough of all time? (Ad)
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Closing prices for crude oil, gold and other commodities
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
The single greatest medical breakthrough of all time? (Ad)
How major US stock indexes fared Friday 6/9/2023
FuelCell Is Back To Realistic Valuation
The single greatest medical breakthrough of all time? (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
The single greatest medical breakthrough of all time? (Ad)
Nigeria's central bank chief arrested after being suspended by president
Closing prices for crude oil, gold and other commodities
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
The single greatest medical breakthrough of all time? (Ad)
How major US stock indexes fared Friday 6/9/2023
FuelCell Is Back To Realistic Valuation
The single greatest medical breakthrough of all time? (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
The single greatest medical breakthrough of all time? (Ad)
Nigeria's central bank chief arrested after being suspended by president
Closing prices for crude oil, gold and other commodities
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
The single greatest medical breakthrough of all time? (Ad)
How major US stock indexes fared Friday 6/9/2023
FuelCell Is Back To Realistic Valuation
The single greatest medical breakthrough of all time? (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
The single greatest medical breakthrough of all time? (Ad)
Nigeria's central bank chief arrested after being suspended by president
Closing prices for crude oil, gold and other commodities

Enovix (ENVX) Stock Forecast, Price & News

$13.73
-0.41 (-2.90%)
(As of 06/9/2023 ET)
Compare
Today's Range
$13.51
$14.23
50-Day Range
$10.54
$14.48
52-Week Range
$6.50
$26.30
Volume
3.62 million shs
Average Volume
4.37 million shs
Market Capitalization
$2.17 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$31.08

Enovix MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
126.3% Upside
$31.08 Price Target
Short Interest
Bearish
24.04% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.76mentions of Enovix in the last 14 days
Based on 13 Articles This Week
Insider Trading
Acquiring Shares
$1.87 M Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

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

1.99 out of 5 stars

Oils/Energy Sector

175th out of 251 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

10th out of 25 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.

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ENVX Stock News Headlines

This Is What Whales Are Betting On Enovix
Enovix (NASDAQ:ENVX) Shares Gap Down to $14.27
“One-Stock Millionaire” IGNORES 99.9% of the Market
During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.
Enovix: Take Charge, Buy This
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Enovix (NASDAQ:ENVX) Shares Up 4%
Enovix (NASDAQ: ENVX)
Enovix: Shorts Could Be Playing With Dynamite
Enovix: Shorts Could Be Playing With Dynamite
Enovix Co. (NASDAQ:ENVX) Short Interest Update
Enovix Sees Unusually Large Options Volume (NASDAQ:ENVX)
See More Headlines

ENVX Price History

ENVX Company Calendar

Last Earnings
11/07/2021
Today
6/10/2023
Next Earnings (Estimated)
8/09/2023
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
215
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$31.08
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+126.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
12 Analysts

Profitability

Net Income
$-51,620,000.00
Net Margins
-2,698.57%
Pretax Margin
-2,698.57%

Debt

Sales & Book Value

Annual Sales
$6.20 million
Book Value
$2.27 per share

Miscellaneous

Free Float
130,798,000
Market Cap
$2.17 billion
Optionable
Optionable
Beta
1.18

Key Executives

  • Dr. Thurman John Rodgers Ph.D. (Age 75)
    Exec. Chairman
    Comp: $35k
  • Mr. Harrold J. Rust (Age 61)
    Co-Founder, CEO, Pres & Director
    Comp: $533.14k
  • Mr. Ashok Lahiri (Age 63)
    Founder & CTO
    Comp: $393.06k
  • Mr. Steffen Pietzke CPA (Age 51)
    Chief Financial Officer
    Comp: $386.21k
  • Dr. Murali Ramasubramanian
    Founder and VP of R&D
  • Dr. Robert M. Spotnitz
    Founder
  • Mr. Ajay Marathe
    Chief Operating Officer
  • Mr. Charles Lowell Anderson
    Functional Lead of Investor Relations
  • Mr. Ralph H. Schmitt (Age 62)
    VP of Sales & Bus. Devel.
  • Ms. Iryna Romaniv
    Head of HR













ENVX Stock - Frequently Asked Questions

Should I buy or sell Enovix stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enovix in the last year. There are currently 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ENVX shares.
View ENVX analyst ratings
or view top-rated stocks.

What is Enovix's stock price forecast for 2023?

12 Wall Street analysts have issued 12-month price targets for Enovix's stock. Their ENVX share price forecasts range from $15.00 to $100.00. On average, they predict the company's stock price to reach $31.08 in the next twelve months. This suggests a possible upside of 126.3% 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 on January 1st, 2023. Since then, ENVX shares have increased by 10.4% and is now trading at $13.73.
View the best growth stocks for 2023 here
.

When is Enovix's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
View our ENVX earnings forecast
.

How were Enovix's earnings last quarter?

Enovix Co. (NASDAQ:ENVX) issued its earnings results on Sunday, November, 7th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.02. Enovix had a negative trailing twelve-month return on equity of 43.30% and a negative net margin of 2,698.57%.

What is Enovix's stock symbol?

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

Who are Enovix's major shareholders?

Enovix's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.38%), Handelsbanken Fonder AB (1.65%), Susquehanna International Group LLP (0.00%), Granahan Investment Management LLC (1.38%), State Street Corp (1.36%) and Geode Capital Management LLC (1.36%). Insiders that own company stock include Ashok Lahiri, Betsy S Atkins, Gardner Cameron Dales, Harrold J Rust, J Daniel Mccranie, Park West Asset Management Llc, Rajendra K Talluri and Thurman J Rodgers.
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 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 $13.73.

How much money does Enovix make?

Enovix (NASDAQ:ENVX) has a market capitalization of $2.17 billion and generates $6.20 million in revenue each year. The company earns $-51,620,000.00 in net income (profit) each year or ($1.45) on an earnings per share basis.

How many employees does Enovix have?

The company employs 215 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 6/10/2023 by MarketBeat.com Staff

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