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

Wealthy investors are showing a bullish stance on Enovix (NASDAQ:ENVX) with significant options activity, indicating potential price movements. The sentiment is 75% bullish, with a focus on a price range of $3.0 to $15.0. Enovix is currently trading at $9.1, up by 6.06%.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 7:03 pm

Enovix shares rose as the company began shipping its EX-1M battery cells from Malaysia to customers.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 5:16 pm

Enovix Corporation (NASDAQ:ENVX) shares surged after announcing the shipment of EX-1M battery cell samples from its new Agility Line in Malaysia. This follows previous shipments from California and the opening of a high-volume facility in Malaysia. The company plans high-volume production in 2025 and has secured agreements with a Fortune 200 company and a global automotive OEM.

Portfolio Pulse from Lekha Gupta

October 02, 2024 | 5:15 pm

The article reports on the intraday stock movements of various industrial companies. Joby Aviation, Nikola, and WANG & LEE Group are among the top gainers, while New Horizon Aircraft and VCI Global are notable losers.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 4:31 pm

Enovix Corporation has started shipping EX-1M battery cell samples from its new facility in Malaysia, marking a significant step towards scaling production. The company aims for high-volume production by 2025, following successful UN38.3 certification.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:40 pm

An options alert for Enovix (ENVX) indicates a sweep of 856 call options at a strike price of $10, expiring on October 18, with a premium of $0.34. This is against an open interest of 17,827. The current stock price is $8.59, and earnings are expected on November 5 after the market closes.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 4:45 pm

The article highlights significant options activity for several industrial stocks, indicating potential trading opportunities. Notable bullish sentiment is observed for UAL, FWRD, DAL, ENVX, RKLB, PAYX, and WSC, while bearish sentiment is noted for UBER, NKLA, and BA.

Portfolio Pulse from Benzinga Insights

September 13, 2024 | 5:35 pm

Enovix (NYSE:ENVX) has seen a 3.5% increase in its short percent of float, with 47.15 million shares sold short, representing 39.93% of its float. This is significantly higher than its peers' average of 9.76%. The high short interest could indicate bearish sentiment but also presents potential for a short squeeze.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 1:15 pm

Enovix (NASDAQ:ENVX) has received mixed analyst ratings over the past three months, with a majority being bullish. Analysts have set a 12-month average price target of $22.62, reflecting a 6.25% increase from the previous target. Enovix has shown significant revenue growth but faces challenges with profitability and financial risk due to high debt levels.

Portfolio Pulse from Benzinga Insights

August 26, 2024 | 3:00 pm

Oppenheimer analyst Colin Rusch has reiterated an 'Outperform' rating for Enovix (NASDAQ:ENVX) and maintained a price target of $36.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 2:56 pm

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