EnovixENVX
ENVX
About: Enovix Corp is engaged in the business of advanced silicon-anode lithium-ion battery development and production. It is also developing its 3D cell technology and production process for the electric vehicle and energy storage markets to help enable the widespread utilization of renewable energy.
Employees: 561
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
58% more call options, than puts
Call options by funds: $213M | Put options by funds: $135M
51% more repeat investments, than reductions
Existing positions increased: 116 | Existing positions reduced: 77
36% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 39
4% more funds holding
Funds holding: 275 [Q2] → 286 (+11) [Q3]
2.44% less ownership
Funds ownership: 51.82% [Q2] → 49.38% (-2.44%) [Q3]
40% less capital invested
Capital invested by funds: $1.36B [Q2] → $814M (-$547M) [Q3]
86% less funds holding in top 10
Funds holding in top 10: 7 [Q2] → 1 (-6) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$10
7%
downside
Avg. target
$20
87%
upside
High target
$30
180%
upside
4 analyst ratings
3 positive
75%
1 neutral
25%
0 negative
0%
Janney Montgomery Scott Sean Milligan 60% 1-year accuracy 3 / 5 met price target | 7%downside $10 | Neutral Downgraded | 31 Oct 2024 |
Cantor Fitzgerald Derek Soderberg 25% 1-year accuracy 5 / 20 met price target | 180%upside $30 | Overweight Reiterated | 30 Oct 2024 |
Benchmark Michael Legg 43% 1-year accuracy 20 / 46 met price target | 133%upside $25 | Buy Reiterated | 30 Oct 2024 |
JP Morgan Bill Peterson 45% 1-year accuracy 14 / 31 met price target | 40%upside $15 | Overweight Maintained | 22 Oct 2024 |
Financial journalist opinion
Based on 47 articles about ENVX published over the past 30 days
Neutral
Accesswire
2 days ago
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Enovix Corporation- ENVX
NEW YORK, NY / ACCESS Newswire / January 18, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Enovix Corporation ("Enovix" or the "Company") (NASDAQ:ENVX). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.
Neutral
Accesswire
3 days ago
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Enovix Corporation - ENVX
NEW YORK, NY / ACCESS Newswire / January 16, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Enovix Corporation ("Enovix" or the "Company") (NASDAQ:ENVX). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.
Positive
Zacks Investment Research
1 week ago
Enovix Clinches Landmark Purchase Order for Silicon Batteries
ENVX batteries will power the revolution in smart glasses, augmented reality gadgets and other cutting-edge MR products.
Neutral
Accesswire
1 week ago
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Enovix Corporation- ENVX
NEW YORK, NY / ACCESSWIRE / January 12, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Enovix Corporation ("Enovix" or the "Company") (NASDAQ:ENVX). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.
Neutral
Accesswire
1 week ago
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Enovix Corporation - ENVX
NEW YORK, NY / ACCESSWIRE / January 10, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Enovix Corporation ("Enovix" or the "Company") (NASDAQ:ENVX). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.
Positive
Zacks Investment Research
1 week ago
Enovix Wraps Up Site Acceptance Testing for HVM Line at Fab2
ENVX's completion of SAT is a major accomplishment since it shows that it can effectively commercialize its patented manufacturing process.
Neutral
PRNewsWire
1 week ago
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Enovix Corporation- ENVX
NEW YORK , Jan. 8, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Enovix Corporation ("Enovix" or the "Company") (NASDAQ: ENVX). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.
Neutral
GlobeNewsWire
1 week ago
Enovix Secures Landmark Purchase Order for Silicon Batteries
FREMONT, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a Silicon Valley high-performance battery manufacturing company, today announced it received a sizable pre-paid purchase order from a Silicon Valley-based global technology leader in Artificial Intelligence (AI) and immersive technologies. The order is for a cutting-edge battery solution tailored for next-generation head-worn Mixed Reality (MR) wearables. These batteries will support the revolution of smart glasses, augmented reality devices, and other pioneering products in the MR space. Under the terms of the agreement, Enovix is scheduled to deliver initial shipments by mid-2025, solidifying its position as a leader in delivering breakthrough battery solutions.
Positive
Seeking Alpha
1 week ago
Enovix Can Potentially Increase The Battery Life On Your AI-Enabled Smartphones
Enovix is well positioned to meet the growing demand for high-energy density batteries in devices as AI-enabled applications drain more battery power. The Company is on track to achieving scale production with attractive economics per production line. The company is also well-capitalized to fund the buildout of multiple production lines. Consensus estimates may be underestimating ENVX's rapid commercial ramp potential, presenting a mispricing opportunity as valuations remain attractive despite improving fundamentals.
Neutral
GlobeNewsWire
2 weeks ago
Enovix Completes Site Acceptance Testing (SAT) of Fab2
FREMONT, Calif., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a Silicon Valley high-performance battery manufacturing company, today announced the successful completion of Site Acceptance Testing (SAT) for its High Volume Manufacturing (HVM) line at Fab2 in Malaysia. This milestone, achieved in late December, is a critical step toward enabling Fab2 to begin mass production in 2025, supporting the company's strategy to meet growing global demand for high energy density battery solutions.
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