Enovix (NASDAQ:ENVX) Issues 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.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ENVX. 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. Benchmark restated a “buy” rating and set a $25.00 price target on shares of Enovix in a report on Wednesday, October 30th. JPMorgan Chase & Co. reduced 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. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $30.00 target price on shares of Enovix in a report on Wednesday, October 30th. Two 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, the company has an average rating of “Moderate Buy” and an average price target of $20.50.

Enovix Stock Up 0.3 %

Shares of ENVX traded up $0.03 during mid-day trading on Wednesday, reaching $11.19. The company had a trading volume of 10,623,974 shares, compared to its average volume of 6,858,173. 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 firm has a 50-day moving average price of $11.03 and a 200 day moving average price of $10.29. Enovix has a 52 week low of $5.70 and a 52 week high of $18.68. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of -6.95 and a beta of 1.87.

Enovix (NASDAQ:ENVX) last issued its quarterly earnings results on Wednesday, February 19th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.01. Enovix had a negative return on equity of 102.19% and a negative net margin of 1,180.21%. On average, sell-side analysts forecast that Enovix will post -1.16 EPS for the current year.

Insider Transactions at Enovix

In related news, Director Betsy S. Atkins sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $9.73, for a total value of $729,750.00. Following the transaction, the director now directly owns 99,497 shares of the company’s stock, valued at approximately $968,105.81. This represents a 42.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 15.70% of the company’s stock.

Enovix Company Profile

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.