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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 $15.25, down 2.12% from the previous day, and has decreased 19.4% in one year. It has underperformed other stocks in the Electrical Equipment & Parts industry by 0.24 percentage points. Enovix stock is currently +167.54% from its 52-week low of $5.70, and -36.19% from its 52-week high of $23.90.

There are currently 170M ENVX shares outstanding. The market capitalization of ENVX is $2.59B. In the last 24 hours, 5.11M ENVX shares were traded.

How to Buy Enovix Stock

Wondering how to invest in Enovix stock? Here's how.
  1. 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.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Fund your brokerage account: Pick your method of payment and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

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Step 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

  1. 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.
  2. Enter your personal details to open your new trading account.
  1. Send your data by pressing the "Create Account" button.
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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.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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 Price
$15.25
1w %
-16.71%
1y %
-19.4%
5y %
N/A
P/E
-13.15x
P/B
11.31x
P/S
198.05x
PEG
N/A
Revenue
$12.90M
Earnings
-$186.84M
Fore. Rev. Growth
179.9%
Fore. Earn. Growth
N/A
Market Cap
$2.59B
Next Earnings
Jul 24, 2024
Next Dividend
N/A

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 overvalued based on its P/B ratio of 11.31x, relative to Electrical Equipment & Parts industry P/B ratio of 4.37x

You can do more valuation analysis on ENVX's stock here.

ENVX Financial Overview

Signs that ENVX is financially healthy:

  • ENVX has cash burn of 187920000. It has enough cash and short-term investments to cover this for at least one year.
  • 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 $262.54M in cash and short term investments. This is sufficient to cover its annual cash burn of $187.92M.

Signs that ENVX is not financially healthy:

  • ENVX profit margin has gone up by 12.5 percentage points in the past year, but the company is still unprofitable.
  • ENVX has a relatively high debt to equity ratio of 1.21.

Is it a good time to buy ENVX stock, according to Wall Street analysts?

Out of 7 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.

Latest ENVX Analyst Ratings

Bill Peterson, a bottom 4% analyst from JP Morgan maintains ENVX with a strong buy rating and lowers their ENVX price target from $18.00 to $12.00, on Apr 26, 2024.

Derek Soderberg, a bottom 4% analyst from Cantor Fitzgerald reiterates ENVX with a strong buy rating and maintains their ENVX price target from $30.00 to $30.00, on Apr 25, 2024.

You can dive deeper into what analysts are projecting on the Enovix stock forecast page.

Metrics for Advanced ENVX Traders

SMA10
17.14
SMA20
16.16
SMA50
12.92
SMA100
10.4
SMA200
10.7
MACD
1.09
MACD Signal
1.44
MACD Histogram
-0.35
RSI
50.32
Stochastic %K
33.19
Stochastic %D
50.01
StochRSI %K
0
StochRSI %D
19.94

ENVX Revenue

Last year, ENVX revenue was $12.90M. In the last one years, ENVX's revenue has increased by 107.22% per year. This was faster than the Electrical Equipment & Parts industry average of 11.57%.

You can research ENVX's earnings and revenue performance here.

Who is buying/selling ENVX?

In the last year, insiders at ENVX have sold more shares than they have bought.

Rajendra K. Talluri, President and CEO of ENVX, was the latest ENVX insider to sell. They sold $282,223.20 worth of ENVX stock on Jul 18, 2024.

Dig into more about who owns ENVX stock here.

Can I get consistent income from ENVX stock?

No, Enovix doesn't provide an income stream by paying out dividends.

ENVX Social Trading Data

One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.

Click below to see what other investors have to say.

Step 5: Make your ENVX buy order

There are two primary options:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are mostly fine.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a given dollar amount limit, use a limit order.

Press the Open button and your broker will place the order.

If you want more info about buying stocks on eToro, watch the how to video below:

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Step 6: Get updates on your ENVX position

Now that you own some ENVX shares, you'll want to stay up-to-date on your company.

Put ENVX on a watchlist to keep tabs on your ENVX stock.

ENVX Feed

How to Buy Stock in Enovix

To summarize, here are the 6 steps to buy stock in Enovix:

  1. Decide where to buy Enovix stock
  2. Create a brokerage account
  3. Fund your brokerage account
  4. Evaluate Enovix stock
  5. Make your ENVX buy order
  6. Get updates on your ENVX position

If you are looking for a place to buy stocks, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to watch your new investment in Enovix, add ENVX to your watchlist by clicking the button below.

NASDAQ: ENVX
$15.25-0.33 (-2.12%)
Updated Jul 22, 2024
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NASDAQ: ENVX
$15.25-0.33 (-2.12%)
Updated Jul 22, 2024
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FAQ

How much does it cost to buy one Enovix share?

As of Jul 22, 2024, it costs $15.25 to buy one share of Enovix stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $7, you can buy 0.459 shares of ENVX.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Enovix stock?

According to 7 Wall Street analysts who monitor Enovix, their consensus recommendation is to buy Enovix stock.

What is the best way to buy Enovix stock?

One way to place an order for Enovix stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.