Enovix Corp Stock Analysis

Enovix Stock Analysis Notes

About 16.0% of the company shares are held by company insiders. The company recorded a loss per share of 1.27. Enovix Corp had not issued any dividends in recent years. Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California. Enovix Corp operates under Electrical Equipment Parts classification in the United States and is traded on NASDAQ Exchange. It employs 215 people. To learn more about Enovix Corp call Harrold Rust at 510 695 2350 or check out https://www.enovix.com.

Enovix Corp Investment Alerts

Enovix Corp Upcoming and Recent Events

Enovix Largest EPS Surprises

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Enovix Corp SEC Filings

Enovix Corp Thematic Classifications

Enovix Stock Institutional Investors

Note, although Enovix Corp's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Enovix Market Capitalization

The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.97 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Enovix Corp's market, we take the total number of its shares issued and multiply it by Enovix Corp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Enovix Profitablity

Management Efficiency

Enovix Corp has return on total asset (ROA) of (0.251) % which means that it has lost $0.251 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.5412) %, meaning that it created substantial loss on money invested by shareholders. Enovix Corp's management efficiency ratios could be used to measure how well Enovix Corp manages its routine affairs as well as how well it operates its assets and liabilities. Return on Average Equity is likely to rise to 0.39 in 2023, whereas Return on Average Assets are likely to drop (0.57) in 2023. Total Assets is likely to drop to about 266.1 M in 2023. Current Assets is likely to drop to about 190.9 M in 2023

Technical Drivers

As of the 9th of December, Enovix Corp shows the Standard Deviation of 4.87, mean deviation of 3.48, and Variance of 23.7. Enovix Corp technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate and analyze data for thirteen technical drivers for Enovix Corp, which can be compared to its rivals. Please confirm Enovix Corp variance and skewness to decide if Enovix Corp is priced favorably, providing market reflects its regular price of 11.76 per share. Given that Enovix Corp has information ratio of (0.04), we urge you to verify Enovix Corp's prevailing market performance to make sure the company can sustain itself at a future point.

Enovix Corp Price Movement Analysis

Enovix Corp Insider Trading Activities

Enovix Corp Technical and Predictive Indicators

Enovix Corp Forecast Models

Enovix Corp's time-series forecasting models are one of many Enovix Corp's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Enovix Corp's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Enovix Corp prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Enovix shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Enovix Corp. By using and applying Enovix Stock analysis, traders can create a robust methodology for identifying Enovix entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Enovix analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Enovix analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Enovix Corp stock analysis indicators help investors evaluate how Enovix Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Enovix Corp shares will generate the highest return on investment. By understating and applying Enovix Corp stock analysis, traders can identify Enovix Corp position entry and exit signals to maximize returns.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enovix Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Enovix Stock please use our How to Invest in Enovix Corp guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

When running Enovix Corp's price analysis, check to measure Enovix Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enovix Corp is operating at the current time. Most of Enovix Corp's value examination focuses on studying past and present price action to predict the probability of Enovix Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enovix Corp's price. Additionally, you may evaluate how the addition of Enovix Corp to your portfolios can decrease your overall portfolio volatility.

Is Enovix Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enovix Corp. If investors know Enovix will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enovix Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Enovix Corp is measured differently than its book value, which is the value of Enovix that is recorded on the company's balance sheet. Investors also form their own opinion of Enovix Corp's value that differs from its market value or its book value, called intrinsic value, which is Enovix Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enovix Corp's market value can be influenced by many factors that don't directly affect Enovix Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Enovix Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enovix Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enovix Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.