Northland Capmk Weighs in on Enovix FY2026 Earnings

Enovix Co. (NASDAQ:ENVX) – Investment analysts at Northland Capmk issued their FY2026 earnings per share estimates for shares of Enovix in a research report issued to clients and investors on Friday, November 22nd. Northland Capmk analyst G. Richard expects that the company will post earnings of ($0.65) per share for the year. The consensus estimate for Enovix’s current full-year earnings is ($1.17) per share.

Enovix (NASDAQ:ENVX) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.17) earnings per share 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 the consensus estimate of $4.11 million. During the same quarter in the previous year, the company posted ($0.27) earnings per share.

ENVX has been the topic of a number of other research reports. Janney Montgomery Scott downgraded Enovix from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price target on Enovix from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Tuesday, October 22nd. Craig Hallum lifted their price target on Enovix from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Canaccord Genuity Group lifted their price objective on Enovix from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Benchmark reissued a “buy” rating and set a $25.00 price objective on shares of Enovix in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

Enovix Stock Performance

Shares of ENVX stock opened at $9.22 on Monday. Enovix has a 1-year low of $5.70 and a 1-year high of $18.68. The company has a current ratio of 3.77, a quick ratio of 3.61 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of -5.73 and a beta of 1.99. The stock’s fifty day simple moving average is $10.00 and its 200-day simple moving average is $11.31.

Insiders Place Their Bets

In other Enovix news, insider Arthi Chakravarthy sold 35,000 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $13.00, for a total value of $455,000.00. Following the completion of the sale, the insider now owns 343,305 shares of the company’s stock, valued at $4,462,965. The trade was a 9.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 15.70% of the company’s stock.

Institutional Trading of Enovix

Institutional investors and hedge funds have recently made changes to their positions in the stock. Prospera Private Wealth LLC bought a new position in shares of Enovix in the third quarter worth about $27,000. Blue Trust Inc. increased its stake in shares of Enovix by 102.1% in the second quarter. Blue Trust Inc. now owns 1,894 shares of the company’s stock worth $29,000 after purchasing an additional 957 shares during the period. Beacon Capital Management LLC increased its stake in shares of Enovix by 71.9% in the first quarter. Beacon Capital Management LLC now owns 4,298 shares of the company’s stock worth $34,000 after purchasing an additional 1,798 shares during the period. GAMMA Investing LLC increased its stake in shares of Enovix by 11,176.2% in the second quarter. GAMMA Investing LLC now owns 2,368 shares of the company’s stock worth $37,000 after purchasing an additional 2,347 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Enovix in the second quarter worth about $39,000. Institutional investors and hedge funds own 50.92% 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.