Enovix Corp Stock Today

ENVX Stock  USD 9.98  0.10  0.99%   

Performance

0 of 100

 
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Odds Of Distress

Over 52

 
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Enovix Corp is trading at 9.98 as of the 21st of May 2024; that is -0.99 percent decrease since the beginning of the trading day. The stock's open price was 10.08. Enovix Corp has 52 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Enovix Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of June 2022 and ending today, the 21st of May 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
15th of July 2021
Category
Industrials
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. The company has 170 M outstanding shares of which 42.93 M shares are currently shorted by private and institutional investors with about 10.67 trading days to cover. More on Enovix Corp

Moving against Enovix Stock

  0.49WIRE Encore WirePairCorr
  0.45ROBOF RoboGroup TEKPairCorr
Follow Valuation Options Odds of Bankruptcy
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Enovix Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Enovix Corp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Enovix Corp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Enovix Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Enovix Corp's managers, analysts, and investors.
Environmental
Governance
Social
CEO PresidentRaj Talluri
Thematic IdeaElectrical Equipment (View all Themes)
Business ConcentrationElectrical Components & Equipment, Electrical Equipment & Parts, Industrials, NASDAQ Composite, Electrical Equipment, Industrials, Electrical Equipment, Electrical Equipment & Parts, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Enovix Corp report their recommendations after researching Enovix Corp's financial statements, talking to executives and customers, or listening in on Enovix Corp's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Enovix Corp. The Enovix consensus assessment is calculated by taking the average forecast from all of the analysts covering Enovix Corp.
Financial Strength
Based on the analysis of Enovix Corp's profitability, liquidity, and operating efficiency, Enovix Corp is not in a good financial situation at this time. It has a very high probability of going through financial hardship in June. Financial strength of Enovix Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.01130.0127
Fairly Down
Slightly volatile
Total Current Liabilities64.1 M61 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total125.7 M242.2 M
Way Down
Slightly volatile
Total Assets426.9 M564.3 M
Way Down
Slightly volatile
Total Current Assets240.8 M323.2 M
Way Down
Slightly volatile
Enovix Corp's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Enovix Corp's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Enovix Corp's financial leverage. It provides some insight into what part of Enovix Corp's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Enovix Corp's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Enovix Corp deploys its capital and how much of that capital is borrowed.
Liquidity
Enovix Corp cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 5.92 M in liabilities with Debt to Equity (D/E) ratio of 0.02, which may suggest the company is not taking enough advantage from borrowing. Enovix Corp has a current ratio of 22.33, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Enovix Corp until it has trouble settling it off, either with new capital or with free cash flow. So, Enovix Corp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Enovix Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enovix to invest in growth at high rates of return. When we think about Enovix Corp's use of debt, we should always consider it together with cash and equity.

End Period Cash Flow

224.15 Million
Enovix Corp (ENVX) is traded on NASDAQ Exchange in USA. It is located in 3501 West Warren Avenue, Fremont, CA, United States, 94538 and employs 560 people. Enovix Corp is listed under Electrical Components & Equipment category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.71 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 Corp conducts business under Electrical Equipment sector and is part of Industrials industry. The entity has 170 M outstanding shares of which 42.93 M shares are currently shorted by private and institutional investors with about 10.67 trading days to cover. 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.
Check Enovix Corp Probability Of Bankruptcy
Ownership Allocation
Enovix Corp holds a total of 170 Million outstanding shares. 30% of Enovix Corp outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Enovix Ownership Details

Enovix Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Enovix Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Enovix Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Enovix Corp's value.
InstituionRecorded OnShares
Driehaus Capital Management Llc2023-12-31
2.3 M
Granahan Investment Management Inc..2023-12-31
1.6 M
Hood River Capital Management Llc2023-12-31
1.6 M
Morgan Stanley - Brokerage Accounts2023-12-31
1.5 M
Masters Capital Management Llc2023-12-31
1.3 M
Northern Trust Corp2023-12-31
1.3 M
Park West Asset Management Llc2023-12-31
1.2 M
Charles Schwab Investment Management Inc2024-03-31
1.1 M
Wells Fargo & Co2023-12-31
M
Vanguard Group Inc2024-03-31
13.1 M
Blackrock Inc2023-12-31
9.9 M
View Enovix Corp Diagnostics

Enovix Corp Historical Income Statement

Enovix Corp Income Statement is one of the three primary financial statements used for reporting Enovix's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Enovix Corp revenue and expense. Enovix Corp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Enovix Corp's Net Interest Income is fairly stable compared to the past year. Cost Of Revenue is likely to rise to about 45.5 M in 2024, whereas Interest Expense is likely to drop slightly above 1.8 M in 2024. View More Fundamentals

Enovix Stock Against Markets

Picking the right benchmark for Enovix Corp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Enovix Corp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Enovix Corp is critical whether you are bullish or bearish towards Enovix Corp at a given time. Please also check how Enovix Corp's historical prices are related to one of the top price index indicators.

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Our tools can tell you how much better you can do entering a position in Enovix Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Enovix Corp Corporate Management

Elected by the shareholders, the Enovix Corp's board of directors comprises two types of representatives: Enovix Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Enovix. The board's role is to monitor Enovix Corp's management team and ensure that shareholders' interests are well served. Enovix Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Enovix Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

How to buy Enovix Stock?

Before investing in Enovix Corp, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Enovix Corp. To buy Enovix Corp stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Enovix Corp. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Enovix Corp stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Enovix Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Enovix Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Enovix Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Enovix Stock please use our How to Invest in Enovix Corp guide.

Already Invested in Enovix Corp?

The danger of trading Enovix Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Enovix Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Enovix Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Enovix Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 real.
For more information on how to buy Enovix Stock please use our How to Invest in Enovix Corp guide.
You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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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
(1.19)
Revenue Per Share
0.08
Quarterly Revenue Growth
250.048
Return On Assets
(0.27)
Return On Equity
(0.69)
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.