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Industrials - Electrical Equipment & Parts - NASDAQ - US
$ 8.48
-4.18 %
$ 1.6 B
Market Cap
-5.85
P/E
1. INTRINSIC VALUE

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

The intrinsic value of one ENVX stock under the base case scenario is HIDDEN Compared to the current market price of 8.48 USD, Enovix Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart ENVX

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FINANCIALS
263 K REVENUE
-95.76%
-165 M OPERATING INCOME
-25.38%
-154 M NET INCOME
-198.50%
-77.4 M OPERATING CASH FLOW
6.44%
-132 M INVESTING CASH FLOW
-264.56%
160 M FINANCING CASH FLOW
182.40%
3.77 M REVENUE
-28.53%
-88.8 M OPERATING INCOME
-26.54%
-116 M NET INCOME
-149.36%
-26.9 M OPERATING CASH FLOW
23.10%
406 K INVESTING CASH FLOW
-97.88%
39.7 M FINANCING CASH FLOW
630.22%
Balance Sheet Decomposition Enovix Corporation
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Current Assets 323 M
Cash & Short-Term Investments 307 M
Receivables 2.42 M
Other Current Assets 13.9 M
Non-Current Assets 241 M
Long-Term Investments 2 M
PP&E 182 M
Other Non-Current Assets 57.4 M
Current Liabilities 61 M
Accounts Payable 21.3 M
Short-Term Debt 5.92 M
Other Current Liabilities 33.8 M
Non-Current Liabilities 242 M
Long-Term Debt 185 M
Other Non-Current Liabilities 57.5 M
EFFICIENCY
Earnings Waterfall Enovix Corporation
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Revenue 263 K
Cost Of Revenue 43.3 M
Gross Profit -43 M
Operating Expenses 115 M
Operating Income -165 M
Other Expenses -11.4 M
Net Income -154 M
RATIOS
-16360.84% GROSS MARGIN
-16360.84%
-62919.39% OPERATING MARGIN
-62919.39%
-58590.87% NET MARGIN
-58590.87%
-59.69% ROE
-59.69%
-27.31% ROA
-27.31%
-36.87% ROIC
-36.87%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Enovix Corporation
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Net Income -154 M
Depreciation & Amortization 11 M
Capital Expenditures -33 M
Stock-Based Compensation 57.8 M
Change in Working Capital 4.92 M
Others 2.93 M
Free Cash Flow -110 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Enovix Corporation
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Wall Street analysts predict an average 1-year price target for ENVX of $13.7 , with forecasts ranging from a low of $5 to a high of $19 .
ENVX Lowest Price Target Wall Street Target
5 USD -41.04%
ENVX Average Price Target Wall Street Target
13.7 USD 61.16%
ENVX Highest Price Target Wall Street Target
19 USD 124.06%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Enovix Corporation
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Sold
0-3 MONTHS
455 K USD 1
3-6 MONTHS
91 K USD 1
6-9 MONTHS
36.2 K USD 1
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 month ago
Oct 14, 2024
Sell 455 K USD
Chakravarthy Arthi
Chief Legal Officer
- 35000
13 USD
4 months ago
Jun 20, 2024
Sell 91 K USD
Reichow Gregory
Director
- 7500
12.14 USD
7 months ago
Apr 14, 2024
Sell 36.2 K USD
Marathe Ajay
Chief Operating Officer
- 4954
7.31 USD
1 year ago
Aug 24, 2023
Bought 20 K USD
Talluri Rajendra K
President and CEO
+ 1434
13.94 USD
1 year ago
Aug 11, 2023
Sell 585 K USD
ATKINS BETSY S
Director
- 36000
16.25 USD
1 year ago
Jun 20, 2023
Sell 68 K USD
ATKINS BETSY S
Director
- 4528
15.02 USD
1 year ago
Apr 27, 2023
Bought 50.5 K USD
Talluri Rajendra K
President and CEO
+ 5000
10.095 USD
1 year ago
Apr 24, 2023
Sell 61.8 K USD
ATKINS BETSY S
Director
- 5000
12.36 USD
1 year ago
Apr 20, 2023
Bought 0 USD
Rodgers Thurman J
director, 10 percent owner:
+ 0
15.61 USD
1 year ago
Mar 21, 2023
Bought 1.19 M USD
Rodgers Thurman J
director, 10 percent owner:
+ 102599
11.57 USD
1 year ago
Mar 20, 2023
Bought 757 K USD
Rodgers Thurman J
director, 10 percent owner:
+ 69557
10.88 USD
1 year ago
Mar 17, 2023
Bought 1.08 M USD
Rodgers Thurman J
director, 10 percent owner:
+ 98700
10.95 USD
1 year ago
Mar 16, 2023
Bought 382 K USD
Rodgers Thurman J
director, 10 percent owner:
+ 34899
10.96 USD
1 year ago
Mar 15, 2023
Bought 1.35 M USD
Rodgers Thurman J
director, 10 percent owner:
+ 129111
10.47 USD
1 year ago
Mar 14, 2023
Bought 56.1 K USD
Talluri Rajendra K
President and CEO
+ 5000
11.22 USD
1 year ago
Mar 10, 2023
Bought 623 K USD
Rodgers Thurman J
director, 10 percent owner:
+ 65134
9.56 USD
1 year ago
Feb 13, 2023
Sell 12.3 K USD
ATKINS BETSY S
Director
- 1481
8.31 USD
1 year ago
Jan 03, 2023
Sell 25.6 K USD
Lahiri Ashok
Chief Technology Officer
- 2000
12.81 USD
1 year ago
Dec 01, 2022
Sell 25.8 K USD
Lahiri Ashok
Chief Technology Officer
- 2000
12.88 USD
2 years ago
Nov 01, 2022
Sell 37.5 K USD
RUST HARROLD J
President and CEO
- 2000
18.77 USD
2 years ago
Nov 01, 2022
Sell 95.4 K USD
Lahiri Ashok
Chief Technology Officer
- 5000
19.09 USD
2 years ago
Nov 01, 2022
Sell 556 K USD
Dales Gardner Cameron
Chief Commercial Officer
- 30000
18.55 USD
2 years ago
Oct 04, 2022
Sell 60 K USD
Lahiri Ashok
Chief Technology Officer
- 3000
20 USD
2 years ago
Oct 03, 2022
Sell 35.4 K USD
RUST HARROLD J
President and CEO
- 2000
17.68 USD
2 years ago
Oct 03, 2022
Sell 48.8 K USD
RUST HARROLD J
President and CEO
- 2500
19.5 USD
2 years ago
Oct 03, 2022
Sell 471 K USD
Dales Gardner Cameron
Chief Commercial Officer
- 26198
17.96 USD
2 years ago
Oct 03, 2022
Sell 70.4 K USD
Dales Gardner Cameron
Chief Commercial Officer
- 3802
18.52 USD
2 years ago
Oct 03, 2022
Sell 89 K USD
Lahiri Ashok
Chief Technology Officer
- 5000
17.81 USD
2 years ago
Sep 15, 2022
Sell 250 K USD
Lahiri Ashok
Chief Technology Officer
- 10000
25 USD
2 years ago
Sep 13, 2022
Sell 92.1 K USD
RUST HARROLD J
President and CEO
- 4500
20.46 USD
2 years ago
Sep 15, 2022
Sell 73.5 K USD
RUST HARROLD J
President and CEO
- 3000
24.5 USD
2 years ago
Sep 01, 2022
Sell 167 K USD
Lahiri Ashok
Chief Technology Officer
- 8000
20.84 USD
2 years ago
Sep 01, 2022
Sell 620 K USD
Dales Gardner Cameron
Chief Commercial Officer
- 30000
20.67 USD
2 years ago
Aug 15, 2022
Sell 125 K USD
Lahiri Ashok
Chief Technology Officer
- 5000
25 USD
2 years ago
Aug 11, 2022
Sell 200 K USD
Dales Gardner Cameron
Chief Commercial Officer
- 10000
20 USD
2 years ago
Aug 11, 2022
Sell 60 K USD
Lahiri Ashok
Chief Technology Officer
- 3000
20 USD
2 years ago
Aug 05, 2022
Sell 42 K USD
Lahiri Ashok
Chief Technology Officer
- 3000
14 USD
2 years ago
Aug 05, 2022
Sell 700 K USD
Dales Gardner Cameron
Chief Commercial Officer
- 50000
14 USD
2 years ago
Aug 01, 2022
Sell 26.6 K USD
Lahiri Ashok
Chief Technology Officer
- 2000
13.3 USD
2 years ago
Jul 20, 2022
Sell 22.4 K USD
Lahiri Ashok
Chief Technology Officer
- 2000
11.19 USD
2 years ago
May 23, 2022
Bought 900 K USD
RODGERS THURMAN J
director:
+ 100000
9 USD
2 years ago
May 13, 2022
Bought 1.77 M USD
RODGERS THURMAN J
director:
+ 200000
8.86 USD
2 years ago
May 13, 2022
Bought 885 K USD
RODGERS THURMAN J
director, 10 percent owner:
+ 100000
8.85 USD
2 years ago
May 13, 2022
Bought 89.9 K USD
HEJLEK EDWARD J
See Remarks
+ 10000
8.99 USD
2 years ago
May 13, 2022
Bought 179 K USD
MCCRANIE J DANIEL
director:
+ 20000
8.96 USD
2 years ago
Mar 08, 2022
Bought 50.8 K USD
RUST HARROLD J
President and CEO
+ 3500
14.5 USD
2 years ago
Mar 08, 2022
Bought 291 K USD
MCCRANIE J DANIEL
director:
+ 20000
14.5711 USD
3 years ago
Aug 12, 2021
Bought 71.5 K USD
HEJLEK EDWARD J
See Remarks
+ 5000
14.3 USD
3 years ago
Aug 12, 2021
Bought 295 K USD
Pietzke Steffen
Chief Financial Officer
+ 20000
14.75 USD
3 years ago
Jul 14, 2021
Bought 30 M USD
Park West Asset Management LLC
10 percent owner
+ 2142857
14 USD
3 years ago
Dec 11, 2020
Bought 991 K USD
Park West Asset Management LLC
10 percent owner
+ 80087
12.37 USD
3 years ago
Dec 10, 2020
Bought 4.44 M USD
Park West Asset Management LLC
10 percent owner
+ 386600
11.49 USD
3 years ago
Dec 11, 2020
Bought 460 K USD
Park West Asset Management LLC
10 percent owner
+ 40043
11.5 USD
3 years ago
Dec 10, 2020
Bought 2.22 M USD
Park West Asset Management LLC
10 percent owner
+ 193300
11.5 USD
3 years ago
Dec 08, 2020
Bought 1.46 M USD
Park West Asset Management LLC
10 percent owner
+ 127402
11.44 USD
3 years ago
Dec 04, 2020
Bought 7.71 M USD
Park West Asset Management LLC
10 percent owner
+ 705911
10.92 USD
3 years ago
Dec 08, 2020
Bought 733 K USD
Park West Asset Management LLC
10 percent owner
+ 63701
11.5 USD
3 years ago
Dec 04, 2020
Bought 4.06 M USD
Park West Asset Management LLC
10 percent owner
+ 352955
11.5 USD
7. News
Enovix to Participate in Upcoming Investor Events FREMONT, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, announced today its participation in the following upcoming investor events: globenewswire.com - 1 week ago
Enovix Completes $100 Million Equity Offering FREMONT, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, announced today that it completed a secondary equity offering. On Friday November 1, the Company received approximately $96 million dollars net of fees related to the transaction. As a result, the Company now expects to close 2024 with cash levels of approximately $245 million, compared to the prior expectation of $150 million. globenewswire.com - 1 week ago
Enovix Targets Silicon Anode Battery Launch As AI Drives Demand Enovix Co. NASDAQ: ENVX develops and manufactures next-generation silicon-anode lithium-ion batteries with applications in the smartphone, wearables, mobile device, VR/AR headset, laptop, IoT and electric vehicle (EV) markets. While the oils/energy sector company is producing batteries on a small scale now, it plans to ramp up mass production by the fourth quarter of 2025 at its new high-volume manufacturing Fab2 facility in Penang, Malaysia. marketbeat.com - 1 week ago
Here's Why Enovix Corporation (ENVX) Is a Great 'Buy the Bottom' Stock Now After losing some value lately, a hammer chart pattern has been formed for Enovix Corporation (ENVX), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term. zacks.com - 2 weeks ago
Enovix: Surprise Capital Raise Not Likely To Bode Well With Investors - Sell Advanced lithium-ion battery manufacturer Enovix reported Q3/2024 results in line with muted expectations. As the company continues to invest in its Malaysian manufacturing operations, cash burn remains elevated. While the company's financial performance was nothing to write home about, investors cheered the announcement of a new development agreement with a leading Chinese smartphone OEM. On the conference call, management reiterated expectations for high volume manufacturing to ramp in late 2025 and rising exponentially in 2026. seekingalpha.com - 2 weeks ago
Enovix Announces Pricing of Public Offering of Common Stock FREMONT, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (NASDAQ: ENVX), a global high-performance battery company, today announced the pricing of an underwritten public offering of 10,416,667 shares of its common stock for total gross proceeds of $100 million before deducting underwriting discounts and commissions and estimated offering expenses payable by Enovix. The offering is expected to close on November 1, 2024, subject to satisfaction of customary closing conditions. All of the shares of common stock in the offering will be sold by Enovix. globenewswire.com - 2 weeks ago
Enovix Announces Proposed Public Offering of Common Stock FREMONT, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (NASDAQ: ENVX), a global high-performance battery company, today announced that it has commenced an underwritten public offering of $100.0 million of shares of its common stock, subject to market and other conditions. In connection with the offering, Enovix expects to grant the underwriter a 30-day option to purchase up to an additional $15.0 million of the shares of common stock offered in the public offering. There can be no assurances as to whether or when the offering may be completed, or as to the actual size or terms of the offering. All of the shares of common stock in the offering will be sold by Enovix. globenewswire.com - 2 weeks ago
Enovix Corporation (ENVX) Q3 2024 Earnings Call Transcript Enovix Corporation (NASDAQ:ENVX ) Q3 2024 Earnings Conference Call October 29, 2024 5:00 PM ET Company Participants Robert Lahey - Head-Investor Relations Raj Talluri - President & Chief Executive Officer Farhan Ahmad - Chief Financial Officer Ajay Marathe - Chief Operating Officer Conference Call Participants Ananda Baruah - Loop Capital Markets Colin Rusch - Oppenheimer Bill Peterson - JPMorgan George Gianarikas - Canaccord Gus Richard - Northland Gabe Daoud - Cowen Derek Soderberg - Cantor Sean Milligan - Janney Mark Shooter - William Blair Tony Stoss - Craig-Hallum Operator Thank you for standing by, and welcome to the Enovix Corporation Third Quarter 2024 Earnings Conference Call. Currently, all participants are in a listen-only mode. seekingalpha.com - 2 weeks ago
Enovix Corporation (ENVX) Reports Q3 Loss, Tops Revenue Estimates Enovix Corporation (ENVX) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.19 per share a year ago. zacks.com - 2 weeks ago
Enovix and Leading Smartphone OEM Execute Development Agreement for Mass Production in 2025 FREMONT, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, announced today that it executed a development agreement with one of the leading global smartphone OEMs with top 5 market share in China. Under the terms of the agreement and subject to applicable milestones, the companies will develop a 100% active silicon anode battery customized for specific smartphone models targeted for launch in Q4 2025. The company now has agreements with 2 of the leading smartphone OEMs and has further sales momentum building in IoT and EV markets. globenewswire.com - 2 weeks ago
Enovix Prepares For Q3 Earnings: Analyst Sees Potential 'Squeeze,' But Technical Signals Raise Red Flags Enovix Corp ENVX is revving up for its third-quarter earnings on Tuesday. With the stock up a whopping 60% in the past six months, the big question is, can it keep the momentum going? benzinga.com - 2 weeks ago
Wall Street Analysts Think Enovix Corporation (ENVX) Could Surge 104.5%: Read This Before Placing a Bet The mean of analysts' price targets for Enovix Corporation (ENVX) points to a 104.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock. zacks.com - 3 weeks ago
8. Profile Summary

Enovix Corporation ENVX

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COUNTRY US
INDUSTRY Electrical Equipment & Parts
MARKET CAP $ 1.6 B
Dividend Yield 0.00%
Description Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.
Contact 3501 West Warren Avenue, Fremont, CA, 94538 https://www.enovix.com
IPO Date Jan. 5, 2021
Employees 560
Officers Dr. James Wilcox Ph.D. Vice President of Business Development & Head of Enovix Mobility Dr. Rob Rosen Senior Director of Strategic Materials Dr. Robert M. Spotnitz Founder Ms. Samira Naraghi Senior Vice President of Product Mr. Albert Spencer Gore Head of EV Products Mr. Jonathan Doan Senior Vice President of Research & Development Ms. Arthi Chakravarthy Chief Legal Officer, General Counsel & Secretary Ms. Iryna Romaniv Vice President of Human Resources Mr. Farhan Ahmad Chief Financial Officer Mr. Ajay Marathe Chief Operating Officer