Enovix FY2025 EPS Estimate Decreased by Cantor Fitzgerald

Enovix Co. (NASDAQ:ENVX) – Cantor Fitzgerald reduced their FY2025 earnings per share (EPS) estimates for shares of Enovix in a research note issued on Thursday, March 27th. Cantor Fitzgerald analyst D. Soderberg now anticipates that the company will earn ($0.83) per share for the year, down from their prior estimate of ($0.82). Cantor Fitzgerald has a “Overweight” rating and a $30.00 price target on the stock. The consensus estimate for Enovix’s current full-year earnings is ($1.01) per share.

Enovix (NASDAQ:ENVX) last posted its earnings results on Wednesday, February 19th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.01. Enovix had a negative net margin of 963.17% and a negative return on equity of 96.99%. The firm had revenue of $9.72 million during the quarter, compared to analyst estimates of $8.77 million.

Separately, Craig Hallum cut their target price on Enovix from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Enovix presently has an average rating of “Moderate Buy” and a consensus target price of $20.30.

Enovix Trading Down 1.9 %

Shares of ENVX stock opened at $7.34 on Monday. 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 company has a market capitalization of $1.40 billion, a price-to-earnings ratio of -5.06 and a beta of 1.93. Enovix has a 52-week low of $5.70 and a 52-week high of $18.68. The company has a 50-day simple moving average of $9.85 and a two-hundred day simple moving average of $10.04.

Insider Buying and Selling

In related news, CEO Rajendra K. Talluri sold 300,000 shares of Enovix stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $9.35, for a total value of $2,805,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,045,301 shares in the company, valued at approximately $19,123,564.35. The trade was a 12.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Enovix

A number of large investors have recently made changes to their positions in ENVX. California State Teachers Retirement System boosted its stake in Enovix by 2.8% in the 4th quarter. California State Teachers Retirement System now owns 141,206 shares of the company’s stock worth $1,535,000 after purchasing an additional 3,870 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Enovix by 6.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,413 shares of the company’s stock valued at $233,000 after acquiring an additional 1,336 shares during the period. Fluent Financial LLC purchased a new position in Enovix during the fourth quarter valued at approximately $737,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Enovix during the 4th quarter worth approximately $2,101,000. Finally, B. Riley Wealth Advisors Inc. lifted its stake in Enovix by 104.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 23,575 shares of the company’s stock worth $256,000 after purchasing an additional 12,050 shares in the last quarter. 50.92% of the stock is owned by institutional investors.

Enovix Company Profile

Enovix Corporation designs develops and manufactures silicon-anode 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.