Enovix Corporation (NASDAQ:ENVX) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of Enovix Corporation (NASDAQ:ENVX) have been given a consensus rating of “Moderate Buy” by the twelve analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $11.77.

Several analysts recently issued reports on the stock. Craig Hallum set a $7.00 price objective on shares of Enovix in a research note on Thursday, August 13th. B. Riley Financial decreased their target price on shares of Enovix from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Bank of America restated a “neutral” rating and set a $5.00 target price on shares of Enovix in a report on Monday, August 17th. Wall Street Zen upgraded Enovix from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 12th. Finally, TD Cowen cut their price target on Enovix from $7.00 to $5.50 and set a “hold” rating for the company in a report on Friday, July 24th.

Enovix Stock Performance

ENVX opened at $2.96 on Friday. The firm has a fifty day moving average price of $3.71 and a 200 day moving average price of $5.28. Enovix has a 1 year low of $2.79 and a 1 year high of $14.21. The stock has a market cap of $649.57 million, a P/E ratio of -3.65 and a beta of 2.31. The company has a debt-to-equity ratio of 2.46, a current ratio of 9.71 and a quick ratio of 9.37.

Enovix (NASDAQ:ENVX) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The company had revenue of $9.02 million for the quarter, compared to the consensus estimate of $8.43 million. Enovix had a negative return on equity of 64.50% and a negative net margin of 473.89%.Enovix’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.13) earnings per share. Enovix has set its Q3 2026 guidance at -0.170–0.130 EPS. Equities research analysts anticipate that Enovix will post -0.8 earnings per share for the current year.

Hedge Funds Weigh In On Enovix

Hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC acquired a new position in shares of Enovix in the second quarter valued at approximately $61,000. Engineers Gate Manager LP lifted its holdings in Enovix by 132.4% during the 2nd quarter. Engineers Gate Manager LP now owns 51,281 shares of the company’s stock worth $311,000 after buying an additional 29,214 shares in the last quarter. HB Wealth Management LLC boosted its position in Enovix by 99.5% in the 2nd quarter. HB Wealth Management LLC now owns 30,664 shares of the company’s stock valued at $186,000 after buying an additional 15,294 shares during the period. AXQ Capital LP boosted its position in Enovix by 249.5% in the 2nd quarter. AXQ Capital LP now owns 118,115 shares of the company’s stock valued at $717,000 after buying an additional 84,322 shares during the period. Finally, Headlands Technologies LLC grew its stake in shares of Enovix by 231.6% in the second quarter. Headlands Technologies LLC now owns 301,781 shares of the company’s stock worth $1,832,000 after acquiring an additional 210,782 shares in the last quarter. 50.92% of the stock is currently owned by hedge funds and other institutional investors.

Enovix Company Profile

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.