Enovix (NASDAQ:ENVX) Stock Set to Split on Friday, November 13th

Shares of Enovix Corporation (NASDAQ:ENVX) are set to split on the morning of Friday, November 13th. The 5-4 split was recently announced. The newly issued shares will be distributed to shareholders after the market closes on Thursday, November 12th.

Enovix Price Performance

NASDAQ:ENVX opened at $2.76 on Monday. The company has a quick ratio of 9.37, a current ratio of 9.71 and a debt-to-equity ratio of 2.46. Enovix has a 52 week low of $2.19 and a 52 week high of $9.89. The stock’s 50-day moving average price is $2.89 and its 200-day moving average price is $5.03. The stock has a market capitalization of $605.68 million, a PE ratio of -3.41 and a beta of 2.34.

Enovix (NASDAQ:ENVX) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.02. The business had revenue of $9.02 million during the quarter, compared to analysts’ expectations of $8.43 million. Enovix had a negative return on equity of 64.50% and a negative net margin of 473.89%. The business’s revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.13) earnings per share. Enovix has set its Q3 2026 guidance at -0.170–0.130 EPS. As a group, equities analysts expect that Enovix will post -0.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on ENVX. Northland Securities set a $5.00 price objective on Enovix in a research note on Tuesday, October 13th. Canaccord Genuity Group decreased their target price on Enovix from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $25.00 price target on shares of Enovix in a research note on Thursday, August 13th. Wall Street Zen cut Enovix from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 31st. Finally, B. Riley Financial reduced their price objective on Enovix from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.77.

Institutional Trading of Enovix

Large investors have recently bought and sold shares of the business. Vista Capital Partners Inc. acquired a new position in Enovix during the third quarter worth $284,000. Fulcrum Asset Management LLP grew its holdings in Enovix by 69.8% in the 3rd quarter. Fulcrum Asset Management LLP now owns 45,065 shares of the company’s stock valued at $124,000 after buying an additional 18,523 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Enovix by 58.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 454,446 shares of the company’s stock valued at $1,318,000 after buying an additional 166,892 shares in the last quarter. Sowell Financial Services LLC increased its stake in shares of Enovix by 144.1% in the 3rd quarter. Sowell Financial Services LLC now owns 128,995 shares of the company’s stock worth $374,000 after acquiring an additional 76,150 shares during the last quarter. Finally, Inspire Investing LLC increased its stake in shares of Enovix by 96.0% in the 3rd quarter. Inspire Investing LLC now owns 219,586 shares of the company’s stock worth $637,000 after acquiring an additional 107,563 shares during the last quarter. Hedge funds and other institutional investors own 50.92% of the company’s stock.

Enovix Company Profile

Enovix Corporation is a battery technology company that develops lithium-ion batteries using a silicon-anode architecture. Its approach is designed to increase energy density while maintaining safety and cycle-life characteristics through a three-dimensional cell design and a mechanical constraint system that helps manage silicon expansion during charging.

The company’s products are intended for applications that require compact, high-performance power sources, including consumer electronics, wearable devices, Internet of Things equipment, industrial products, and defense and aerospace systems.