ENVX Company Profile and Key Details

Short-term trend indicators are bullishly aligned (SMA20 -4.09%, SMA50 -16.98%, SMA200 -37.2%). The stock’s 14-day RSI is 39.7 (weak momentum), while the ATR of 0.48 points to higher daily volatility. The stock remains hovering near 52-week lows, trading -63.92% below its high and over 12.9% above its low. Average 10-day trading volume of 5.90 million shares is below the 3-month average of 6.57 million, indicating normal recent market interest.

Enovix Corporation last paid a dividend of 0 per share, Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around -$5.58. This means the shares are trading below this model’s fair value.

Enovix Corporation has 196.60 million shares outstanding. The public float is 172.95 million shares, elevated short interest at 29.07% of float. This equals 42.95 million shares. The short ratio is 4.08 days. Institutional investors hold 53.63% of the float. Insiders own 12.81%. Park West Asset Management LLC holds 6.44 million shares, RUST HARROLD J has 1.37 million shares and Lahiri Ashok has 1.36 million shares.

Enovix Corporation generated EPS of -$0.81 over the past year. Five-year average earnings growth is 2.05%. The latest quarter delivered EPS of -$0.18. The next quarter is forecast at -$0.15. Next year's EPS is expected at $1.59. Analyst sentiment is bullish. Analyst rating data shows there are 2 Strong Buy ratings, 7 Buy ratings, 5 Hold ratings, 0 Sell rating and 0 Strong Sell ratings. Price targets range from $25.00 to $6.00. The high target offers 389.24% upside. The low target suggests 17.42% downside. The mean target is $16.00. This offers 213.11% upside. Enovix Corporation earnings surprise history is frequent misses against expectations. The quarter that ended May 13, 2026, missed forecasts by 20.0%. The prior quarter beat by -17.65%. Over the last six quarters, Apple has recorded several small beats. These include -38.89% in February 19, 2025.

Enovix Corporation (NASDAQ:ENVX) closed at $5.11 USD, gaining $0.05 (0.99%) from the previous close of $5.06. The stock is currently mid-range between its 52-week high and low $4.62 and $16.49. With a market capitalization of about $1.11 billion, Enovix Corporation is classified as a small-cap and shows higher-than-market volatility (beta ~2.25). Key stats such as the average daily volume over the past year has been around 6.62 million shares, volume is running light vs its 52-week average. Headquartered in Fremont, CA, Enovix Corporation operates in the Industrials sector and the Electrical Equipment & Parts industry. Led by CEO Raj Talluri, the company employs approximately 664 people and listed since January 05, 2021. Founded in 2007 and based in Fremont, California, Enovix Corporation specializes in the innovation, development, and production of lithium-ion battery technology.

Enovix Corporation trades at a P/E ratio of -6.2, slightly below the S&P 500 average, with a price-to-sales ratio of 32.29 and a price-to-book ratio of 4.59 trading at moderately above to book value. The P/FCF stands at -8.75, also below market averages.

Our AI price prediction model suggests that Enovix Corporation stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term. 2-Week Outlook: Projected decline of -21.72%, with price expected at $4.00 by July 28, 2026, within a range of $3.39 to $4.63 3-Month Outlook: Projected fall of -73.78%, reaching $1.34 by October 12, 2026, with a range of $0.86 to $1.65. 1-Year Outlook: Projected loss of -46.97%, with price at $2.71 by July 14, 2027, within a range of $0.00 to $1.92.

Enovix Corporation (NASDAQ:ENVX) shares are flat 1.03% year-to-date currently trading near 52-week highs band. Short-term momentum has been negative over the last quarter, despite recent volatility. Valuation shows Enovix Corporation trading at a premium to the broader market with a P/E of -6.2. Analyst sentiment is mixed, with the majority of ratings in Hold territory and a mean price target of $23.67, suggesting 363.21% upside. Our AI forecast model points to short-term weakness (-21.72% over two weeks), a medium-term fall (-73.78% over three months), and a longer-term loss (-46.97% over one year), with expected trading ranges indicating moderate volatility.