Enovix Corp Stock Today

ENVX Stock  USD 10.41  0.47  4.32%   

Performance

0 of 100

 
Weak
 
Strong
Very Weak

Odds Of Distress

Less than 37

 
High
 
Low
Below Average
Enovix Corp is trading at 10.41 as of the 27th of October 2024; that is 4.32% down since the beginning of the trading day. The stock's open price was 10.88. Enovix Corp has about a 37 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Enovix Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of February 2023 and ending today, the 27th of October 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
15th of July 2021
Category
Industrials
Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California. Enovix Corp operates under Electrical Equipment Parts classification in the United States and is traded on NASDAQ Exchange. The company has 176.28 M outstanding shares of which 51.82 M shares are currently shorted by private and institutional investors with about 9.18 trading days to cover. More on Enovix Corp

Moving together with Enovix Stock

  0.63ELVA Electrovaya Common SharesPairCorr

Moving against Enovix Stock

  0.58EPOW Sunrise New EnergyPairCorr

Enovix Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEO PresidentRaj Talluri
Thematic IdeaElectrical Equipment (View all Themes)
Business ConcentrationElectrical Components & Equipment, Electrical Equipment & Parts, Industrials, NASDAQ Composite, Electrical Equipment, Industrials, Electrical Equipment, Electrical Equipment & Parts, Industrials (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover4.0E-45.0E-4
Notably Down
Slightly volatile
Total Current Liabilities64.1 M61 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total125.7 M242.2 M
Way Down
Slightly volatile
Total Assets426.9 M564.3 M
Way Down
Slightly volatile
Total Current Assets240.8 M323.2 M
Way Down
Slightly volatile
Debt Levels
Enovix Corp can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Enovix Corp's financial leverage. It provides some insight into what part of Enovix Corp's total assets is financed by creditors.
Liquidity
Enovix Corp currently holds 190.61 M in liabilities with Debt to Equity (D/E) ratio of 0.02, which may suggest the company is not taking enough advantage from borrowing. Enovix Corp has a current ratio of 22.33, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Enovix Corp's use of debt, we should always consider it together with its cash and equity.

End Period Cash Flow

224.15 Million
Enovix Corp (ENVX) is traded on NASDAQ Exchange in USA. It is located in 3501 West Warren Avenue, Fremont, CA, United States, 94538 and employs 560 people. Enovix Corp is listed under Electrical Components & Equipment category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.85 B. Enovix Corp conducts business under Electrical Equipment sector and is part of Industrials industry. The entity has 176.28 M outstanding shares of which 51.82 M shares are currently shorted by private and institutional investors with about 9.18 trading days to cover. Enovix Corp currently holds about 384.73 M in cash with (77.41 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.45.
Check Enovix Corp Probability Of Bankruptcy
Ownership Allocation
Enovix Corp holds a total of 176.28 Million outstanding shares. 30% of Enovix Corp outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Enovix Ownership Details

Enovix Stock Institutional Holders

InstituionRecorded OnShares
Goldman Sachs Group Inc2024-06-30
1.4 M
Bank Of America Corp2024-06-30
1.2 M
Northern Trust Corp2024-06-30
1.2 M
Charles Schwab Investment Management Inc2024-06-30
1.2 M
Jpmorgan Chase & Co2024-06-30
M
Masters Capital Management Llc2024-06-30
1000 K
Stifel Financial Corp2024-06-30
895.1 K
Old West Investment Management, Llc2024-06-30
835.4 K
Wells Fargo & Co2024-06-30
799.2 K
Vanguard Group Inc2024-06-30
13.3 M
Blackrock Inc2024-06-30
10.5 M
View Enovix Corp Diagnostics

Enovix Corp Historical Income Statement

At this time, Enovix Corp's Net Interest Income is fairly stable compared to the past year. Depreciation And Amortization is likely to rise to about 176.3 K in 2024, whereas Interest Expense is likely to drop slightly above 1.8 M in 2024. View More Fundamentals

Enovix Stock Against Markets

Enovix Corp Corporate Management

James WilcoxVP MobilityProfile
Kristin AtkinsVice MarketingProfile
Iryna RomanivVice ResourcesProfile
Charles AndersonFunctional RelationsProfile
Harrold RustCEO, CoFounderProfile
Ashok LahiriFounder CTOProfile
Jonathan DoanSenior DevelopmentProfile

Additional Tools for Enovix Stock Analysis

When running Enovix Corp's price analysis, check to measure Enovix Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enovix Corp is operating at the current time. Most of Enovix Corp's value examination focuses on studying past and present price action to predict the probability of Enovix Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enovix Corp's price. Additionally, you may evaluate how the addition of Enovix Corp to your portfolios can decrease your overall portfolio volatility.