Latest news with #ENVX
Yahoo
04-08-2025
- Business
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Enovix Corporation (ENVX) Reports Q2 Loss, Tops Revenue Estimates
Enovix Corporation (ENVX) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to a loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +13.33%. A quarter ago, it was expected that this company would post a loss of $0.18 per share when it actually produced a loss of $0.15, delivering a surprise of +16.67%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Enovix Corporation, which belongs to the Zacks Electronics - Miscellaneous Products industry, posted revenues of $7.47 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 15.69%. This compares to year-ago revenues of $3.77 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Enovix Corporation shares have added about 24.2% since the beginning of the year versus the S&P 500's gain of 8.2%. What's Next for Enovix Corporation? While Enovix Corporation has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Enovix Corporation was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.16 on $8.13 million in revenues for the coming quarter and -$0.63 on $36.17 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Miscellaneous Products is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Electrovaya Inc. (ELVA), is yet to report results for the quarter ended June 2025. The results are expected to be released on August 13. This company is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of +500%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Electrovaya Inc.'s revenues are expected to be $17.13 million, up 66.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Enovix Corporation (ENVX) : Free Stock Analysis Report Electrovaya Inc. (ELVA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-08-2025
- Business
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Enovix Second Quarter 2025 Earnings: Beats Expectations
Enovix (NASDAQ:ENVX) Second Quarter 2025 Results Key Financial Results Revenue: US$7.47m (up 98% from 2Q 2024). Net loss: US$44.5m (loss narrowed by 62% from 2Q 2024). US$0.22 loss per share (improved from US$0.67 loss in 2Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Enovix Revenues and Earnings Beat Expectations Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%. Looking ahead, revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Electrical industry in the US. Performance of the American Electrical industry. The company's shares are down 27% from a week ago. Risk Analysis We don't want to rain on the parade too much, but we did also find 1 warning sign for Enovix that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-08-2025
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Are Computer and Technology Stocks Lagging Enovix Corporation (ENVX) This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Enovix Corporation (ENVX) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Enovix Corporation is a member of our Computer and Technology group, which includes 605 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Enovix Corporation is currently sporting a Zacks Rank of #2 (Buy). Within the past quarter, the Zacks Consensus Estimate for ENVX's full-year earnings has moved 3.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving. According to our latest data, ENVX has moved about 38.6% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 11.3%. This means that Enovix Corporation is outperforming the sector as a whole this year. Another Computer and Technology stock, which has outperformed the sector so far this year, is Genius Sports Limited (GENI). The stock has returned 19.3% year-to-date. The consensus estimate for Genius Sports Limited's current year EPS has increased 5.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy). Looking more specifically, Enovix Corporation belongs to the Electronics - Miscellaneous Products industry, which includes 37 individual stocks and currently sits at #55 in the Zacks Industry Rank. On average, stocks in this group have gained 14.8% this year, meaning that ENVX is performing better in terms of year-to-date returns. On the other hand, Genius Sports Limited belongs to the Internet - Content industry. This 12-stock industry is currently ranked #175. The industry has moved +10.9% year to date. Investors interested in the Computer and Technology sector may want to keep a close eye on Enovix Corporation and Genius Sports Limited as they attempt to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Enovix Corporation (ENVX) : Free Stock Analysis Report Genius Sports Limited (GENI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
04-08-2025
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Enovix Corporation (ENVX) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
A downtrend has been apparent in Enovix Corporation (ENVX) lately. While the stock has lost 5.5% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of this company is a solid fundamental factor that enhances the prospects of a trend reversal for the stock. Understanding Hammer Chart and the Technique to Trade It This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.' In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price. When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal. Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors. Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators. Here's What Makes the Trend Reversal More Likely for ENVX An upward trend in earnings estimate revisions that ENVX has been witnessing lately can certainly be considered a bullish indicator on the fundamental side. That's because empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. The consensus EPS estimate for the current year has increased 0.2% over the last 30 days. This means that the Wall Street analysts covering ENVX are majorly in agreement about the company's potential to report better earnings than what they predicted earlier. If this is not enough, you should note that ENVX currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> . Moreover, a Zacks Rank of 2 for Enovix Corporation is a more conclusive indication of a potential trend reversal, as the Zacks Rank has proven to be an excellent timing indicator that helps investors identify precisely when a company's prospects are beginning to improve. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Enovix Corporation (ENVX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
02-08-2025
- Business
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Enovix (ENVX) Bleeds Heavily Amid Broader Market Pessimism
We recently published . Enovix Corporation (NASDAQ:ENVX) is one of the worst-performing stocks on Friday. Enovix fell for a fourth consecutive day on Friday, losing 20.11 percent to close at $10.7 apiece, as investors appeared to have been dampened by the broader market pessimism, selling off positions and shunning its improved earnings performance in the second quarter of the year. In its financial statement, Enovix Corporation (NASDAQ:ENVX) said it narrowed its attributable net loss by 79 percent to $23.5 million from $115.9 million in the same period last year, as revenues climbed by 98 percent to $7.47 million from $3.77 million in the same period last year. OLYMPUS DIGITAL CAMERA Looking ahead, Enovix Corporation (NASDAQ:ENVX) expects revenues to grow sequentially in the third quarter of the year, although it projects a slight increase in net operating loss. In other news, Enovix Corporation (NASDAQ:ENVX) advised its warrant holders that its share price has already traded above the $10.5 price for nine consecutive days in a row, and that it may trigger an early expiration if the stock continues to trade above the said level for 20 consecutive days. Warrant holders are advised to exercise their warrants before the early expiration, with their warrants now at a potential upside of $1.96 from the exercise price of $8.75 apiece. While we acknowledge the potential of ENVX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
