Enovix (ENVX) Stock Price, News & Analysis

Company Overview

Enovix Corporation is a California‐based technology company specializing in the design and manufacture of next‐generation lithium‐ion batteries. Founded in the late 2000s and headquartered in Fremont, the company has developed a patented three‐dimensional cell architecture intended to deliver higher energy density and improved safety compared with conventional pouch and cylindrical cells. Enovix’s battery cells are engineered to reduce inactive material and pack more active material into the same footprint, addressing the growing power demands of modern electronics.

Enovix’s core products target a range of applications, including wearable devices, mobile electronics and emerging markets such as electric vehicles and unmanned aerial systems. The company’s proprietary 3D cell design is intended to provide up to 20% greater energy density versus conventional lithium‐ion cells, while enabling faster charging rates and enhanced thermal management. Enovix has leveraged its technology to produce both consumer‐grade cells for immediate markets and larger format modules for automotive and industrial customers.

Over the years, Enovix has secured strategic partnerships and funding from leading investors in the semiconductor and electronics industries. In 2021, the company completed its initial public listing via a business combination, and it continues to expand its research, development and pilot manufacturing operations in the United States. Under the leadership of co‐founder and CEO Harrold Rust, the executive team brings extensive experience in battery engineering, semiconductor processing and high‐volume manufacturing.

Currently serving customers in North America, Asia and Europe, Enovix is working to scale up production through a planned high‐volume manufacturing facility in the U.S. The company’s growth strategy includes collaboration with original equipment manufacturers and contract manufacturers to establish supply chains capable of meeting global demand. As energy storage requirements evolve across consumer and industrial sectors, Enovix aims to position its advanced cell technology at the forefront of the rechargeable battery market.

Key Stats

• Today's Range: $13.71 to $14.42
• 50-Day Range: $6.09 to $14.12
• 52-Week Range: $5.27 to $18.68
• Volume: 8.40 million shs
• Average Volume: 5.95 million shs
• Market Capitalization: $2.70 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $17.55
• Consensus Rating: Moderate Buy

Enovix Stock Analysis - MarketRank™

Enovix scored higher than 50% of companies evaluated by MarketBeat, and ranked 166th out of 267 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 2.67, and is based on 8 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Enovix has been the subject of 7 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 -10.91, 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 -10.91, 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 10.05. 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: 3.1 / 5
• News Sentiment: 0.65

News Sentiment

Enovix has a news sentiment score of 0.65. 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 is a lower news sentiment than the 0.75 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 37 news articles for Enovix this week, compared to 8 articles on an average week.

Search Interest

58 people have searched for ENVX on MarketBeat in the last 30 days. This is an increase of 87% compared to the previous 30 days.

MarketBeat Follows

51 people have added Enovix to their MarketBeat watchlist in the last 30 days. This is an increase of 410% 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 at the beginning of the year. Since then, ENVX stock has increased by 29.4% and is now trading at $14.07.

How were Enovix's earnings last quarter?

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

Is Enovix doing a stock buyback?

Enovix's Board of Directors authorized a stock repurchase plan on Wednesday, July 2nd 2025, which allows the company to repurchase $60,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

Who are Enovix's major shareholders?

Enovix's top institutional investors include Kingstone Capital Partners Texas LLC (0.67%), Salem Investment Counselors Inc. (0.04%), Thurston Springer Miller Herd & Titak Inc. (0.03%) and Lpwm LLC (0.01%). 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: 7/12/2025
• Next Earnings (Estimated): 7/30/2025
• 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: $17.55
• High Price Target: $36.00
• Low Price Target: $7.00
• Potential Upside/Downside: +24.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• 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: 117.10
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.40 per share
• Price / Book: 10.05

Miscellaneous

• Outstanding Shares: 192,000,000
• Free Float: 161,859,000
• Market Cap: $2.70 billion
• Optionable: Optionable
• Beta: 2.09