Enovix (ENVX)

• Market cap: $2.04B
• 1 day: -6.62%
• 5 days: -2.81%
• 1 month: -6.54%
• 3 months: 17.80%
• 6 months: 2.10%
• Year to date: -11.48%
• 1 year: -0.09%
• 5 years: -39.54%
• 10 years: -39.54%
• Sector: Industrials
• Industry: Miscellaneous Electrical Machinery, Equipment & Supplies

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

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]

93% more call options, than puts

Call options by funds: $259M | Put options by funds: $135M

81% more repeat investments, than reductions

Existing positions increased: 127 | Existing positions reduced: 70

40% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 35

22% more capital invested

Capital invested by funds: $814M [Q3] → $997M (+$183M) [Q4]

3% more funds holding

Funds holding: 286 [Q3] → 294 (+8) [Q4]

0.6% less ownership

Funds ownership: 49.38% [Q3] → 48.78% (-0.6%) [Q4]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $18 68% upside
• Avg. target: $24 124% upside
• High target: $30 180% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Craig-Hallum Anthony Stoss 44% 1-year accuracy 16 / 36 met price target	68% upside $18	Buy Maintained	20 Feb 2025
Cantor Fitzgerald Derek Soderberg 35% 1-year accuracy 7 / 20 met price target	180% upside $30	Overweight Reiterated	20 Feb 2025