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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)6.71M
Market Cap
$1.23B
Enterprise Value$1.91B
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. Volume5,389,738
30 Day Avg. Volume6,710,825
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 Cap1.56
Enterprise Value/Revenue55.68
Enterprise Value/Gross Profit-114.50
Enterprise Value/Ebitda-17.42
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
Strong LiquidityA ~ $582.7M cash position provides a durable runway to fund commercialization, capacity build-out and engineering qualification without immediate reliance on capital markets. This liquidity reduces near-term financing risk and supports multi-quarter product ramps and mechanical dicer rollout until operations approach break-even.
Revenue Growth & Improving Gross MarginsSustained double-digit revenue growth from a small base combined with a multi-quarter shift to positive gross profit signals improving unit economics and production yields. If sustained, this trend creates the foundation for operating leverage and eventual scalability, enabling margins to expand as volumes ramp across device segments.
Commercialization & Customer ValidationStarting commercial shipments and alignment on a silicon-specific qualification framework with smartphone OEMs represent structural steps from R&D to repeatable revenue. Customer validation and sample energy-density improvements (>20% for AI2) materially raise the odds of multi-year supply relationships across smartphones, eyewear, drones and defense markets.
Bears Say
Persistent Operating LossesMaterial operating losses relative to nascent revenue demonstrate the company remains far from operating profitability. Continued high R&D and SG&A spending means returns on incremental revenue are negative today, increasing the reliance on sustained top-line acceleration and margin improvement to avoid recurring dilutive financing or structural cost cuts.
Negative Cash Flow & Cash BurnConsistent negative operating and free cash flow implies the business consumes cash to fund operations and inventory buildup. Even with a large cash balance, persistent burn raises the probability of future financing or asset sales if commercial ramps or margin improvements stall, making sustained cash-generation improvement a critical structural requirement.
Manufacturing Bottleneck & Lengthened Qualification TimelinesA persistent ~80% yield at a key dicing step constrains throughput and raises unit costs until mechanical dicing is fully implemented. Coupled with adoption of slower 0.1–0.2C qualification tests, these operational and timing frictions can delay meaningful smartphone and high-volume ramps, extending the time required to achieve scale economies.
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 $1.23B.
When is Enovix Corporation’s upcoming earnings report date?
Enovix Corporation’s upcoming earnings report date is Aug 12, 2026 which is in 35 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
Underperform
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7
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9
10
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 64%
Sector Average 64%
Hedge Fund Trend
Decreased
By 10.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.7%
Last 30 Days ▲ 0.4%
Last 30 Days ▲ 0.4%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-50.65%
12-Months-Change
Fundamentals
Return on Equity
-67.92%
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
12.90% Insiders
11.36% Mutual Funds
10.81% Other Institutional Investors
50.98% Public Companies and Individual Investors