Enovix Corporation (NASDAQ:ENVX) Given Average Rating of “Moderate Buy” by Analysts

by · The Markets Daily

Enovix Corporation (NASDAQ:ENVX – Get Free Report) has been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $11.7727.

ENVX has been the subject of a number of research analyst reports. Bank of America reaffirmed a “neutral” rating and issued a $5.00 target price on shares of Enovix in a research report on Monday, August 17th. Wall Street Zen raised Enovix from a “strong sell” rating to a “sell” rating in a report on Saturday, September 12th. William Blair downgraded Enovix from an “outperform” rating to a “market perform” rating in a research note on Monday, August 17th. Cantor Fitzgerald restated an “overweight” rating and issued a $25.00 price target on shares of Enovix in a research note on Thursday, August 13th. Finally, B. Riley Financial cut their price objective on Enovix from $10.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, August 13th.

Get Our Latest Stock Report on Enovix

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ENVX. BlackRock Inc. bought a new position in shares of Enovix in the 2nd quarter worth approximately $100,054,000. Granahan Investment Management LLC boosted its holdings in shares of Enovix by 12.3% in the fourth quarter. Granahan Investment Management LLC now owns 1,964,565 shares of the company’s stock worth $14,361,000 after buying an additional 214,916 shares during the last quarter. CenterBook Partners LP grew its position in Enovix by 66.1% during the fourth quarter. CenterBook Partners LP now owns 1,757,382 shares of the company’s stock valued at $12,846,000 after buying an additional 699,519 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Enovix during the second quarter valued at approximately $8,689,000. Finally, Bank of America Corp DE purchased a new stake in Enovix during the second quarter valued at approximately $8,356,000. 50.92% of the stock is owned by hedge funds and other institutional investors.

Enovix Stock Performance

Shares of NASDAQ ENVX opened at $2.94 on Friday. The firm’s 50-day moving average price is $3.91 and its 200-day moving average price is $5.36. Enovix has a 52-week low of $2.85 and a 52-week high of $14.21. The company has a market cap of $645.18 million, a PE ratio of -3.63 and a beta of 2.31. The company has a quick ratio of 9.37, a current ratio of 9.71 and a debt-to-equity ratio of 2.46.

Enovix (NASDAQ:ENVX – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.02. The firm 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 firm’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.13) earnings per share. Enovix has set its Q3 2026 guidance at -0.170–0.130 EPS. As a group, analysts anticipate that Enovix will post -0.8 EPS for the current year.

About Enovix

(Get Free Report)

Enovix Corporation (NASDAQ: ENVX) is a battery technology company developing lithium-ion batteries with silicon-anode materials and a proprietary three-dimensional cell architecture. Its design is intended to increase energy density while maintaining safety and durability for applications that require compact, high-performance energy storage.

The company’s battery platform incorporates a silicon anode, a stainless-steel constraint system and its BrakeFlow technology, which is designed to help prevent thermal runaway from spreading within a battery pack.

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