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Enovix Corp (ENVX)

NASDAQ
Currency in USD
8.98
-0.12(-1.32%)
Closed
After Hours
8.980.00(0.00%)
ENVX Scorecard
Full Analysis
Holds more cash than debt on its balance sheet
Fair Value
Day's Range
8.959.28
52 wk Range
5.7018.68
Key Statistics
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Prev. Close
9.1
Open
9.1
Day's Range
8.95-9.28
52 wk Range
5.7-18.68
Volume
3.03M
Average Volume (3m)
5.79M
1-Year Change
-35.95%
Book Value / Share
0.95
Fair Value
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Fair Value Upside
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ENVX Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
27.25
Upside
+203.45%
Members' Sentiments
Bearish
Bullish
ProTips
Analysts anticipate sales growth in the current year
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Enovix Corp Company Profile

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.

Enovix Corp SWOT Analysis


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.
Read full SWOT analysis
ENVX Full Pro Research
Institutional-Grade Stock Analysis
Understand how ENVX earns money
Financial health at a glance
Bearish and bullish outlooks
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Actionable Pro Tips, and many more...
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Enovix Corp Earnings Call Summary for Q4/2024

  • Q3 revenue at $4.3M, up 13% sequentially; Q4 guidance $8-10M; non-GAAP EBITDA loss $21.6M; $200M cash on hand
  • Fab2 in Malaysia operational; agreement with major smartphone OEM for EX-2M battery qualification; IoT market entry planned
  • Collaboration with Group14 for anode materials; multiple suppliers for battery production; production ramp-up expected late 2025
  • First production line targets $90M revenue at full capacity; second line planned based on demand; $80-90M CapEx for auto line
  • Engaging top smartphone OEMs; smart glass market potential of 20-30M units; preparing for future capital needs through 2026
Last Updated: 01/11/2024, 12:02 am
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Compare ENVX to Peers and Sector

Metrics to compare
ENVX
Peers
Sector
Relationship
P/E Ratio
−6.9x−1.1x11.8x
PEG Ratio
0.54−0.020.03
Price/Book
10.1x1.2x1.4x
Price / LTM Sales
81.6x1.2x1.2x
Upside (Analyst Target)
116.9%73.9%20.5%
Fair Value Upside
Unlock28.5%6.2%Unlock

Analysts' Recommendations

11 Buy
2 Hold
0 Sell
Ratings:
12 analysts
Overall Consensus
Strong Buy

Analysts 12-Month Price Target:

Average 27.25

(+203.45% Upside)

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FAQ

What Is the Enovix (ENVX) Stock Price Today?

The Enovix stock price today is 8.98

What Stock Exchange Does Enovix Trade On?

Enovix is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Enovix?

The stock symbol for Enovix is "ENVX."

What Is the Enovix Market Cap?

As of today, Enovix market cap is 1.69B.

What is Enovix Earnings Per Share?

The Enovix EPS is -1.44.

What Is the Next Enovix Earnings Date?

Enovix will release its next earnings report on 18 Feb 2025.

From a Technical Analysis Perspective, Is ENVX a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.
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