Enovix Corporation (ENVX)
NASDAQ:ENVX
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ENVX Stock Chart & Stats
$6.62
-$1.46(-10.19%)
At close: 4:00 PM EST
$6.62
-$1.46(-10.19%)
Day’s Range― - ―
52-Week Range$4.62 - $16.49
Previous CloseN/A
Volume5.60M
Average Volume (3M)7.88M
Market Cap
$1.45B
Enterprise Value-$66.67B
Total Cash (Recent Filing)$528.74M
Total Debt (Recent Filing)$540.50M
Price to Earnings (P/E)―
Beta2.36
Next Earnings
Aug 12, 2026EPS Estimate
-0.15Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.82
Shares Outstanding218,153,440
10 Day Avg. Volume7,231,414
30 Day Avg. Volume7,882,277
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)5.83
Price to Sales (P/S)49.72
P/FCF Ratio-13.94
Enterprise Value/Market Cap-45.89
Enterprise Value/Revenue-1.94K
Enterprise Value/Gross Profit3.99K
Enterprise Value/Ebitda607.79
Forecast
1Y Price Target
$12.86Price Target Upside94.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)-0.56
Revenue Forecast (FY)$40.46M
Bulls Say, Bears Say
Bulls Say
Product Technology AdvantageDemonstrated >20% volumetric energy density improvement for AI2 versus prior generation is a durable product advantage. Higher energy density supports smaller, lighter devices and broadens addressable markets (smartphones, eyewear, drones), improving differentiation and long-term pricing power as volumes scale.
Revenue Growth And Margin ImprovementSustained double‑digit revenue growth and a multi‑quarter shift to positive gross profit indicate improving unit economics and manufacturing learning. This trend supports scalable margins over time as volumes ramp and fixed costs spread, reducing structural reliance on one‑time fixes for profitability.
Strong Liquidity RunwayA large cash position (~$582.7M) provides a meaningful buffer to fund commercialization, capex for capacity expansion, and extended customer qualification cycles. This liquidity reduces near‑term financing pressure and gives management flexibility to execute strategic commercialization steps.
Bears Say
Persistent Operating LossesLarge and recurring operating losses mean the company remains structurally unprofitable despite margin gains. Persistent negative EBITDA will require sustained external funding or rapid margin expansion to reach self‑funding status, constraining long‑term return prospects until fixed costs are absorbed by higher volumes.
Ongoing Cash BurnMaterial free cash outflows and large TTM cash burn erode liquidity over time and increase reliance on financing. Even with a large cash balance, persistent negative operating cash flow elevates dilution and refinancing risk if commercial ramps or margin improvements slip versus plan.
Manufacturing Throughput BottleneckA step‑level dicing bottleneck at ~80% yield limits capacity and raises per‑unit costs until mechanical dicing is fully implemented. This structural production constraint can delay customer qualification ramps, restrict revenue scalability, and compress margins during critical commercialization phases.
Enovix News
ENVX FAQ
What was Enovix Corporation’s price range in the past 12 months?
Enovix Corporation lowest stock price was $4.62 and its highest was $16.49 in the past 12 months.
What is Enovix Corporation’s market cap?
Enovix Corporation’s market cap is $1.45B.
When is Enovix Corporation’s upcoming earnings report date?
Enovix Corporation’s upcoming earnings report date is Aug 12, 2026 which is in 58 days.
How were Enovix Corporation’s earnings last quarter?
Enovix Corporation released its earnings results on May 13, 2026. The company reported -$0.14 earnings per share for the quarter, beating the consensus estimate of -$0.155 by $0.015.
Is Enovix Corporation overvalued?
According to Wall Street analysts Enovix Corporation’s price is currently Undervalued.
Does Enovix Corporation pay dividends?
Enovix Corporation does not currently pay dividends.
What is Enovix Corporation’s EPS estimate?
Enovix Corporation’s EPS estimate is -0.15.
How many shares outstanding does Enovix Corporation have?
Enovix Corporation has 218,153,440 shares outstanding.
What happened to Enovix Corporation’s price movement after its last earnings report?
Enovix Corporation reported an EPS of -$0.14 in its last earnings report, beating expectations of -$0.155. Following the earnings report the stock price went down -13.58%.
Which hedge fund is a major shareholder of Enovix Corporation?
Currently, no hedge funds are holding shares in ENVX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Enovix Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$12.86 (94.22% Upside)
$12.86 (94.22% Upside)
Blogger Sentiment
Neutral
ENVX Sentiment 50%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 10.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 0.4%
Last 30 Days ▲ 3.0%
Last 30 Days ▲ 3.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-23.00%
12-Months-Change
Fundamentals
Return on Equity
-0.28%
Trailing 12-Months
Asset Growth
67.10%
Trailing 12-Months
Company Description
Enovix Corporation
Founded in 2007 and based in Fremont, California, Enovix Corporation specializes in the innovation, development, and production of lithium-ion battery technology.
ENVX Company Deck
ENVX Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call highlights meaningful commercialization and technical milestones (commercial production of A1, AI2 samples with >20% energy density gains, MX1 drone cell, alignment with smartphone OEMs on qualification framework), strong YoY revenue growth (+49%), improving manufacturing yields and a robust cash position (~$582.7M). Key challenges remain: operating losses and negative EBITDA, Q1 free cash outflow, a current zone dicing throughput bottleneck (yield ~80%) pending mechanical dicer implementation, and potentially longer smartphone qualification timelines due to slower but more realistic 0.1–0.2C testing. Overall, the progress on product readiness, customer engagement and manufacturing improvements, together with a solid liquidity position, outweighs the near-term financial and operational headwinds, supporting a constructive outlook.View all ENVX earnings summariesENVX Stock 12 Month Forecast
Average Price Target
$12.86
▲(94.22% Upside)
Technical Analysis
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Ownership Overview
12.82% Insiders
11.44% Mutual Funds
10.81% Other Institutional Investors
51.54% Public Companies and Individual Investors