Enovix (NASDAQ:ENVX – Get Free Report) issued an update on its second quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of -0.170–0.130 for the period, compared to the consensus EPS estimate of -0.160. The company issued revenue guidance of $8.0 million-$9.0 million, compared to the consensus revenue estimate of $8.5 million.
Enovix Trading Up 4.6%
Enovix stock opened at $7.29 on Thursday. The company has a 50 day moving average price of $5.78 and a 200 day moving average price of $7.15. Enovix has a 52 week low of $4.61 and a 52 week high of $16.49. The company has a debt-to-equity ratio of 1.90, a quick ratio of 8.13 and a current ratio of 8.34. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of -9.47 and a beta of 2.24.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on ENVX shares. JPMorgan Chase & Co. lowered shares of Enovix from a “neutral” rating to an “underweight” rating in a research note on Wednesday, May 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Enovix in a research note on Friday, April 10th. Craig Hallum decreased their target price on shares of Enovix from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday. TD Cowen decreased their target price on shares of Enovix from $7.50 to $7.00 and set a “hold” rating for the company in a research note on Thursday. Finally, B. Riley Financial decreased their target price on shares of Enovix from $17.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.82.
Institutional Trading of Enovix
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ENVX. Millennium Management LLC boosted its position in Enovix by 1,038.9% in the third quarter. Millennium Management LLC now owns 1,476,879 shares of the company’s stock valued at $14,724,000 after buying an additional 1,347,200 shares in the last quarter. Two Sigma Investments LP boosted its position in Enovix by 9,197.1% in the third quarter. Two Sigma Investments LP now owns 1,200,997 shares of the company’s stock valued at $11,974,000 after buying an additional 1,188,079 shares in the last quarter. Barclays PLC boosted its position in Enovix by 263.1% in the fourth quarter. Barclays PLC now owns 1,551,941 shares of the company’s stock valued at $11,345,000 after buying an additional 1,124,480 shares in the last quarter. Electron Capital Partners LLC boosted its position in Enovix by 13.8% in the third quarter. Electron Capital Partners LLC now owns 8,038,396 shares of the company’s stock valued at $80,143,000 after buying an additional 972,103 shares in the last quarter. Finally, Fred Alger Management LLC boosted its position in Enovix by 58.9% in the fourth quarter. Fred Alger Management LLC now owns 2,292,315 shares of the company’s stock valued at $16,757,000 after buying an additional 849,329 shares in the last quarter. Institutional investors own 50.92% of the company’s stock.
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.
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