Streetbeat News

ENVX

Enovix Corporation

https://www.enovix.com

Industry

Electrical Equipment & Parts

Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.

Open

9.05

Mkt cap

1.7B

Volume

High

9.27

P/E Ratio

-6.19

52-wk high

18.68

Low

8.95

Div yield

N/A

52-wk low

5.70

Enovix is making significant strides in commercialization, technological advancements, and sales growth projections towards 2026. The company's strategic positioning in East Asia and agreements with leading smartphone OEMs highlight its potential for high returns, despite a high price-to-sales ratio.

Portfolio Pulse from

December 04, 2024 | 3:30 pm

Enovix Corp (NASDAQ:ENVX) is experiencing a minor decline of 1.6% today, trading at $10.04. Despite this, the stock has shown strong performance, with only two losses in the last 11 sessions.

Portfolio Pulse from

December 03, 2024 | 8:00 pm

Enovix Corporation (Nasdaq: ENVX), a high-performance battery company, announced its participation in upcoming investor events.

Portfolio Pulse from

November 06, 2024 | 1:45 pm

Several industrial stocks experienced significant price movements during Thursday's intraday session, driven by recent earnings reports. Notable gainers included NEXTracker, Paycom Software, and MYR Group, while Stem, Huntington Ingalls Industries, and MISTRAS Group saw declines.

Portfolio Pulse from Benzinga Insights

October 31, 2024 | 4:34 pm

Enovix Corp (NASDAQ:ENVX) shares fell 14.1% after announcing a $100 million public offering to fund high-volume manufacturing at its Malaysian facility. The offering follows better-than-expected Q3 results and a new development agreement with a leading smartphone OEM.

Portfolio Pulse from Adam Eckert

October 31, 2024 | 3:45 pm

Janney Montgomery Scott has downgraded Enovix (NASDAQ:ENVX) from Buy to Neutral, setting a price target of $10.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 2:24 pm

Enovix shares declined following the announcement of a $100 million public offering of 10,416,667 common shares.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:28 pm

In Thursday's pre-market session, several industrial stocks experienced significant price movements. Notable gainers include 1847 Holdings, NEXTracker, Orion Group Holdings, Li-Cycle Holdings, Dragonfly Energy Holdings, and Agrify. On the losing side, Solidion Technology, Vast Renewables, Founder Group, Enovix, MISTRAS Group, and FGI Industries saw declines.

Portfolio Pulse from Benzinga Insights

October 31, 2024 | 12:09 pm

In Thursday's pre-market session, several industrial stocks experienced significant movements. Notable gainers included 1847 Holdings, NEXTracker, and Orion Group Holdings, while Solidion Technology, Vast Renewables, and Enovix were among the losers. Earnings reports influenced some of these movements.

Portfolio Pulse from Benzinga Insights

October 31, 2024 | 12:09 pm

Enovix has announced a $100 million public offering of 10,416,667 common shares, expected to close on November 1, 2024. The company has also granted the underwriter a 30-day option to purchase an additional 1,562,500 shares.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:26 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.