Enovix (NASDAQ:ENVX – Get Free Report) will release its earnings data after the market closes on Tuesday, October 29th. Analysts expect Enovix to post earnings of ($0.20) per share for the quarter. Enovix has set its Q3 guidance at $(0.23)-(0.17) EPS and its Q3 2024 guidance at -0.360–0.300 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.
Enovix (NASDAQ:ENVX – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.04. Enovix had a negative return on equity of 91.21% and a negative net margin of 1,434.34%. The company had revenue of $3.77 million during the quarter, compared to analyst estimates of $3.85 million. On average, analysts expect Enovix to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Enovix Trading Up 0.1 %
Shares of ENVX stock opened at $11.46 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.84 and a current ratio of 3.98. Enovix has a 1 year low of $5.70 and a 1 year high of $18.68. The stock has a fifty day moving average of $10.01 and a two-hundred day moving average of $10.92. The firm has a market capitalization of $2.02 billion, a PE ratio of -7.16 and a beta of 1.98.
Insider Transactions at Enovix
Analyst Ratings Changes
Several brokerages have recently weighed in on ENVX. B. Riley upgraded Enovix to a “strong-buy” rating in a report on Tuesday, June 25th. Oppenheimer restated an “outperform” rating and issued a $36.00 price objective on shares of Enovix in a report on Monday, August 26th. Craig Hallum upped their price objective on Enovix from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Cantor Fitzgerald restated an “overweight” rating and issued a $30.00 price objective on shares of Enovix in a report on Thursday, August 1st. Finally, Benchmark began coverage on Enovix in a report on Monday, July 22nd. They issued a “buy” rating and a $25.00 price objective for the company. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $21.33.
View Our Latest Report on ENVX
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.
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