Enovix (ENVX)

• Market cap: $1.28B
• 1 day: -1.03%
• 5 days: 4.36%
• 1 month: -8.72%
• 3 months: -45.88%
• 6 months: -36.07%
• Year to date: -44.67%
• 1 year: 7.03%
• 5 years: -46.61%
• 10 years: -46.61%
• Sector: Industrials
• Industry: Electrical Equipment & Parts

About: Enovix Corp is engaged in designing, developing, manufacturing, and commercializing Lithium-ion, or Li-ion, battery cells. It uses BreakFlow and Encapsulation technologies to manufacture high capacity and resilient batteries. The company's product portfolio comprises power disc batteries, flexible lithium-ion polymer batteries, superior lithium-ion polymer batteries, active silicon lithium-ion cells, and others. Geographically, the company generates maximum revenue from its customers in South Korea, followed by Switzerland, Norway, the United States, Taiwan, and other regions.

Employees: 570

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]

93% more call options, than puts

Call options by funds: $261M | Put options by funds: $135M

86% more repeat investments, than reductions

Existing positions increased: 130 | Existing positions reduced: 70

53% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 36

23% more capital invested

Capital invested by funds: $813M [Q3] → $1B (+$189M) [Q4]

6% more funds holding

Funds holding: 286 [Q3] → 303 (+17) [Q4]

0.31% less ownership

Funds ownership: 49.3% [Q3] → 48.99% (-0.31%) [Q4]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $10 49% upside
• Avg. target: $17 154% upside
• High target: $30 348% upside

5 analyst ratings

• positive: 5 100%
• neutral: 0 0%
• negative: 0 0%

B. Riley Securities Christopher Souther 50% 1-year accuracy 3 / 6 met price target	79% upside $12	Buy Maintained	29 Apr 2025
JP Morgan Bill Peterson 47% 1-year accuracy 17 / 36 met price target	49% upside $10	Overweight Maintained	24 Apr 2025
Benchmark Mickey Legg 43% 1-year accuracy 3 / 7 met price target	124% upside $15	Buy Maintained	15 Apr 2025
Craig-Hallum Anthony Stoss 24% 1-year accuracy 9 / 37 met price target	169% upside $18	Buy Maintained	20 Feb 2025
Cantor Fitzgerald Derek Soderberg 12% 1-year accuracy 2 / 17 met price target	348% upside $30	Overweight Reiterated	20 Feb 2025