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Enovix Corp(ENVX)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ENVX
11/11/2026: ENVX (1-star) is currently NOT-A-BUY. Pass it for now.
Enovix Corp is an energy technology company specializing in advanced silicon-anode lithium-ion batteries, aiming to provide superior energy density for mobile and wearable devices. Its primary strength lies in its proprietary 3D cell architecture, which has successfully attracted interest from major consumer electronics OEMs. The company's growth story hinges on its ability to transition from early-stage manufacturing to high-volume, cost-effective production. Investors face significant risks, however, including high cash burn, execution hurdles in manufacturing, and intense competition from established global battery manufacturers. This stock is best suited for growth-oriented investors who can tolerate high volatility while monitoring progress on production yields and key customer design wins.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | Enovix offers high-growth potential linked to the commercialization of disruptive silicon-anode battery technology. |
| Momentum investor | Mixed fit | The stock often reacts strongly to news regarding production milestones and design wins, creating speculative trading opportunities. |
| Value investor | Weak fit | As a pre-profit, high-R&D company, it does not meet traditional value investing criteria. |
| Dividend investor | Weak fit | The company does not pay dividends and retains all capital for growth. |
| Low-risk investor | Weak fit | High execution risk and market volatility make this unsuitable for conservative portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock exhibits significant price swings due to its growth-stage nature and reliance on future milestones. |
| Valuation risk | Medium / high | Valuations are heavily dependent on future earnings forecasts rather than current cash flow. |
| Competition risk (Battery Manufacturing) | High | Established incumbents have significant scale, capital, and supply chain advantages. |
| Business quality | Medium | The company possesses innovative technology but has yet to prove consistent, high-margin manufacturing quality. |
| Dividend income | Low / none | This is a growth-oriented stock with no expected income stream. |
| Execution risk | High | The ability to scale manufacturing yields efficiently is critical to the company's long-term survival. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Highly Choppy
The stock has experienced frequent, large price swings that make its near-term movement less predictable.
Analysis of Past Performance
Type Stock | Historic Profit -50.32% | Avg. Invested days 24 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/11/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 579.34M USD | Price to earnings Ratio - | 1Y Target Price 9.75 |
Price to earnings Ratio - | 1Y Target Price 9.75 | ||
Volume (30-day avg) 9.4M shares | Beta 2.39 | 52 Weeks Range 2.19 - 9.19 | Updated Date 11/11/2026 |
52 Weeks Range 2.19 - 9.19 | Updated Date 11/11/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.8 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Advanced Battery Sales | Direct sales of silicon-anode battery cells to OEMs in wearables, mobile, and IoT markets. | The company earns money by successfully mass-producing and selling high-tech batteries for modern electronics. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE - | Enterprise Value 671.77M | Price to Sales(TTM) 16.15 |
Enterprise Value 671.77M | Price to Sales(TTM) 16.15 | ||
Enterprise Value to Revenue 18.69 | Enterprise Value to EBITDA -4.92 | Shares Outstanding 219.45M | Shares Floating 189.61M |
Shares Outstanding 219.45M | Shares Floating 189.61M | ||
Percent Insiders 11.69 | Percent Institutions 50.93 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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