Enovix (NASDAQ:ENVX) Updates Q1 2025 Earnings Guidance

Enovix (NASDAQ:ENVX - Get Free Report) updated its first quarter 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of -0.210--0.150 for the period, compared to the consensus earnings per share estimate of -0.170. The company issued revenue guidance of $3.5 million-$5.5 million, compared to the consensus revenue estimate of $6.2 million.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ENVX. Janney Montgomery Scott downgraded shares of Enovix from a "buy" rating to a "neutral" rating and set a $10.00 target price on the stock. in a report on Thursday, October 31st. Cantor Fitzgerald restated an "overweight" rating and issued a $30.00 price target on shares of Enovix in a research report on Thursday. Craig Hallum decreased their target price on shares of Enovix from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Benchmark reissued a "buy" rating and set a $25.00 price target on shares of Enovix in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Enovix currently has an average rating of "Moderate Buy" and a consensus target price of $20.30.

Enovix Price Performance

Shares of NASDAQ ENVX traded down $0.76 during trading on Friday, reaching $10.72. The company had a trading volume of 10,754,726 shares, compared to its average volume of 5,803,739. Enovix has a 52 week low of $5.70 and a 52 week high of $18.68. The stock has a market cap of $1.91 billion, a PE ratio of -7.39 and a beta of 1.87. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.61 and a current ratio of 3.77. The business's 50 day moving average price is $11.15 and its 200-day moving average price is $10.29.

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Enovix (NASDAQ:ENVX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported ($0.17) earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.01. The business had revenue of $9.72 million during the quarter, compared to the consensus estimate of $8.77 million. Enovix had a negative net margin of 963.17% and a negative return on equity of 96.99%. Analysts expect that Enovix will post -1.01 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Betsy S. Atkins sold 75,000 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $9.73, for a total transaction of $729,750.00. Following the completion of the sale, the director now directly owns 99,497 shares of the company's stock, valued at $968,105.81. The trade was a 42.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 15.70% of the stock is currently owned by insiders.

Enovix Company Profile

Enovix Corporation designs, develops, and manufactures lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.