Enovix Corp Stock Analysis

ENVX Stock  USD 11.76  0.48  4.26%   
The main objective of Enovix Corp stock analysis is to determine its intrinsic value, which is an estimate of what Enovix Corp is worth, separate from its market price. There are two main types of Enovix Corp's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Enovix Corp's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Enovix Corp's stock to identify patterns and trends that may indicate its future price movements.
The Enovix Corp stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Enovix Corp is usually not traded on Juneteenth Holiday, Independence Day, Labour Day, Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day. Enovix Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Enovix Corp's ongoing operational relationships across important fundamental and technical indicators.
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.

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 Quarterly Total Revenue


Enovix Corp Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Enovix Corp's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Enovix Corp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Enovix Corp generated a negative expected return over the last 90 days
Enovix Corp has high historical volatility and very poor performance
Enovix Corp has high likelihood to experience some financial distress in the next 2 years
The company reported the previous year's revenue of 6.2 M. Net Loss for the year was (51.62 M) with loss before overhead, payroll, taxes, and interest of (17.04 M).
Enovix Corp currently holds about 384.73 M in cash with (82.74 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.45.
Enovix Corp has a frail financial position based on the latest SEC disclosures
Roughly 16.0% of the company shares are held by company insiders
Latest headline from fool.com: Why Shares of Enovix Powered 24.2 percent Higher in November

Enovix Corp Upcoming and Recent Events

Earnings reports are used by Enovix Corp to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Enovix Corp previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
28th of February 2024
Upcoming Quarterly Report
24th of April 2024
Next Financial Report
31st of December 2023
Next Fiscal Quarter End
28th of February 2024
Next Fiscal Year End
30th of September 2023
Last Quarter Report
31st of December 2022
Last Financial Announcement

Enovix Largest EPS Surprises

Earnings surprises can significantly impact Enovix Corp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Fiscal Date
Estimated EPS
Reported EPS
View All Earnings Estimates

Enovix Corp SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Enovix Corp prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Enovix Corp investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Enovix Corp specific information freely available to individual and institutional investors to make a timely investment decision.
7th of November 2023
Financial Statements and Exhibits. Results of Operations and Financial Condition
3rd of October 2023
Results of Operations and Financial Condition
28th of September 2023
Financial Statements and Exhibits. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
20th of September 2023
Financial Statements and Exhibits. Other Events. Unregistered Sales of Equity Securities. Entry into a Material Definitive Agreement
14th of September 2023
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Entry into a Material Definitive Agreement
26th of July 2023
Financial Statements and Exhibits. Results of Operations and Financial Condition. Entry into a Material Definitive Agreement
29th of June 2023
Financial Statements and Exhibits. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
26th of June 2023
Financial Statements and Exhibits. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Enovix Corp Thematic Classifications

In addition to having Enovix Corp stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Electrical Equipment Idea
Electrical Equipment
USA Equities from Electrical Equipment industry as classified by Fama & French

Enovix Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Enovix Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Enovix Corp backward and forwards among themselves. Enovix Corp's institutional investor refers to the entity that pools money to purchase Enovix Corp's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Granahan Investment Management Inc..2023-09-30
1.8 M
Gilder Gagnon Howe & Co Llc2023-09-30
1.4 M
Citadel Advisors Llc2023-09-30
1.4 M
Mirae Asset Global Investments (korea) Co Ltd2023-09-30
1.3 M
Northern Trust Corp2023-09-30
1.3 M
Masters Capital Management Llc2023-09-30
1.1 M
Goldman Sachs Group Inc2023-09-30
Charles Schwab Investment Management Inc2023-09-30
Point72 Asset Management, L.p.2023-09-30
875.2 K
Vanguard Group Inc2023-09-30
12.4 M
Blackrock Inc2023-09-30
9.1 M
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

Enovix Corp's profitability indicators refer to fundamental financial ratios that showcase Enovix Corp's ability to generate income relative to its revenue or operating costs. If, let's say, Enovix Corp is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Enovix Corp's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Enovix Corp's profitability requires more research than a typical breakdown of Enovix Corp's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
Last ReportedProjected for 2023
Return on Average Assets(0.11)(0.57)
Return on Average Equity(0.13) 0.39 
Return on Invested Capital(0.57)(1.46)
Return on Sales(8.25)(8.90)

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
Last ReportedProjected for 2023
Book Value per Share 2.33  1.46 
Enterprise Value over EBIT(28.00)(18.95)
Enterprise Value over EBITDA(33.02)(21.89)
Price to Book Value 5.48  7.74 
Tangible Assets Book Value per Share 2.88  1.94 
Enterprise Value1.6 BB
Tangible Asset Value440.6 M266.1 M
The analysis of Enovix Corp's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Enovix Corp's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Enovix Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.

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

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Enovix Corp Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Enovix Corp insiders, such as employees or executives, is commonly permitted as long as it does not rely on Enovix Corp's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Enovix Corp insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

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.

About Enovix Stock Analysis

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.
Last ReportedProjected for 2023
EBITDA Margin(7.09)(7.65)
Gross Margin(2.47)(2.67)
Profit Margin(7.49)(8.08)

Current Enovix Analysis - Recommendations

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.
Target PriceAdvice# of Analysts
Enovix Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Enovix analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Enovix stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Enovix Corp, talking to its executives and customers, or listening to Enovix conference calls.
Enovix Analyst Advice Details

Enovix Stock Analysis Indicators

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.
Begin Period Cash Flow385.4 M
Common Stock Shares Outstanding154.1 M
Total Stockholder Equity356.4 M
Total Cashflows From Investing Activities-36.2 M
Capital Lease Obligations8.2 M
Property Plant And Equipment Net110 M
Cash And Short Term Investments322.9 M
Cash322.9 M
Accounts Payable7.1 M
Net Debt-314.6 M
50 Day M A10.6918
Net Interest Income5.2 M
Total Current Liabilities23 M
Other Operating Expenses133.3 M
Non Current Assets Total110.9 M
Common Stock Total Equity15 K
Liabilities And Stockholders Equity440.6 M
Non Currrent Assets Other937 K
Stock Based Compensation30.4 M
When determining whether Enovix Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enovix Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enovix Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enovix Corp Stock:
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.

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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.
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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.
Earnings Share
Revenue Per Share
Quarterly Revenue Growth
Return On Assets
Return On Equity
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.