Enovix (ENVX) Stock Price, News & Analysis

Company Overview

Enovix Corporation is a battery technology company developing lithium-ion batteries that use a silicon-based anode and a three-dimensional cell architecture. The company’s design is intended to increase energy density while incorporating structural features designed to improve safety and cycle life compared with conventional lithium-ion batteries.

Enovix is focused initially on batteries for consumer electronics, including smartphones, wearable devices and other mobile products. It has also identified applications in industrial, medical, aerospace, defense and electric vehicle markets. The company develops battery cells, battery packs and related battery-management technologies for potential use across these markets.

Founded in 2007, Enovix is headquartered in Fremont, California. The company has been developing manufacturing capabilities in the United States and Malaysia as it works toward commercial-scale production. Enovix became a publicly traded company in 2021 through a business combination with a special purpose acquisition company. Raj Talluri serves as the company’s chief executive officer.

Key Stats

• Today's Range: $2.73 to $2.92
• 50-Day Range: $2.56 to $4.83
• 52-Week Range: $2.48 to $14.21
• Volume: 4.62 million shs
• Average Volume: 6.97 million shs
• Market Capitalization: $614.46 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $11.77
• Consensus Rating: Moderate Buy

Enovix Stock Analysis - MarketRank™

Enovix scored higher than 65% of companies evaluated by MarketBeat, and ranked 355th out of 653 stocks in the industrials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Enovix has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 strong buy rating, 6 buy ratings, 3 hold ratings, and 2 sell ratings.

Upside Potential

Enovix has a consensus price target of $11.77, representing about 320.5% upside from its current price of $2.80.

Amount of Analyst Coverage

Enovix has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Enovix are expected to decrease in the coming year, from ($0.80) to ($0.92) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Enovix is -3.46, 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 -3.46, 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 2.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

27.64% 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 9.61.

Change versus previous month

Short interest in Enovix has recently decreased by 1.36%, 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.

News and Social Media

• Score: 4.2 / 5
• News Sentiment: 0.72

News Sentiment

Enovix has a news sentiment score of 0.72. 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 higher news sentiment than the 0.51 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Enovix this week, compared to 4 articles on an average week.

Search Interest

18 people have searched for ENVX on MarketBeat in the last 30 days. This is an increase of 13% compared to the previous 30 days.

MarketBeat Follows

13 people have added Enovix to their MarketBeat watchlist in the last 30 days. This is an increase of 117% compared to the previous 30 days.

Company Ownership

• Score: 1.1 / 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

12.70% 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.

Company Calendar

• Last Earnings: 8/12/2026
• Today: 10/04/2026
• Next Earnings (Estimated): 11/04/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrials
• Industry: Electrical Equipment
• Sub-Industry: Electrical Components & Equipment
• Current Symbol: NASDAQ:ENVX
• Previous Symbol: NASDAQ:ENVX
• CIK: 1828318
• Web: www.enovix.com
• Phone: 510-695-2350
• Fax: N/A
• Employees: 664
• Year Founded: 2007

Price Target and Rating

• Average Price Target for Enovix: $11.77
• High Price Target: $25.00
• Low Price Target: $5.00
• Potential Upside/Downside: +320.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 12 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.81)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$156.74 million
• Net Margins: -473.89%
• Pretax Margin: -476.61%
• Return on Equity: -64.50%
• Return on Assets: -19.31%

Debt

• Debt-to-Equity Ratio: 2.46
• Current Ratio: 9.71
• Quick Ratio: 9.37

Sales & Book Value

• Annual Sales: $31.82 million
• Price / Sales: 19.31
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.27 per share
• Price / Book: 2.20

Miscellaneous

• Outstanding Shares: 219,450,000
• Free Float: 191,579,000
• Market Cap: $614.46 million
• Optionable: Optionable
• Beta: 2.49