Brokerages Set Enovix Corporation (NASDAQ:ENVX) Target Price at $12.64

Enovix Corporation (NASDAQ:ENVX) has earned an average recommendation of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $12.6364.

A number of brokerages have recently weighed in on ENVX. JPMorgan Chase & Co. cut shares of Enovix from a “neutral” rating to an “underweight” rating in a research note on Wednesday, May 6th. Wells Fargo & Company set a $6.00 price objective on shares of Enovix in a research note on Thursday, March 12th. TD Cowen reissued a “buy” rating on shares of Enovix in a research note on Thursday. B. Riley Financial dropped their price objective on shares of Enovix from $17.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Finally, Craig Hallum dropped their price objective on shares of Enovix from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, May 14th.

Institutional Trading of Enovix

Hedge funds have recently bought and sold shares of the company. Jupiter Asset Management Ltd. acquired a new stake in Enovix during the third quarter worth approximately $2,465,000. Granahan Investment Management LLC boosted its position in Enovix by 17.5% during the third quarter. Granahan Investment Management LLC now owns 1,749,649 shares of the company’s stock worth $17,444,000 after acquiring an additional 260,085 shares during the last quarter. DNB Asset Management AS boosted its position in Enovix by 378.6% during the third quarter. DNB Asset Management AS now owns 210,748 shares of the company’s stock worth $2,101,000 after acquiring an additional 166,712 shares during the last quarter. Blair William & Co. IL boosted its position in Enovix by 49.4% during the third quarter. Blair William & Co. IL now owns 476,450 shares of the company’s stock worth $4,750,000 after acquiring an additional 157,452 shares during the last quarter. Finally, Fred Alger Management LLC boosted its position in Enovix by 9.4% during the third quarter. Fred Alger Management LLC now owns 1,442,986 shares of the company’s stock worth $14,387,000 after acquiring an additional 123,814 shares during the last quarter. Institutional investors and hedge funds own 50.92% of the company’s stock.

Enovix Stock Down 2.9%

ENVX opened at $5.93 on Friday. The business’s fifty day moving average is $5.84 and its two-hundred day moving average is $7.03. 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 company has a market cap of $1.29 billion, a price-to-earnings ratio of -7.14 and a beta of 2.24. Enovix has a one year low of $4.61 and a one year high of $16.49.

Enovix (NASDAQ:ENVX) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.14) earnings per share 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 business had revenue of $7.60 million during the quarter, compared to analysts’ expectations of $6.95 million. During the same period last year, the company posted ($0.15) EPS. The company’s revenue was up 49.1% on a year-over-year basis. Enovix has set its Q2 2026 guidance at -0.170–0.130 EPS. Analysts anticipate that Enovix will post -0.81 EPS for the current fiscal year.

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.