How to Buy Enovix Stock
Enovix Corp
Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California. .
Enovix stock last closed at $5.84, down 2.99% from the previous day, and has decreased 53.91% in one year. It has underperformed other stocks in the Electrical Equipment & Parts industry by 0.89 percentage points. Enovix stock is currently +2.46% from its 52-week low of $5.70, and -75.56% from its 52-week high of $23.90.
There are currently 168.5M ENVX shares outstanding. The market capitalization of ENVX is $984.06M. In the last 24 hours, 3.69M ENVX shares were traded.
How to Buy Enovix Stock
Wondering how to invest in Enovix stock? Here's how.
- Decide where to buy Enovix stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy Enovix stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Pick your method of payment and add your details.
- Evaluate Enovix stock: The Enovix ticker symbol is ENVX. Is Enovix stock a good investment? Should you buy shares of ENVX? How do ENVX's underlying business fundamentals look? Do top analysts think Enovix is a good buy? Why has ENVX's stock price moved recently? (Hint: Our stock research website can help you understand if ENVX is a good stock to buy).
- Make your ENVX buy order: Decide if you will purchase ENVX shares at the current market price or use a limit order to buy ENVX shares at a specific price.
- Get updates on your ENVX position: Create a watchlist to key updates about your new investment in Enovix stock.
Step 1: Decide where to buy Enovix stock
You will need an online brokerage account to access the NASDAQ market and buy ENVX shares.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. eToro gives you:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to global financial markets: From Tech to Industrials, New York to Shanghai — you can fill your portfolio with stocks from the world's leading stock exchanges.
- Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by signing up for an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked your brokerage, it's time to fill out some personal details so you are able to invest in ENVX stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open your new trading account.
- Send your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've finished signing up on apps for stock market, your next step is to transfer the money for your investment:
Watch the video below for more details depositing funds into your new brokerage account.
Step 4: Evaluate Enovix stock
Once you have decided on the best place to buy Enovix stock, it's absolutely critical to research their stock before you buy, so you truly wrap your head around the risk as well as the upside.
Enovix Numbers
ENVX Overview
WallStreetZen was built to help average investors perform better fundamental analysis.
You can view all of the due diligence checks on ENVX's stock page.
Is ENVX stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge ENVX's true value.
Using relative valuations methods:
- ENVX may be undervalued based on its P/B ratio of 3.81x, relative to Electrical Equipment & Parts industry P/B ratio of 4.13x
You can do more valuation analysis on ENVX's stock here.
ENVX Financial Overview
Signs that ENVX is financially healthy:
- There are more short-term assets than long-term liabilities on the ENVX balance sheet.
- There are more short-term assets than short-term liabilities on the ENVX balance sheet.
- ENVX has cash burn of 166431000. It has enough cash and short-term investments to cover this for at least one year.
Signs that ENVX is not financially healthy:
- ENVX profit margin has gone down from -832.3% to -2,800.5% in the past year.
- ENVX has a relatively high debt to equity ratio of 1.18.
- ENVX has $308.33M in cash and short term investments. This is not sufficient to cover its annual cash burn of $166.43M.
Is it a good time to buy ENVX stock, according to Wall Street analysts?
Out of 3 Wall Street analysts who give forecasts on ENVX, the consensus analyst rating on Enovix is a Strong Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Enovix stock forecast page.
ENVX Momentum
How are ENVX Revenues/Earnings doing?
Last year, ENVX revenue was $7.64M. Over the last 1 years, ENVX's revenue has gone up by 23.25% per year. This was faster than the Electrical Equipment & Parts industry average of 9.97%.
You can research ENVX's earnings and revenue performance here.
What are ENVX executives and large shareholders up to?
In the last 12 months, executives and large shareholders at ENVX have sold more shares than they have bought.
Arthi Chakravarthy, Officer of ENVX, was the latest ENVX insider to sell. They sold $115,367.28 worth of ENVX shares on Apr 24, 2024.
Get more info about who owns ENVX shares here.
Does ENVX stock generate passive income?
No, Enovix doesn't provide an income stream by paying out dividends.
What do other traders have to say about ENVX?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your ENVX buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific price, place a limit order.
Press the Open Trade button and eToro will place your order.
If you want additional help with buying stocks on eToro, watch the how to video below:
Step 6: Get updates on your ENVX position
Now that you own some ENVX stock, you'll want to stay up-to-date on your stock purchase.
Put ENVX on a watchlist to track the most important metrics related to your ENVX stock.
ENVX Feed
How to Buy Stock in Enovix
To summarize, here are the 6 steps you need to take to buy Enovix stock right now:
- Decide where to buy Enovix stock
- Create a brokerage account
- Fund your brokerage account
- Evaluate Enovix stock
- Make your ENVX buy order
- Get updates on your ENVX position
If you require a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep track of your investment in Enovix, hit the button below to create your watchlist.
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