Brokers Offer Predictions for Enovix FY2026 Earnings

Enovix Co. (NASDAQ:ENVX) – Investment analysts at Northland Capmk issued their FY2026 earnings estimates for shares of Enovix in a note issued to investors on Friday, November 22nd. Northland Capmk analyst G. Richard expects that the company will post earnings per share of ($0.65) for the year. The consensus estimate for Enovix’s current full-year earnings is ($1.17) per share.

Enovix (NASDAQ:ENVX) last issued its earnings results on Tuesday, October 29th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.03. The firm had revenue of $4.30 million during the quarter, compared to analyst estimates of $4.11 million. Enovix had a negative net margin of 1,180.21% and a negative return on equity of 102.19%. During the same quarter in the prior year, the business earned ($0.27) earnings per share.

ENVX has been the topic of several other reports. Canaccord Genuity Group upped their price target on Enovix from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Piper Sandler reaffirmed an “overweight” rating and set a $19.00 target price (down from $23.00) on shares of Enovix in a research report on Monday, August 5th. JPMorgan Chase & Co. lowered their price target on Enovix from $18.00 to $15.00 and set an “overweight” rating for the company in a report on Tuesday, October 22nd. Craig Hallum upped their price objective on shares of Enovix from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Benchmark reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Enovix in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.50.

Enovix Trading Up 3.6 %

NASDAQ ENVX opened at $9.43 on Monday. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of -5.86 and a beta of 1.99. Enovix has a one year low of $5.70 and a one year high of $18.68. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.61 and a current ratio of 3.77. The company’s 50-day simple moving average is $10.01 and its two-hundred day simple moving average is $11.31.

Institutional Trading of Enovix

Hedge funds have recently modified their holdings of the stock. Driehaus Capital Management LLC raised its position in Enovix by 63.7% during the second quarter. Driehaus Capital Management LLC now owns 3,886,492 shares of the company’s stock valued at $60,085,000 after acquiring an additional 1,512,424 shares in the last quarter. Fred Alger Management LLC grew its stake in shares of Enovix by 2,468.6% during the 3rd quarter. Fred Alger Management LLC now owns 588,614 shares of the company’s stock worth $5,498,000 after purchasing an additional 565,698 shares during the period. Old West Investment Management LLC increased its holdings in shares of Enovix by 47.6% during the 2nd quarter. Old West Investment Management LLC now owns 835,386 shares of the company’s stock valued at $12,915,000 after purchasing an additional 269,371 shares in the last quarter. Sora Investors LLC lifted its stake in shares of Enovix by 75.0% in the 3rd quarter. Sora Investors LLC now owns 525,000 shares of the company’s stock valued at $4,904,000 after purchasing an additional 225,000 shares during the period. Finally, Barclays PLC boosted its holdings in Enovix by 376.9% during the third quarter. Barclays PLC now owns 252,012 shares of the company’s stock worth $2,353,000 after buying an additional 199,166 shares in the last quarter. Hedge funds and other institutional investors own 50.92% of the company’s stock.

Insider Buying and Selling at Enovix

In other Enovix news, insider Arthi Chakravarthy sold 35,000 shares of Enovix stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $13.00, for a total transaction of $455,000.00. Following the completion of the transaction, the insider now owns 343,305 shares in the company, valued at approximately $4,462,965. This trade represents a 9.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 15.70% of the company’s stock.

Enovix Company Profile

Enovix Corporation designs, develops, and manufactures lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.