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

7.38

Mkt cap

1.5B

Volume

High

7.67

P/E Ratio

-6.02

52-wk high

18.68

Low

7.34

Div yield

N/A

52-wk low

5.70

Enovix is set for significant revenue growth with its Fab2 facility in Malaysia ready for mass production. The company is strategically positioned to meet the demand for high-capacity batteries across various markets.

Portfolio Pulse from

March 03, 2025 | 5:00 am

Enovix is set to reach a significant milestone in 2025 with the commencement of its first commercial production. This marks an inflection point for the company, potentially impacting its market position and financial performance.

Portfolio Pulse from

February 25, 2025 | 3:45 am

Enovix Corporation is facing slower revenue scale-up due to guidance misses and lower-than-expected throughput in its first high-volume manufacturing line. However, the company is making progress in smartphone customer engagements, manufacturing operations, and battery product R&D milestones. Despite high valuations, traditional metrics may not fully capture its potential.

Portfolio Pulse from

February 21, 2025 | 3:30 pm

Enovix Corporation (NASDAQ:ENVX) held its Q4 2024 earnings conference call on February 19, 2025. Key company participants included Robert Lahey, Raj Talluri, Kristina Truong, and Ajay Marathe. The call was attended by analysts from various financial institutions.

Portfolio Pulse from

February 20, 2025 | 12:30 am

Enovix Corporation (ENVX) reported a Q4 loss of $0.11 per share, which was better than the Zacks Consensus Estimate of a $0.17 loss. This is an improvement from the $0.28 loss per share reported a year ago.

Portfolio Pulse from

February 19, 2025 | 11:45 pm

Enovix Corporation (Nasdaq: ENVX) released its financial results for Q4 and full year 2024. The announcement was made by the company's President and CEO, Dr. Raj Talluri.

Portfolio Pulse from

February 19, 2025 | 9:30 pm

Enovix, a pre-revenue company, is developing high-performance batteries and plans to start mass production in Malaysia by late 2025. Achieving 95% battery yields is crucial for scaling production and securing major customers. A Fortune 50 partnership is also in the works.

Portfolio Pulse from

February 18, 2025 | 7:45 am

Enovix Corporation (ENVX) is expected to surpass earnings estimates in its upcoming Q4 report, due to a favorable combination of key factors.

Portfolio Pulse from

February 12, 2025 | 4:15 pm

Glancy Prongay & Murray LLP is investigating Enovix Corporation (ENVX) for potential violations of state laws by the company's directors and officers.

Portfolio Pulse from

January 30, 2025 | 4:45 pm

Enovix Corporation (Nasdaq: ENVX) will release its fourth quarter and full year 2024 financial results on February 19, 2025, after market close.

Portfolio Pulse from

January 29, 2025 | 11:15 pm

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