Doheny Asset Management CA Sells 100,308 Shares of Enovix Corporation $ENVX

Doheny Asset Management CA cut its stake in Enovix Corporation (NASDAQ:ENVX) by 48.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,044 shares of the company’s stock after selling 100,308 shares during the quarter. Doheny Asset Management CA’s holdings in Enovix were worth $782,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Caitlin John LLC bought a new position in shares of Enovix in the 3rd quarter worth about $27,000. Parallel Advisors LLC increased its stake in shares of Enovix by 51.9% in the 3rd quarter. Parallel Advisors LLC now owns 3,926 shares of the company’s stock worth $39,000 after acquiring an additional 1,342 shares in the last quarter. CWM LLC increased its stake in shares of Enovix by 95.4% in the 4th quarter. CWM LLC now owns 6,081 shares of the company’s stock worth $44,000 after acquiring an additional 2,969 shares in the last quarter. Bowman & Co S.C. bought a new position in shares of Enovix in the 4th quarter worth about $73,000. Finally, CIBC Asset Management Inc bought a new position in shares of Enovix in the 4th quarter worth about $78,000. 50.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ENVX shares. Bank of America started coverage on shares of Enovix in a research note on Thursday, March 12th. They issued a “neutral” rating and a $6.00 price target for the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Enovix in a research note on Friday, April 10th. Benchmark decreased their price target on shares of Enovix from $25.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. JPMorgan Chase & Co. lowered shares of Enovix from a “neutral” rating to an “underweight” rating in a research note on Wednesday, May 6th. Finally, B. Riley Financial decreased their price target on shares of Enovix from $17.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.64.

Enovix Stock Performance

Shares of ENVX stock opened at $7.28 on Monday. Enovix Corporation has a one year low of $4.61 and a one year high of $16.49. The company’s 50-day moving average is $6.50 and its 200 day moving average is $6.78. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -8.77 and a beta of 2.27. The company has a debt-to-equity ratio of 2.14, a quick ratio of 10.65 and a current ratio of 10.97.

Enovix (NASDAQ:ENVX) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.01. Enovix had a negative net margin of 499.64% and a negative return on equity of 64.28%. The company had revenue of $7.60 million for the quarter, compared to the consensus estimate of $6.95 million. During the same period in the prior year, the firm posted ($0.15) EPS. Enovix’s revenue for the quarter was up 49.1% on a year-over-year basis. Enovix has set its Q2 2026 guidance at -0.170–0.130 EPS. Sell-side analysts expect that Enovix Corporation will post -0.79 EPS for the current fiscal year.

Enovix Company Profile

Enovix Corporation (NASDAQ: ENVX) develops and manufactures advanced lithium-ion battery cells with a patented three-dimensional silicon-anode architecture. The company’s core focus is on delivering high energy density, improved safety, and longer cycle life compared to conventional graphite-based cells. Enovix’s technology targets a range of applications, including consumer electronics, wearable devices, electric vehicles and stationary energy storage systems.

Founded in 2011 and headquartered in Fremont, California, Enovix has built pilot production capability and is scaling up manufacturing capacity to meet growing demand.