Virtu Financial LLC Invests $848,000 in Enovix Corporation $ENVX

Virtu Financial LLC purchased a new stake in Enovix Corporation (NASDAQ:ENVX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 116,064 shares of the company’s stock, valued at approximately $848,000.

A number of other large investors have also made changes to their positions in the company. Caitlin John LLC acquired a new stake in Enovix during the 3rd quarter worth $27,000. Parallel Advisors LLC grew its stake in Enovix by 51.9% in the third quarter. Parallel Advisors LLC now owns 3,926 shares of the company’s stock valued at $39,000 after acquiring an additional 1,342 shares during the period. CWM LLC grew its stake in Enovix by 95.4% in the fourth quarter. CWM LLC now owns 6,081 shares of the company’s stock valued at $44,000 after acquiring an additional 2,969 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Enovix in the third quarter valued at about $80,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Enovix in the fourth quarter worth about $72,000. Institutional investors own 50.92% of the company’s stock.

Enovix Price Performance

Shares of Enovix stock opened at $7.08 on Monday. The business’s 50 day simple moving average is $6.81 and its 200 day simple moving average is $6.73. Enovix Corporation has a 52-week low of $4.61 and a 52-week high of $16.49. The firm has a market cap of $1.54 billion, a PE ratio of -8.53 and a beta of 2.27. The company has a debt-to-equity ratio of 2.14, a quick ratio of 10.65 and a current ratio of 10.97.

Enovix (NASDAQ:ENVX) last released its earnings results on Wednesday, May 13th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.01. Enovix had a negative return on equity of 64.28% and a negative net margin of 499.64%.The firm had revenue of $7.60 million for the quarter, compared to analysts’ expectations of $6.95 million. During the same quarter in the previous year, the business posted ($0.15) EPS. The business’s quarterly revenue was up 49.1% compared to the same quarter last year. Enovix has set its Q2 2026 guidance at -0.170–0.130 EPS. On average, analysts predict that Enovix Corporation will post -0.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ENVX shares. TD Cowen reaffirmed a “buy” rating on shares of Enovix in a research report on Thursday, May 14th. Wells Fargo & Company set a $6.00 price objective on Enovix in a research report on Thursday, March 12th. JPMorgan Chase & Co. cut Enovix from a “neutral” rating to an “underweight” rating in a research note on Wednesday, May 6th. B. Riley Financial dropped their target price on shares of Enovix from $17.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Finally, Benchmark cut their price target on shares of Enovix from $25.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Seven 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.64.

About Enovix

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.