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Enovix (ENVX)
NASDAQ:ENVX
Enovix (ENVX) Stock Price & Analysis
1,680 Followers
ENVX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.70 - $23.90
Previous Close$9.34
Volume1.47M
Average Volume (3M)5.49M
Market Cap
$1.56B
Enterprise Value$1.47B
Total Cash (Recent Filing)$306.79M
Total Debt (Recent Filing)$190.59M
Price to Earnings (P/E)-6.9
Beta2.74
Next Earnings
Aug 07, 2024EPS Estimate
-$0.24Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.35
Shares Outstanding170,000,050
10 Day Avg. Volume9,673,432
30 Day Avg. Volume5,493,387
Standard Deviation0.30
R-Squared0.10
Alpha0.00405
Financial Highlights & Ratios
Price to Book (P/B)8.15
Price to Sales (P/S)207.72
Price to Cash Flow (P/CF)-15.30
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue192.90
Enterprise Value/Gross Profit-26.61
Enterprise Value/Ebitda-20.35
Forecast
1Y Price Target
$28.60Price Target Upside211.21% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
Enovix News
Bulls Say, Bears Say
Bulls Say
Operational ProgressManagement expects samples to be shipped from the new facility, indicating progress in Enovix's production capabilities and steps towards commercialization.
Product InnovationEnovix is bringing innovative, industry-altering technology to the battery ecosystem, which could become essential due to the rise of AI.
Strategic PartnershipsEnovix CEO Dr. Raj Talluri highlighted the interest from EV producers in their fast-charging, efficient, and safe battery technology, hinting at potential future partnerships.
Bears Say
Financial ConcernsCash burn was higher than the analyst's model, indicating potential concerns over financial sustainability.
Operational DelaysA delay in Factory Acceptance Testing Zone 3 occurred due to rigorous testing standards not initially met by manufacturing equipment.
Workforce ReductionLayoffs at Enovix focused on hourly factory workers, aiming to reduce cash burn by $35 million.
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Ownership Overview
35.57% Insiders
12.04% Mutual Funds
24.39% Other Institutional Investors
28.00% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ENVX FAQ
What was Enovix’s price range in the past 12 months?
Enovix lowest stock price was $5.70 and its highest was $23.90 in the past 12 months.
What is Enovix’s market cap?
Currently, no data Available
When is Enovix’s upcoming earnings report date?
Enovix’s upcoming earnings report date is Aug 07, 2024 which is in 83 days.
How were Enovix’s earnings last quarter?
Enovix released its earnings results on May 01, 2024. The company reported -$0.31 earnings per share for the quarter, beating the consensus estimate of -$0.313 by $0.003.
Is Enovix overvalued?
According to Wall Street analysts Enovix’s price is currently Undervalued.
Does Enovix pay dividends?
Enovix does not currently pay dividends.
What is Enovix’s EPS estimate?
Enovix’s EPS estimate is -$0.24.
How many shares outstanding does Enovix have?
Enovix has 170,000,050 shares outstanding.
What happened to Enovix’s price movement after its last earnings report?
Enovix reported an EPS of -$0.31 in its last earnings report, beating expectations of -$0.313. Following the earnings report the stock price went up 45.469%.
Which hedge fund is a major shareholder of Enovix?
Among the largest hedge funds holding Enovix’s share is Driehaus Capital Management LLC. It holds Enovix’s shares valued at 28M.
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Enovix Stock Smart Score
Underperform
1
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4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$28.60 (211.21% Upside)
$28.60 (211.21% Upside)
Blogger Sentiment
Bullish
ENVX Sentiment 88%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 1.9M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $36.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 6.4%
Last 30 Days ▲ 7.5%
Last 30 Days ▲ 7.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-26.91%
12-Months-Change
Fundamentals
Return on Equity
-69.02%
Trailing 12-Months
Asset Growth
23.94%
Trailing 12-Months
Company Description
Enovix
Enovix Corporation is engaged in the design, development, production, and marketing of next-generation lithium-ion battery cells tailored for consumer electronics, IoT devices, and electric vehicles.
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ENVX Company Deck
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ENVX Earnings Call
Q1 2024
0:00 / 0:00
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ENVX Stock 12 Month Forecast
Average Price Target
$28.60
▲(211.21% Upside)
Technical Analysis
Best Analysts Covering ENVX
1 Year
1 Year Success Rate
4/11 ratings generated profit
1 Year Average Return
-6.68%
reiterated a buy rating 22 days ago
Copying Derek Soderberg's trades and holding each position for 1 Year would result in 36.36% of your transactions generating a profit, with an average return of -6.68% per trade.
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