Enovix (NASDAQ:ENVX) Releases Q1 2025 Earnings Guidance

Enovix (NASDAQ:ENVX) updated its first quarter 2025 earnings guidance on Wednesday. The company provided EPS guidance of -0.210–0.150 for the period, compared to the consensus EPS 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.

Analysts Set New Price Targets

ENVX has been the subject of several research analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $30.00 target price on shares of Enovix in a research note on Thursday. Benchmark reiterated a “buy” rating and set a $25.00 price objective on shares of Enovix in a research report on Wednesday, October 30th. Craig Hallum cut 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, Janney Montgomery Scott downgraded shares of Enovix from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a report on Thursday, October 31st. Two research 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. Based on data from MarketBeat, Enovix presently has a consensus rating of “Moderate Buy” and an average price target of $20.30.

Enovix Trading Down 7.1 %

Shares of ENVX traded down $0.80 during mid-day trading on Thursday, reaching $10.39. 5,361,402 shares of the company were exchanged, compared to its average volume of 6,888,279. The business has a 50 day simple moving average of $11.06 and a two-hundred day simple moving average of $10.29. 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 stock has a market capitalization of $1.85 billion, a PE ratio of -6.50 and a beta of 1.87. Enovix has a 52 week low of $5.70 and a 52 week high of $18.68.

Enovix (NASDAQ:ENVX) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.01. Enovix had a negative net margin of 1,180.21% and a negative return on equity of 102.19%. The firm had revenue of $9.72 million during the quarter, compared to analyst estimates of $8.77 million. On average, analysts predict that Enovix will post -1.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Enovix

In related news, Director Betsy S. Atkins sold 75,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $9.73, for a total transaction of $729,750.00. Following the sale, the director now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 15.70% of the company’s stock.

About Enovix

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.