Enovix Q4: A Solid Entry Point (Technical Analysis) [Seeking Alpha]
Enovix Corporation (ENVX)
Company Research
Source: Seeking Alpha
Technological innovations in battery technology, especially for smartphones with concerns to AI applications, set Enovix apart as a market leader. Strong financial performance, strategic alignments with industry trends, and a patterned graphical trend illustrate a solid investment opportunity. Thesis and Introduction In this article, I will be discussing the strong quarter and solid outlook for Enovix Corporation ( NASDAQ: ENVX ). My previous article published in December discussed the potential for a short squeeze, which I still believe is prevalent (probably even more now). Because of the drop after earnings, I strongly believe the shorts are coming alive. The short interest has been decreasing month-over-month since September , but I believe there has been an uptick in short interest since the earnings report because of the 14.5% decline in the price (and I think the stock declining to that extent is more than exaggerated). Since my publication from Q3, the stock has fallen,
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High impacting Enovix Corporation news events
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ENVX
News
- Enovix Co. (NASDAQ: ENVX) had its price target lowered by analysts at JPMorgan Chase & Co. from $18.00 to $12.00. They now have an "overweight" rating on the stock.MarketBeat
- Enovix Co. (NASDAQ: ENVX) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $30.00 price target on the stock.MarketBeat
- Enovix to Release First Quarter 2024 Financial Results on May 1, 2024, and Additionally Host Live “Ask Me Anything” Video Call with CEO Dr. Raj Talluri on May 6, 2024 [Yahoo! Finance]Yahoo! Finance
- Enovix to Release First Quarter 2024 Financial Results on May 1, 2024, and Additionally Host Live “Ask Me Anything” Video Call with CEO Dr. Raj Talluri on May 6, 2024GlobeNewswire
- Enovix Announces Fab2 Manufacturing Milestones [Yahoo! Finance]Yahoo! Finance
ENVX
Earnings
- 2/20/24 - Beat
ENVX
Sec Filings
- 4/25/24 - Form 4
- 4/19/24 - Form 4
- 4/16/24 - Form 4
- ENVX's page on the SEC website