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Stock impact report

Enovix: Are The Commons A Buy After The Dip? [Seeking Alpha]

Enovix Corporation (ENVX) 
Company Research Source: Seeking Alpha
The company is currently trading hands for a 61.25x multiple to annualized third-quarter revenue, markedly higher than its close peer Amprius Technologies. ENVX's growth is being driven by defense, with this TAM expected to grow as more countries ramp up spending on defense in the aftermath of Russia's invasion of Ukraine. akinbostanci/iStock via Getty Images Enovix's ( ENVX ) dip since September has forced the battery startup close to its lowest valuation in years, opening up a possible opportunity for bulls to build or enlarge a position in the company as it This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned Show less Read more
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