ENVX Stock Price, Enovix Corporation Quote, Chart

Market Summary

USD9.26-0.08

Delayedas of 16 May 2024, 09:52 am

-0.86%

ENVX Stock Price

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ENVX RSI Chart

ENVX Valuation

Market Cap

1.6B

Price/Earnings (Trailing)

-8.5

Price/Sales (Trailing)

207.72

EV/EBITDA

-9.93

Price/Free Cashflow

-8.45

ENVX Price/Sales (Trailing)

ENVX Profitability

EBT Margin

-2809.59%

Return on Equity

-80.5%

Return on Assets

-36.71%

Free Cashflow Yield

-11.84%

ENVX Fundamentals

ENVX Revenue

Revenue (TTM)

7.6M

Rev. Growth (Yr)

96.57%

Rev. Growth (Qtr)

9.86%

ENVX Earnings

Earnings (TTM)

-186.8M

Earnings Growth (Yr)

37%

Earnings Growth (Qtr)

22.69%

Breaking Down ENVX Revenue

52 Week Range

9.2323.90

(Low)(High)

Last 7 days

2.8%

Last 30 days

39.3%

Last 90 days

-20.3%

Trailing 12 Months

-24.6%

How does ENVX drawdown profile look like?

ENVX Financial Health

Current Ratio

4.89

Debt/Equity

0.72

Debt/Cashflow

-0.68

ENVX Investor Care

Shares Dilution (1Y)

7.49%

Diluted EPS (TTM)

-1.27

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	0	0	0	0
2023	6.6M	6.9M	7.3M	7.6M
2022	0	0	0	6.2M

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Tracking the Latest Insider Buys and Sells of Enovix Corporation

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 08, 2024	chakravarthy arthi	sold (taxes)	-8,462	9.08	-932	chief legal officer
May 08, 2024	talluri rajendra k	sold (taxes)	-38,898	9.08	-4,284	president and ceo
May 08, 2024	ahmad farhan	sold (taxes)	-15,626	9.08	-1,721	chief financial officer
May 08, 2024	marathe ajay	sold (taxes)	-13,511	9.08	-1,488	chief operating officer
Apr 24, 2024	chakravarthy arthi	sold (taxes)	-115,367	6.02	-19,164	see remarks
Apr 18, 2024	talluri rajendra k	sold (taxes)	-71,482	6.01	-11,894	president and ceo
Apr 14, 2024	marathe ajay	sold	-36,213	7.31	-4,954	chief operating officer
Apr 08, 2024	chakravarthy arthi	acquired	-	-	165,087	see remarks
Apr 08, 2024	talluri rajendra k	acquired	-	-	705,062	president and ceo
Apr 08, 2024	ahmad farhan	acquired	-	-	270,635	chief financial officer

Which funds bought or sold ENVX recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	Cetera Advisors LLC	added	14.26	-97,930	266,164	-%
May 15, 2024	GTS SECURITIES LLC	added	215	788,201	1,561,260	-%
May 15, 2024	WEDBUSH SECURITIES INC	reduced	-4.61	-164,000	257,000	0.01%
May 15, 2024	MASTERS CAPITAL MANAGEMENT LLC	added	3.85	-5,462,500	10,813,500	0.39%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	reduced	-64.98	-3,385,960	977,612	-%
May 15, 2024	OXFORD ASSET MANAGEMENT LLP	sold off	-100	-226,374	-	-%
May 15, 2024	BOOTHBAY FUND MANAGEMENT, LLC	reduced	-3.87	-266,429	425,627	0.01%
May 15, 2024	Brevan Howard Capital Management LP	new	-	192,705	192,705	-%
May 15, 2024	Park West Asset Management LLC	reduced	-16.67	-7,014,000	8,010,000	0.57%
May 15, 2024	Firsthand Capital Management, Inc.	unchanged	-	99,900	240,300	0.39%

Are Funds Buying or Selling ENVX?

Are funds buying ENVX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ENVX

No. of Funds

Unveiling Enovix Corporation's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	park west asset management llc	0.7%	1,200,000	SC 13G/A
Feb 13, 2024	vanguard group inc	7.71%	12,928,993	SC 13G/A
Jan 29, 2024	blackrock inc.	5.9%	9,886,741	SC 13G
Feb 14, 2023	rodgers thurman j	15.7%	25,355,297	SC 13D/A
Feb 14, 2023	park west asset management llc	5.5%	8,645,805	SC 13G/A
Feb 09, 2023	vanguard group inc	6.77%	10,643,744	SC 13G
Jan 25, 2023	eclipse gp iii, llc	4.8%	7,583,258	SC 13G/A
Mar 23, 2022	york capital management global advisors, llc	0.0%	0	SC 13G/A
Feb 14, 2022	gilder gagnon howe & co llc	3.0%	4,353,847	SC 13G/A
Feb 14, 2022	york capital management global advisors, llc	6.35%	-	SC 13G

Recent SEC filings of Enovix Corporation

View All Filings

Date Filed	Form Type	Document
May 15, 2024	4	Insider Trading
May 09, 2024	4	Insider Trading
May 09, 2024	4	Insider Trading
May 09, 2024	4	Insider Trading
May 09, 2024	4	Insider Trading
May 07, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 29, 2024	ARS	ARS
Apr 29, 2024	DEF 14A	DEF 14A
Apr 29, 2024	DEFA14A	DEFA14A

Peers (Alternatives to Enovix Corporation)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CARR	59.3B	23.0B	18.59%	56.04%	44.16	2.58	9.35%	-48.07%
HUBB	21.7B	5.5B	0.50%	49.82%	29.93	3.96	8.06%	32.52%
BLDR	21.0B	17.1B	-6.90%	44.14%	14.31	1.23	-18.27%	-40.02%
CSL	20.1B	4.9B	12.93%	104.80%	23.38	4.09	-3.54%	3.11%
LECO	13.0B	-	-4.14%	36.77%	23.84	3.13	6.67%	16.79%
MID-CAP
AYI	8.2B	3.9B	5.49%	71.61%	21.71	2.13	-6.35%	-0.40%
AAON	6.2B	1.2B	-13.06%	24.34%	34.66	5.35	19.83%	50.95%
ATKR	5.7B	3.4B	-10.45%	33.40%	9.29	1.7	-11.52%	-24.82%
AEIS	4.0B	1.6B	13.34%	22.56%	31.37	2.58	-16.80%	-35.75%
PLUG	2.5B	801.3M	19.30%	-54.97%	-1.73	3.15	3.94%	-88.36%
SMALL-CAP
APOG	1.5B	1.4B	19.05%	75.84%	14.9	1.05	-1.65%	-4.32%
ACTG	530.1M	141.5M	6.67%	31.02%	9.23	3.75	64.77%	235.59%
ACCO	491.6M	1.8B	2.59%	-0.77%	-20.15	0.27	-6.26%	-71.83%
FCEL	388.6M	103.0M	-15.69%	-61.61%	-4.25	3.77	-24.12%	24.29%
APT	58.7M	60.9M	-14.24%	28.21%	13.93	0.96	4.81%	82.22%

Enovix Corporation News

Latest updates

Enovix Corporation Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2
Revenue	9.9%	5,272,000	4,799,000	4,326,000	3,150,000	2,682,000	2,214,000	1,746,000	629,000
Gross Profit	85.5%	-1,800,000	-12,388,000	-16,609,000	-14,193,000	-12,227,000	-9,263,000	-6,621,000	-638,000
Operating Expenses	30.4%	68,336,000	52,389,000	33,774,000	37,652,000	51,023,000	35,891,000	27,058,000	27,393,000
S&GA Expenses	9.8%	19,548,000	17,807,000	17,245,000	16,688,000	27,274,000	15,425,000	13,110,000	11,566,000
R&D Expenses	41.1%	48,788,000	34,582,000	13,508,000	16,553,000	23,749,000	15,545,000	13,948,000	15,827,000
EBITDA Margin	11.8%	-20.19	-22.90	-4.42	-4.98	-5.80	-7.04	-	-
Interest Expenses	318.9%	1,659,000	396,000	1,557,000	1,270,000	2,466,000	-12,000	-	-
Income Taxes	-Infinity%	-152,000	-	-	-	-	-	-	-
Earnings Before Taxes	-Infinity%	-46,649,000	-	-	-	-73,603,000	-	-	-
EBT Margin	0%	-28.10	-28.10	-7.09	-7.46	-7.87	-8.32	-	-
Net Income	22.7%	-46,368,000	-59,977,000	-16,185,000	-64,306,000	-73,603,000	-11,181,000	-82,013,000	-1,135,000
Net Income Margin	12.7%	-24.44	-28.01	-22.69	-33.38	-25.59	-8.32	-	-
Free Cashflow	10.5%	-50,132,000	-56,044,000	-45,500,000	-36,244,000	-28,643,000	-26,683,000	-37,497,000	-24,632,000

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet														(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4
Assets	-9.8%	509	564	520	539	411	441	468	487	506	483	415	230	231	65.00
Current Assets	-14.0%	278	323	376	414	301	330	356	389	416	398	347	0.00	0.00	33.00
Cash Equivalents	-3.9%	224	233	271	343	294	323	349	385	408	385	339	5.00	13.00	29.00
Inventory	-25.2%	7.00	9.00	0.00	1.00	1.00	1.00	0.00	1.00	-	-	-	-	-	-
Net PPE	-4.4%	159	166	137	118	102	104	104	91.00	83.00	77.00	62.00	-	-	31.00
Goodwill	1.0%	12.00	12.00	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities	-8.7%	277	303	267	292	98.00	84.00	109	59.00	85.00	156	92.00	197	-	29.00
Current Liabilities	-6.8%	57.00	61.00	44.00	37.00	25.00	23.00	18.00	17.00	17.00	21.00	15.00	197	79.00	11.00
Long Term Debt	-0.5%	168	169	167	167	-	-	-	-	-	-	-	-	-	-
LT Debt, Non Current	-100.0%	-	169	167	167	-	-	-	-	-	-	-	-	-	-
Shareholder's Equity	-10.1%	232	258	252	247	312	356	358	429	421	326	324	31.00	43.00	36.00
Retained Earnings	-7.8%	-645	-598	-538	-522	-458	-384	-373	-291	-290	-333	-248	-171	-53.85	-207
Additional Paid-In Capital	2.0%	875	857	791	770	770	741	732	720	711	659	572	177	59.00	243
Shares Outstanding	1.4%	170	167	162	159	158	157	152	152	152	117	133	563	-	-
Minority Interest	-4.4%	3.00	3.00	-	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	2,350	-	-	-	970	-	-	-	360	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)															(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3
Cashflow From Operations	-28.7%	-35,044	-27,228	-28,245	-23,552	-25,611	-21,837	-20,604	-20,610	-19,689	-16,792	-19,372	-6,532	-8,610	-250	-
Share Based Compensation	-100.0%	-	11,620	13,633	15,042	29,157	8,250	8,699	8,180	5,238	3,926	3,042	2,257	1,555	-	81.00
Cashflow From Investing	274.6%	19,106	-10,941	-50,555	-78,428	-3,032	-4,846	-16,893	-4,022	-10,451	-12,075	-10,936	-13,432	-7,141	-230,000	-
Cashflow From Financing	147.3%	5,430	2,196	6,465	151,381	-457	527	1,774	1,184	53,025	75,414	364,103	11,649	-76.00	231,024	-
Buy Backs	-100.0%	-	3.00	10.00	4.00	9.00	1.00	1.00	5.00	3.00	14.00	3.00	5.00	5.00	-	-

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ENVX Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Income Statement [Abstract]
Revenue	$ 5,272	$ 21
Cost of revenue	7,072	12,248
Gross margin	(1,800)	(12,227)
Operating expenses:
Research and development	48,788	23,749
Selling, general and administrative	19,548	27,274
Total operating expenses	68,336	51,023
Loss from operations	(70,136)	(63,250)
Other income (expense):
Change in fair value of common stock warrants	21,120	(12,840)
Interest income	3,560	2,466
Interest expense	(1,659)	0
Other income, net	466	21
Total other income (expense), net	23,487	(10,353)
Loss before income tax benefit	(46,649)	(73,603)
Income tax benefit	(152)	0
Net loss	(46,497)	(73,603)
Net loss attributable to non-controlling interests	(129)	0
Net loss attributable to Enovix	$ (46,368)	$ (73,603)
Net loss per share attributable to Enovix shareholders, basic (in dollars per share)	$ (0.28)	$ (0.47)
Weighted average number of common shares outstanding, basic (in shares)	168,144,918	155,626,977
Net loss per share attributable to Enovix shareholders, diluted (in dollars per share)	$ (0.28)	$ (0.47)
Weighted average number of common shares outstanding, diluted (in shares)	168,144,918	155,626,977

ENVX Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 222,150	$ 233,121
Short-term investments	40,243	73,694
Accounts receivable, net	1,728	909
Notes receivable, net	144	1,514
Inventory	6,536	8,737
Prepaid expenses and other current assets	7,207	5,202
Total current assets	278,008	323,177
Property and equipment, net	159,164	166,471
Customer relationship intangibles and other intangibles, net	39,963	42,168
Operating lease, right-of-use assets	14,851	15,290
Goodwill	12,217	12,098
Other assets, non-current	4,700	5,100
Total assets	508,903	564,304
Current liabilities:
Accounts payable	19,277	21,251
Accrued expenses	11,677	13,976
Accrued compensation	9,281	10,731
Short-term debt	8,488	5,917
Deferred revenue	5,306	6,708
Other liabilities	2,855	2,435
Total current liabilities	56,884	61,018
Long-term debt, net	168,275	169,099
Warrant liability	21,780	42,900
Operating lease liabilities, non-current	14,813	15,594
Deferred revenue, non-current	3,774	3,774
Deferred tax liability	11,259	10,803
Other liabilities, non-current	13	13
Total liabilities	276,798	303,201
Commitments and Contingencies (Note 9)
Stockholders’ equity:
Common stock, $0.0001 par value; authorized shares of $1,000,000,000; issued and outstanding shares of $169,738,474 and $167,392,315 as of March 31, 2024 and December 31, 2023, respectively	17	17
Additional paid-in-capital	874,527	857,037
Accumulated other comprehensive loss	(53)	(62)
Accumulated deficit	(645,213)	(598,845)
Total Enovix's stockholders’ equity	229,278	258,147
Non-controlling interest	2,827	2,956
Total equity	232,105	261,103
Total liabilities and equity	$ 508,903	$ 564,304

About Enovix Corporation

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

CEO	Dr. Raj Talluri
WEBSITE	enovix.com
INDUSTRY	Communication Equipment
EMPLOYEES	335

Enovix Corporation Frequently Asked Questions

What is the ticker symbol for Enovix Corporation? What does ENVX stand for in stocks?

ENVX is the stock ticker symbol of Enovix Corporation. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Enovix Corporation (ENVX)?

As of Wed May 15 2024, market cap of Enovix Corporation is 1.59 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ENVX stock?

You can check ENVX's fair value in chart for subscribers.

What is the fair value of ENVX stock?

You can check ENVX's fair value in chart for subscribers. The fair value of Enovix Corporation is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Enovix Corporation is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ENVX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Enovix Corporation a good stock to buy?

The fair value guage provides a quick view whether ENVX is over valued or under valued. Whether Enovix Corporation is cheap or expensive depends on the assumptions which impact Enovix Corporation's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ENVX.

What is Enovix Corporation's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 15 2024, ENVX's PE ratio (Price to Earnings) is -8.5 and Price to Sales (PS) ratio is 207.72. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ENVX PE ratio will change depending on the future growth rate expectations of investors.