Jupiter Asset Management Ltd. Boosts Stock Position in Enovix Corporation $ENVX

Jupiter Asset Management Ltd. boosted its stake in shares of Enovix Corporation (NASDAQ:ENVX) by 117.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 538,190 shares of the company’s stock after buying an additional 290,916 shares during the period. Jupiter Asset Management Ltd.’s holdings in Enovix were worth $3,934,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Caitlin John LLC purchased a new stake in shares of Enovix in the third quarter worth $27,000. Parallel Advisors LLC raised its position in shares of Enovix by 51.9% in the 3rd quarter. Parallel Advisors LLC now owns 3,926 shares of the company’s stock worth $39,000 after purchasing an additional 1,342 shares during the last quarter. CWM LLC boosted its stake in Enovix by 95.4% in the 4th quarter. CWM LLC now owns 6,081 shares of the company’s stock worth $44,000 after purchasing an additional 2,969 shares in the last quarter. Bowman & Co S.C. purchased a new stake in Enovix during the 4th quarter valued at about $73,000. Finally, Wealthfront Advisers LLC purchased a new stake in Enovix during the 4th quarter valued at about $79,000. Hedge funds and other institutional investors own 50.92% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ENVX. Oppenheimer decreased their target price on shares of Enovix from $24.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. JPMorgan Chase & Co. cut shares of Enovix from a “neutral” rating to an “underweight” rating in a report on Wednesday, May 6th. Wells Fargo & Company set a $6.00 price objective on shares of Enovix in a report on Thursday, March 12th. Benchmark lowered their price objective on Enovix from $25.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Finally, B. Riley Financial reduced their target price on Enovix from $17.00 to $10.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.64.

Enovix Price Performance

ENVX opened at $7.98 on Friday. The company’s 50-day simple moving average is $6.19 and its two-hundred day simple moving average is $6.79. The company has a debt-to-equity ratio of 2.14, a quick ratio of 10.65 and a current ratio of 10.97. The stock has a market capitalization of $1.74 billion, a P/E ratio of -9.61 and a beta of 2.24. Enovix Corporation has a 52-week low of $4.61 and a 52-week high of $16.49.

Enovix (NASDAQ:ENVX) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. Enovix had a negative net margin of 499.64% and a negative return on equity of 64.28%. The firm had revenue of $7.60 million during the quarter, compared to analyst estimates of $6.95 million. During the same period in the previous year, the business posted ($0.15) earnings per share. The business’s revenue for the quarter was up 49.1% on a year-over-year basis. Enovix has set its Q2 2026 guidance at -0.170–0.130 EPS. As a group, analysts predict that Enovix Corporation will post -0.81 EPS for the current year.

Enovix Profile

Enovix Corporation (NASDAQ: ENVX) develops and manufactures advanced lithium-ion battery cells with a patented three-dimensional silicon-anode architecture. The company’s core focus is on delivering high energy density, improved safety, and longer cycle life compared to conventional graphite-based cells. Enovix’s technology targets a range of applications, including consumer electronics, wearable devices, electric vehicles and stationary energy storage systems.

Founded in 2011 and headquartered in Fremont, California, Enovix has built pilot production capability and is scaling up manufacturing capacity to meet growing demand.