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Upturn AI SWOT - About
Enovix Corp (ENVX)
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Upturn Advisory Summary
04/22/2025: ENVX (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit 28.13% | Avg. Invested days 28 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 04/22/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.18B USD | Price to earnings Ratio - | 1Y Target Price 26.91 |
Price to earnings Ratio - | 1Y Target Price 26.91 | ||
Volume (30-day avg) 5498392 | Beta 1.97 | 52 Weeks Range 5.27 - 18.68 | Updated Date 04/22/2025 |
52 Weeks Range 5.27 - 18.68 | Updated Date 04/22/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.27 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Revenue by Geography
Earnings Date
Report Date 2025-04-29 | When Before Market | Estimate -0.29 | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -355.21% |
Management Effectiveness
Return on Assets (TTM) -23% | Return on Equity (TTM) -87.18% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 1097942811 | Price to Sales(TTM) 51.06 |
Enterprise Value 1097942811 | Price to Sales(TTM) 51.06 | ||
Enterprise Value to Revenue 47.58 | Enterprise Value to EBITDA -4.92 | Shares Outstanding 191274000 | Shares Floating 168060841 |
Shares Outstanding 191274000 | Shares Floating 168060841 | ||
Percent Insiders 13.99 | Percent Institutions 48.99 |
Analyst Ratings
Rating 4.54 | Target Price 27.25 | Buy 2 | Strong Buy 9 |
Buy 2 | Strong Buy 9 | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Enovix Corp
Company Overview
History and Background
Enovix was founded in 2007. It went public in 2021 via a SPAC merger. The company focuses on developing advanced silicon-anode lithium-ion batteries.
Core Business Areas
- Battery Development: Designs and manufactures advanced silicon-anode lithium-ion batteries for mobile computing, IoT, and electric vehicles.
- Battery Production: Enovix has developed and produced silicon lithium-ion batteries using its unique 3D cell architecture, which it refers to as its 'Fab-1' production line.
Leadership and Structure
Dr. Raj Talluri is the CEO. The company operates with a functional organizational structure, with departments focused on engineering, manufacturing, sales, and marketing.
Top Products and Market Share
Key Offerings
- 3D Silicon Lithium-Ion Batteries: Enovix's core product is its 3D silicon lithium-ion battery. These batteries offer higher energy density and improved safety compared to traditional lithium-ion batteries. Market share is evolving as the company scales production. Competitors include Panasonic, LG Chem, and Samsung SDI.
- Mobile Computing Batteries: Batteries designed for smartphones, laptops and tablets. Revenue data is not publicly broken down by specific application. Competitors include Panasonic, LG Chem, and Samsung SDI.
- IOT and EV batteries: batteries for IOT devices and electric vehicles. Competitors include Panasonic, LG Chem, and Samsung SDI.
Market Dynamics
Industry Overview
The lithium-ion battery market is experiencing rapid growth due to increased demand for electric vehicles, portable electronics, and energy storage systems. The industry is characterized by intense competition and technological innovation.
Positioning
Enovix is positioned as a technology innovator in the advanced battery market, focusing on high-performance silicon-anode batteries. Their competitive advantage lies in its 3D cell architecture, which enables higher energy density.
Total Addressable Market (TAM)
The TAM for lithium-ion batteries is expected to reach hundreds of billions of dollars in the coming years. Enovix aims to capture a significant share by focusing on high-performance applications.
Upturn SWOT Analysis
Strengths
- High energy density battery technology
- Innovative 3D cell architecture
- Strong IP portfolio
- Experienced management team
Weaknesses
- Limited production capacity
- High manufacturing costs
- Dependence on key suppliers
- History of delays and revised timelines.
Opportunities
- Growing demand for electric vehicles
- Expansion into energy storage systems
- Partnerships with major OEMs
- Increased adoption of advanced battery technologies
Threats
- Competition from established battery manufacturers
- Fluctuations in raw material prices
- Technological disruptions
- Economic downturns
Competitors and Market Share
Key Competitors
- SNNY
- LAC
- ALB
- QS
Competitive Landscape
Enovix's advantage is its high energy density. Disadvantages are limited production capacity and high manufacturing costs compared to competitors.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Growth trends have been marked by development milestones and production scaling challenges.
Future Projections: Analysts project significant revenue growth as Enovix ramps up production and secures new customer contracts.
Recent Initiatives: Recent initiatives include expanding manufacturing capacity, securing strategic partnerships, and developing new battery technologies.
Summary
Enovix is an innovative battery technology company with high energy density but faces challenges with production and profitability. It has the opportunity to capitalize on the growing EV and energy storage markets. However, they are threatened by established battery manufacturers and raw material fluctuations. Successful production scaling is crucial for Enovix's future success.
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Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry publications
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market share data is estimated and may not be precise. Financial data has to be purchased as real time data is not possible.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Enovix Corp
Exchange NASDAQ | Headquaters Fremont, CA, United States | ||
IPO Launch date 2021-07-15 | President, CEO & Director Dr. Raj Talluri Ph.D. | ||
Sector Industrials | Industry Electrical Equipment & Parts | Full time employees 570 | Website https://www.enovix.com |
Full time employees 570 | Website https://www.enovix.com | ||
Enovix Corporation designs, develops, and manufactures lithium-ion battery cells in the United States and internationally. It serves wearables and IoT, smartphone, computing, electrical vehicles, and original equipment manufacturers. The company was founded in 2007 and is headquartered in Fremont, California.
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