
Enovix Corporation (ENVX) Stock Forecast & Price Target
Enovix Corporation (ENVX) Analyst Ratings
Bulls say
Enovix Corp demonstrated significant financial growth, reporting revenue of approximately $7.5 million in the latest period, marking a 47.1% sequential increase from the previous quarter’s revenue of about $5.1 million. Additionally, the company achieved a non-GAAP gross profit of approximately $1.2 million, reflecting a substantial improvement from both the prior quarter’s gross profit of $0.4 million and an annual increase from a negative gross profit of approximately $0.6 million in the same period last year. The strong performance is further bolstered by the management team's robust industry connections, enhancing the company's prospects for continued success in the competitive battery market.
Bears say
Enovix Corp reported a non-GAAP net loss of approximately $26.2 million for the second quarter of 2025, representing a slight improvement from the previous quarter but still indicating ongoing financial challenges. The company held cash and equivalents of around $203.4 million, raising concerns about its ability to sustain operations amid rising operating expenses and unfavorable product mix expected in the third quarter. Furthermore, the apprehension regarding demand for its products persists, complicating the company’s path to profitability as it prepares for a manufacturing scale-up.
This aggregate rating is based on analysts' research of Enovix Corporation and is not a guaranteed prediction by Public.com or investment advice.
Enovix Corporation (ENVX) Analyst Forecast & Price Prediction
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