Headlands Technologies LLC grew its holdings in Enovix Corporation (NASDAQ:ENVX – Free Report) by 231.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 301,781 shares of the company’s stock after acquiring an additional 210,782 shares during the quarter. Headlands Technologies LLC owned 0.14% of Enovix worth $1,832,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of ENVX. Parallel Advisors LLC increased its position in Enovix by 51.9% during the third quarter. Parallel Advisors LLC now owns 3,926 shares of the company’s stock worth $39,000 after acquiring an additional 1,342 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Enovix in the 4th quarter valued at $30,000. CWM LLC boosted its holdings in Enovix by 95.4% in the 4th quarter. CWM LLC now owns 6,081 shares of the company’s stock valued at $44,000 after purchasing an additional 2,969 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Enovix in the 3rd quarter worth $80,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Enovix in the 3rd quarter worth $100,000. Institutional investors and hedge funds own 50.92% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently commented on ENVX shares. Loop Capital raised shares of Enovix to a “strong-buy” rating in a research report on Monday, August 17th. Craig Hallum set a $7.00 target price on Enovix in a research report on Thursday, August 13th. Canaccord Genuity Group lowered their price target on Enovix from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. B. Riley Financial cut their price target on Enovix from $10.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Finally, Oppenheimer reduced their price objective on Enovix from $24.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.77.
Enovix Trading Up 0.6%
Shares of ENVX stock opened at $3.38 on Tuesday. The firm has a fifty day moving average of $4.57 and a 200-day moving average of $5.61. The stock has a market cap of $741.74 million, a price-to-earnings ratio of -4.17 and a beta of 2.32. Enovix Corporation has a 52-week low of $3.06 and a 52-week high of $14.21. The company has a debt-to-equity ratio of 2.46, a quick ratio of 9.37 and a current ratio of 9.71.
Enovix (NASDAQ:ENVX – Get Free Report) last issued its earnings results 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 business had revenue of $9.02 million for the quarter, compared to analyst estimates 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 revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.13) EPS. Enovix has set its Q3 2026 guidance at -0.170–0.130 EPS. On average, equities research analysts forecast that Enovix Corporation will post -0.8 earnings per share for the current fiscal year.
Enovix Profile
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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