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

8.81

Mkt cap

1.6B

Volume

4.3M

High

8.83

P/E Ratio

-5.85

52-wk high

18.68

Low

8.43

Div yield

N/A

52-wk low

5.70

Enovix reported Q4 2023 adjusted EPS of $(0.28), missing the $(0.27) estimate, but sales of $7.38M exceeded the $3.37M estimate, marking a 575.30% increase over the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:08 pm

Earnings reports for various companies are scheduled for February 20, 2024, with a mix of projected earnings and losses across different sectors. Notable companies include Walmart, Home Depot, Medtronic, and Barclays, among others, with expectations ranging from significant profits to losses per share.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 11:52 am

Enovix (NASDAQ:ENVX) is scheduled to release its quarterly earnings report on February 20, 2024, with analysts predicting an EPS of $-0.27. The company's past earnings performance shows a mix of beats and misses, with significant stock price movements following the announcements. Shares of Enovix have increased by 53.58% over the last 52 weeks, trading at $11.7 as of February 15. Investors are advised to pay attention to the company's guidance for future growth, which can significantly impact stock prices.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 6:01 pm

Shares of companies in the industrial sector are down due to a higher-than-expected rise in January inflation data, affecting investor sentiment and stock prices.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:38 pm

Clean tech companies are expected to adopt a defensive stance in Q4 earnings amid liquidity concerns and weaker demand, according to JPMorgan. Enovix Corp (ENVX) is highlighted as an exception with a potential over 50% upside. ChargePoint Holdings (CHPT), EVgo Inc (EVGO), and Plug Power Inc (PLUG) face challenges, with the sector underperforming and investors showing skepticism. JPMorgan remains optimistic about Enovix, expecting modest revenue in Q4 2023 and significant growth in 2024.

Portfolio Pulse from Surbhi Jain

February 12, 2024 | 6:18 pm

Cantor Fitzgerald analyst Derek Soderberg has reiterated an Overweight rating on Enovix (NASDAQ:ENVX) and maintained a price target of $30.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 4:16 pm

Enovix and Group14 have announced a collaboration to develop and enhance the performance and efficiency of lithium-ion silicon batteries, aligning with their dedication to innovation, renewable energy, and customer satisfaction.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 12:55 pm

Industrial stocks are experiencing an uptick following the Federal Reserve's decision to keep interest rates unchanged. The market's positive reaction is also fueled by expectations of potential future rate cuts as indicated by the majority of Fed officials.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 8:51 pm

The article lists the stocks that gained and lost the most in Wednesday's mid-day session. GAN Limited (NASDAQ:GAN) surged 83.9% after agreeing to be acquired by Sega Sammy Creation. Blade Air Mobility, Inc. (NASDAQ:BLDE) surged 27.3% after reporting strong Q3 FY23 revenue growth. On the other hand, DURECT Corporation (NASDAQ:DRRX) shares fell 75.5% after its Phase 2B AHFIRM trial did not achieve statistical significance. FTC Solar, Inc. (NASDAQ:FTCI) fell 62.8% after reporting Q3 earnings and announcing the departure of its CEO and CFO.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 6:41 pm

Cantor Fitzgerald analyst Derek Soderberg has maintained an Overweight rating on Enovix (NASDAQ:ENVX) and raised the price target from $28 to $30.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 5:31 pm

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