Enovix Corp Stock Analysis

ENVX Stock  USD 12.46  0.25  2.05%   
Enovix Corp is undervalued with Real Value of 17.0 and Target Price of 32.09. 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.
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 Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day, Thanksgiving Day. Enovix Stock trading window is adjusted to America/New York timezone.
  
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 closely tied with the direction of predictive economic indicators such as signals in real.
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 1.19. 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 is way too risky over 90 days horizon
Enovix Corp appears to be risky and price may revert if volatility continues
The company reported the previous year's revenue of 263 K. Net Loss for the year was (154.09 M) with loss before overhead, payroll, taxes, and interest of (17.04 M).
Enovix Corp currently holds about 384.73 M in cash with (77.41 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.45.
Enovix Corp has a poor financial position based on the latest SEC disclosures
Roughly 16.0% of the company shares are held by company insiders
Latest headline from simplywall.st: Is Enovix Using Too Much Debt

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..
28th of February 2024
Upcoming Quarterly Report
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24th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
28th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
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31st of December 2022
Last Financial Announcement
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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.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2021-11-08
2021-09-30-0.09-0.080.0111 
2023-07-26
2023-06-30-0.22-0.190.0313 
2023-02-22
2022-12-31-0.16-0.19-0.0318 
View All Earnings Estimates

Enovix Corp Environmental, Social, and Governance (ESG) Scores

Enovix Corp's ESG score is a quantitative measure that evaluates Enovix Corp's performance and commitment regarding environmental, social, and governance (ESG) factors. These scores are becoming increasingly crucial in investment decision-making processes, providing insights into non-financial aspects of Enovix Corp's operations that may have significant financial implications and affect Enovix Corp's stock price as well as guide investors towards more socially responsible investments.

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

Shares
Mirae Asset Global Investments (korea) Co Ltd2024-03-31
1.4 M
Masters Capital Management Llc2024-03-31
1.4 M
Northern Trust Corp2024-03-31
1.2 M
Goldman Sachs Group Inc2024-03-31
1.2 M
Charles Schwab Investment Management Inc2024-03-31
1.1 M
Park West Asset Management Llc2024-03-31
1000 K
Wells Fargo & Co2024-03-31
949.1 K
Stifel Financial Corp2024-03-31
909.9 K
Group One Trading, Lp2024-03-31
780.9 K
Vanguard Group Inc2024-03-31
13.1 M
Blackrock Inc2024-03-31
9.8 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 2.12 B.

Enovix Profitablity

Last ReportedProjected for Next Year
Return On Tangible Assets(0.58)(0.55)
Return On Capital Employed(0.43)(0.46)
Return On Assets(0.58)(0.55)
Return On Equity(1.03)(0.98)

Management Efficiency

Enovix Corp has return on total asset (ROA) of (0.2685) % which means that it has lost $0.2685 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.6873) %, 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 Tangible Assets is likely to rise to -0.55 in 2024. Return On Capital Employed is likely to drop to -0.46 in 2024. At this time, Enovix Corp's Net Tangible Assets are fairly stable compared to the past year. Non Currrent Assets Other is likely to rise to about 5.4 M in 2024, whereas Other Assets are likely to drop slightly above 1.1 M in 2024.
Last ReportedProjected for Next Year
Book Value Per Share 0.25  0.24 
Tangible Book Value Per Share 0.25  0.24 
Enterprise Value Over EBITDA(70.82)(67.28)
Price Book Value Ratio 50.33  52.85 
Price Fair Value 50.33  52.85 
Enterprise Value Multiple(70.82)(67.28)
Enterprise Value1.8 B2.3 B
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.
Operating Margin
(13.30)
Beta
1.938
Return On Assets
(0.27)
Return On Equity
(0.69)

Technical Drivers

As of the 19th of June, Enovix Corp shows the Downside Deviation of 4.82, coefficient of variation of 798.73, and Mean Deviation of 4.93. 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.

Enovix Corp Price Movement Analysis

Execute Study
The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Enovix Corp middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Enovix Corp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

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 Predictive Daily Indicators

Enovix Corp intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Enovix Corp stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Enovix Corp Corporate Filings

8K
18th of June 2024
Report filed with the SEC to announce major events that shareholders should know about
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F4
17th of June 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
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F4
10th of June 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
5th of June 2024
Other Reports
ViewVerify
F4
29th of May 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
20th of May 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
15th of May 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
9th of May 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify

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 Next Year
Pretax Profit Margin(585.91)(615.20)
Operating Profit Margin(629.19)(660.65)
Net Loss(585.91)(615.20)
Gross Profit Margin(163.61)(171.79)

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
32.09Strong Buy13Odds
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 Flow323 M
Long Term Debt169.1 M
Common Stock Shares Outstanding158.3 M
Total Stockholder Equity258.1 M
Capital Lease Obligations15.6 M
Tax Provision-633 K
Property Plant And Equipment Net181.8 M
Cash233.1 M
Accounts Payable21.3 M
50 Day M A9.156
Net Interest Income9.9 M
Total Current Liabilities61 M
Other Operating Expenses158.3 M
Non Current Assets Total241.1 M
Non Currrent Assets Other5.1 M
Stock Based Compensation57.8 M

Additional Tools for Enovix Stock Analysis

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.