Enovix Q1: Time To Buy As Revenue Inflection Nears [Seeking Alpha]
Enovix Corporation (ENVX)
Company Research
Source: Seeking Alpha
They shared its targeted unit economics per line for the first time, showcasing high margins and an impressive payback period of less than 6 months. Enovix's expected low labor costs due to operating in Malaysia, Pioneer status in Malaysia, and Routejade acquisition are tailwinds to future profitability prospects. My price target for Enovix ranges between $31.9, in the worst case scenario, and $52.9, in the best case scenario, by 2027 based on my scenario analysis. Enovix Corporation ( NASDAQ: ENVX ) is nearing a key inflection point with its first revenues from silicon anode batteries approaching. After reporting its Q1 earnings recently, Enovix's stock rallied 45% thanks to several promising updates. The company entered its first development agreement with Recommended For You Recommended For You
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ENVX
News
- Bedrock Materials Secures $9 Million Seed Funding, Establishes R&D Headquarters in Chicago [Yahoo! Finance]Yahoo! Finance
- Enovix Begins Customer Sampling of EX-1M Batteries [Yahoo! Finance]Yahoo! Finance
- Enovix Begins Customer Sampling of EX-1M BatteriesGlobeNewswire
- Enovix to Participate in Upcoming Investor Conferences [Yahoo! Finance]Yahoo! Finance
- Enovix to Participate in Upcoming Investor ConferencesGlobeNewswire
ENVX
Earnings
- 5/1/24 - Beat
ENVX
Sec Filings
- 5/15/24 - Form 4
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- ENVX's page on the SEC website