Enovix (NASDAQ:ENVX) Updates 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.

Enovix Stock Down 7.1 %

Shares of ENVX stock traded down $0.80 on Thursday, reaching $10.39. 5,361,402 shares of the company were exchanged, compared to its average volume of 6,888,279. 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 company has a 50-day moving average of $11.06 and a 200-day moving average of $10.29. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -6.50 and a beta of 1.87. Enovix has a one year low of $5.70 and a one year high of $18.68.

Enovix (NASDAQ:ENVX) last issued its earnings results on Wednesday, February 19th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.01. The company had revenue of $9.72 million for the quarter, compared to analyst estimates of $8.77 million. Enovix had a negative return on equity of 102.19% and a negative net margin of 1,180.21%. Analysts anticipate that Enovix will post -1.16 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on ENVX shares. Benchmark restated a “buy” rating and set a $25.00 price objective on shares of Enovix in a research note on Wednesday, October 30th. Craig Hallum lowered their target price on shares of Enovix from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday. Janney Montgomery Scott cut shares of 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. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $30.00 price objective on shares of Enovix in a research report on Thursday. Two analysts have rated the stock with a hold rating, eight have issued 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 $20.30.

Insider Buying and Selling at Enovix

In other Enovix news, Director Betsy S. Atkins sold 75,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $9.73, for a total transaction of $729,750.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.