- Investing.com
Enovix Corporation designs, develops, and manufactures lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.
Battery Breakthrough | Enovix's silicon-anode lithium-ion batteries promise higher energy density and faster charging, positioning the company at the forefront of energy storage innovation. |
Strategic Partnerships | Explore Enovix's collaborations with automotive and smartphone OEMs, including a potential Samsung deal, signaling strong market validation and growth prospects. |
Financial Trajectory | Delve into Enovix's financial performance, with Q2 2024 revenue exceeding expectations at $3.8 million, despite ongoing challenges in achieving profitability. |
Future Outlook | Analysts project significant revenue growth by 2026, with Cantor Fitzgerald maintaining a $30 price target, reflecting optimism about Enovix's long-term potential. |
Metrics to compare | ENVX | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipENVXPeersSector | |
---|---|---|---|---|
P/E Ratio | −6.9x | −1.1x | 11.8x | |
PEG Ratio | 0.54 | −0.02 | 0.03 | |
Price/Book | 10.1x | 1.2x | 1.4x | |
Price / LTM Sales | 81.6x | 1.2x | 1.2x | |
Upside (Analyst Target) | 116.9% | 73.9% | 20.5% | |
Fair Value Upside | Unlock | 28.5% | 6.2% | Unlock |