Cantor Fitzgerald Estimates Enovix FY2025 Earnings

Enovix Co. (NASDAQ:ENVX) – Stock analysts at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for shares of Enovix in a research note issued on Tuesday, January 21st. Cantor Fitzgerald analyst D. Soderberg expects that the company will post earnings per share of ($1.18) for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $30.00 price objective on the stock. The consensus estimate for Enovix’s current full-year earnings is ($1.17) per share.

Enovix (NASDAQ:ENVX) last announced its earnings results on Tuesday, October 29th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.03. Enovix had a negative return on equity of 102.19% and a negative net margin of 1,180.21%. The business had revenue of $4.30 million for the quarter, compared to analyst estimates of $4.11 million. During the same quarter last year, the firm earned ($0.27) EPS.

Other equities research analysts have also issued reports about the stock. Benchmark reiterated a “buy” rating and issued a $25.00 price target on shares of Enovix in a research note on Wednesday, October 30th. Janney Montgomery Scott lowered 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. Finally, JPMorgan Chase & Co. decreased their price target on Enovix from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Enovix has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Enovix Price Performance

NASDAQ ENVX opened at $12.32 on Thursday. Enovix has a 12-month low of $5.70 and a 12-month high of $18.68. The firm’s 50 day moving average is $10.30 and its 200-day moving average is $10.86. The company has a market capitalization of $2.19 billion, a PE ratio of -7.65 and a beta of 1.86. The company has a quick ratio of 3.61, a current ratio of 3.77 and a debt-to-equity ratio of 0.99.

Insider Buying and Selling

In other Enovix news, Director Betsy S. Atkins sold 75,000 shares of Enovix stock in a transaction 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 transaction, 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 document filed with the SEC, which is available through this hyperlink. 15.70% of the stock is owned by insiders.

Institutional Trading of Enovix

A number of hedge funds have recently modified their holdings of the stock. Prospera Private Wealth LLC acquired a new position in Enovix in the 3rd quarter valued at about $27,000. Fifth Third Bancorp grew its position in shares of Enovix by 66.7% in the fourth quarter. Fifth Third Bancorp now owns 2,500 shares of the company’s stock valued at $27,000 after purchasing an additional 1,000 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of Enovix during the second quarter worth approximately $39,000. R Squared Ltd acquired a new stake in Enovix during the 4th quarter worth approximately $64,000. Finally, Voisard Asset Management Group Inc. boosted its stake in Enovix by 40.0% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 7,000 shares of the company’s stock valued at $65,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 50.92% 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.