Q1 Earnings Forecast for Enovix Issued By Northland Capmk

Enovix Co. (NASDAQ:ENVX - Free Report) - Analysts at Northland Capmk issued their Q1 2026 earnings per share estimates for shares of Enovix in a report issued on Thursday, February 20th. Northland Capmk analyst G. Richard expects that the company will post earnings of ($0.27) per share for the quarter. The consensus estimate for Enovix's current full-year earnings is ($1.01) per share. Northland Capmk also issued estimates for Enovix's Q2 2026 earnings at ($0.27) EPS, Q3 2026 earnings at ($0.27) EPS and Q4 2026 earnings at ($0.27) EPS.

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

Several other brokerages have also recently weighed in on ENVX. Craig Hallum reduced their price objective on Enovix from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Janney Montgomery Scott downgraded Enovix from a "buy" rating to a "neutral" rating and set a $10.00 target price on the stock. in a research report on Thursday, October 31st. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $30.00 price target on shares of Enovix in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $20.30.

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Enovix Price Performance

Shares of Enovix stock traded down $0.12 during trading hours on Monday, reaching $8.92. The company's stock had a trading volume of 7,578,811 shares, compared to its average volume of 7,067,936. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.77 and a quick ratio of 3.61. Enovix has a one year low of $5.70 and a one year high of $18.68. The firm has a 50 day moving average price of $11.24 and a 200-day moving average price of $10.26. The stock has a market cap of $1.59 billion, a P/E ratio of -6.15 and a beta of 1.87.

Institutional Trading of Enovix

A number of large investors have recently modified their holdings of ENVX. Prospera Private Wealth LLC purchased a new stake in shares of Enovix in the 3rd quarter worth $27,000. Fifth Third Bancorp lifted its stake in Enovix by 66.7% in the fourth quarter. Fifth Third Bancorp now owns 2,500 shares of the company's stock worth $27,000 after acquiring an additional 1,000 shares during the period. Coppell Advisory Solutions LLC bought a new position in Enovix during the 4th quarter worth about $27,000. Sava Infond d.o.o. purchased a new position in Enovix during the 4th quarter valued at about $43,000. Finally, Hollencrest Capital Management raised its holdings in shares of Enovix by 61.4% in the 4th quarter. Hollencrest Capital Management now owns 5,256 shares of the company's stock valued at $57,000 after purchasing an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 50.92% of the company's stock.

Insider Activity

In other Enovix news, Director Betsy S. Atkins sold 75,000 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $9.73, for a total value of $729,750.00. Following the transaction, the director now directly owns 99,497 shares in the company, valued at $968,105.81. This represents a 42.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 15.70% of the company's stock.

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.