Northland Capmk Comments on Enovix FY2026 Earnings

Enovix Co. (NASDAQ:ENVX) – Investment analysts at Northland Capmk issued their FY2026 earnings per share (EPS) estimates for shares of Enovix in a note issued to 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.

A number of other analysts also recently commented on the stock. Craig Hallum boosted their price objective on shares of Enovix from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Oppenheimer reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Enovix in a research note on Monday, August 26th. Benchmark reaffirmed a “buy” rating and set a $25.00 price objective on shares of Enovix in a report on Wednesday, October 30th. Canaccord Genuity Group upped their target price on Enovix from $17.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $30.00 price objective on shares of Enovix in a research report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.50.

Enovix Price Performance

Enovix stock opened at $9.53 on Monday. The business has a 50 day simple moving average of $10.00 and a 200-day simple moving average of $11.31. Enovix has a 12 month low of $5.70 and a 12 month high of $18.68. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.77 and a quick ratio of 3.61. The stock has a market capitalization of $1.70 billion, a PE ratio of -5.92 and a beta of 1.99.

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

Insider Transactions at Enovix

In other Enovix news, insider Arthi Chakravarthy sold 35,000 shares of Enovix stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $13.00, for a total value of $455,000.00. Following the transaction, the insider now owns 343,305 shares in the company, valued at approximately $4,462,965. The trade was a 9.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 15.70% of the company’s stock.

Hedge Funds Weigh In On Enovix

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENVX. Prospera Private Wealth LLC acquired a new stake in shares of Enovix during the third quarter worth approximately $27,000. Blue Trust Inc. raised its holdings in Enovix by 102.1% in the 2nd quarter. Blue Trust Inc. now owns 1,894 shares of the company’s stock worth $29,000 after acquiring an additional 957 shares during the period. Beacon Capital Management LLC lifted its position in shares of Enovix by 71.9% during the 1st 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 last quarter. GAMMA Investing LLC lifted its holdings in shares of Enovix by 11,176.2% during the second quarter. GAMMA Investing LLC now owns 2,368 shares of the company’s stock worth $37,000 after buying an additional 2,347 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Enovix in the 2nd quarter worth $39,000. 50.92% of the stock is currently owned by hedge funds and other institutional investors.

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.