Enovix Corporation (NASDAQ:ENVX) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Enovix Corporation (NASDAQ:ENVX) have earned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $11.7727.

A number of equities analysts recently issued reports on ENVX shares. TD Cowen reduced their target price on Enovix from $7.00 to $5.50 and set a “hold” rating for the company in a research note on Friday, July 24th. Benchmark dropped their price target on Enovix from $25.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Wall Street Zen lowered Enovix from a “sell” rating to a “strong sell” rating in a report on Saturday. William Blair cut Enovix from an “outperform” rating to a “market perform” rating in a research note on Monday, August 17th. Finally, B. Riley Financial decreased their target price on Enovix from $10.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, August 13th.

Enovix Stock Performance

Shares of Enovix stock opened at $3.38 on Monday. The company has a current ratio of 9.71, a quick ratio of 9.37 and a debt-to-equity ratio of 2.46. Enovix has a 12-month low of $3.06 and a 12-month high of $14.21. The firm has a market capitalization of $741.74 million, a price-to-earnings ratio of -4.17 and a beta of 2.32. The firm’s 50 day simple moving average is $4.99 and its two-hundred day simple moving average is $5.73.

Enovix (NASDAQ:ENVX) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The business had revenue of $9.02 million during the quarter, compared to analysts’ expectations of $8.43 million. Enovix had a negative net margin of 473.89% and a negative return on equity of 64.50%. The business’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.13) earnings per share. Enovix has set its Q3 2026 guidance at -0.170–0.130 EPS. Analysts predict that Enovix will post -0.78 EPS for the current year.

Institutional Trading of Enovix

Several institutional investors and hedge funds have recently bought and sold shares of ENVX. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Enovix in the 4th quarter valued at $30,000. Parallel Advisors LLC raised its holdings in shares of Enovix by 51.9% during the third 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 raised its holdings in shares of Enovix by 95.4% during the fourth quarter. CWM LLC now owns 6,081 shares of the company’s stock worth $44,000 after purchasing an additional 2,969 shares during the last quarter. Calamos Advisors LLC acquired a new position in Enovix during the first quarter valued at $60,000. Finally, Gateway Wealth Partners LLC purchased a new stake in Enovix in the first quarter valued at $68,000. 50.92% of the stock is currently owned by institutional investors and hedge funds.

Enovix Company 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.