Northland Capmk Weighs in on Enovix FY2026 Earnings

Enovix Co. (NASDAQ:ENVX) – Equities researchers at Northland Capmk issued their FY2026 EPS estimates for Enovix in a research report issued on Friday, November 22nd. Northland Capmk analyst G. Richard forecasts that the company will earn ($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 posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.03. Enovix had a negative net margin of 1,180.21% and a negative return on equity of 102.19%. The firm had revenue of $4.30 million for the quarter, compared to analysts’ expectations of $4.11 million. During the same period in the previous year, the company posted ($0.27) EPS.

A number of other equities research analysts have also recently issued reports on the stock. TD Cowen upped their price target on shares of Enovix from $11.00 to $14.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Benchmark reiterated a “buy” rating and issued a $25.00 price objective on shares of Enovix in a research note on Wednesday, October 30th. JPMorgan Chase & Co. reduced their price target on shares of Enovix from $18.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 22nd. Piper Sandler reaffirmed an “overweight” rating and issued a $19.00 price target (down from $23.00) on shares of Enovix in a report on Monday, August 5th. Finally, Janney Montgomery Scott cut shares of Enovix from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research report on Thursday, October 31st. Two equities research 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. According to MarketBeat.com, Enovix currently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

Enovix Stock Performance

ENVX stock opened at $9.43 on Monday. Enovix has a 12 month low of $5.70 and a 12 month high of $18.68. The firm has a 50 day moving average of $10.01 and a two-hundred day moving average of $11.31. The company has a quick ratio of 3.61, a current ratio of 3.77 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of -5.86 and a beta of 1.99.

Institutional Investors Weigh In On Enovix

A number of hedge funds have recently made changes to their positions in ENVX. Blue Trust Inc. grew its stake in shares of Enovix by 102.1% during the second quarter. Blue Trust Inc. now owns 1,894 shares of the company’s stock valued at $29,000 after buying an additional 957 shares during the last quarter. GAMMA Investing LLC boosted its position in Enovix by 11,176.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,368 shares of the company’s stock valued at $37,000 after buying an additional 2,347 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in shares of Enovix in the second quarter valued at about $39,000. Prospera Private Wealth LLC purchased a new position in Enovix during the 3rd quarter valued at about $27,000. Finally, Beacon Capital Management LLC grew its position in shares of Enovix by 71.9% in the 1st quarter. Beacon Capital Management LLC now owns 4,298 shares of the company’s stock worth $34,000 after buying an additional 1,798 shares during the last quarter. 50.92% of the stock is currently owned by institutional investors.

Insider Activity at Enovix

In other Enovix news, insider Arthi Chakravarthy sold 35,000 shares of the business’s 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.70% of the stock is owned by company insiders.

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.