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 $6.77, down 2.03% from the previous day, and has increased 4.31% in one year. It has overperformed other stocks in the Electrical Equipment & Parts industry by 0.27 percentage points. Enovix stock is currently +28.46% from its 52-week low of $5.27, and -63.76% from its 52-week high of $18.68.
There are currently 191.27M ENVX shares outstanding. The market capitalization of ENVX is $1.29B. In the last 24 hours, 3.57M 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 (for US users, only US stocks are available) — 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. This offer is only for US users.
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 overvalued based on its P/B ratio of 5.25x, relative to Electrical Equipment & Parts industry P/B ratio of 4.21x
You can do more valuation analysis on ENVX's stock here.
ENVX Financial Overview
Signs that ENVX is financially healthy:
- Total ENVX debt is lower than 5 years ago, relative to shareholder equity.
- 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 184821000. 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 up by 18.37 percentage points in the past year, but the company is still unprofitable.
- ENVX has a relatively high debt to equity ratio of 1.13.
- ENVX has $272.87M in cash and short term investments. This is not sufficient to cover its annual cash burn of $184.82M.
Is it a good time to buy ENVX stock, according to analysts?
Out of 7 Equities analysts who give recommendations on ENVX, the consensus analyst rating on Enovix is a Strong Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest ENVX Analyst Recommendations
Sean Milligan, a bottom 13% analyst from Janney Montgomery Scott downgrades ENVX to a hold rating and announces their ENVX price target of $10.00, on Oct 31, 2024.
Janney Montgomery Scott's Sean Milligan downgraded their rating on Enovix (NASDAQ: ENVX) from Strong Buy to Hold on 2024/10/31. The analyst also announced a $10 price target.
Milligan said that the catalyst for their downgrade was Enovix's 2024/10/30 announcement of a $100M equity offering.
The analyst expressed concern about the timing of the announcement, pointing out that it came one day after the company's Q3 2024 earnings call, during which management addressed concerns over its liquidity.
Milligan said that dilution isn't the issue at approximately 5%.
"We take issue with the timing given the conference call messaging," the analyst, who noted that Enovix will need additional capital in early 2026 in Janney Montgomery Scott's model but argued that "anything beyond 2025 feels like a challenge to forecast given the lack of firm customer commitments."
Michael Legg, a top 33% analyst from Benchmark reiterates ENVX with a strong buy rating and maintains their ENVX price target from $25.00 to $25.00, on Oct 30, 2024.
You can dig deeper into what analysts are forecasting on the Enovix stock forecast page.
Metrics for Advanced ENVX Traders
How is ENVX performing as a company?
Last year, ENVX revenue was $23.07M. Over the last two year, ENVX's revenue has increased by 92.88% per year. This was faster than the Electrical Equipment & Parts industry average of 13.23%.
Learn more about ENVX's earnings and revenue performance here.
Are ENVX insiders buying or selling the stock?
Over the last 12 months, insiders at ENVX have sold more shares than they have bought.
Arthi Chakravarthy, Chief Legal Officer of ENVX, was the latest ENVX insider to sell. They sold $15,053.43 worth of ENVX shares on Apr 24, 2025.
Research more about who owns ENVX shares here.
Can I rely on ENVX as an income stream?
No, Enovix doesn't provide an income stream by paying out dividends.
What do other investors have to say about ENVX?
One of the major reasons eToro is our highest-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
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount, place a limit order.
Hit the Open Trade button and eToro will place the order.
If you need additional assistance investing in stocks on eToro, click the helpful video below:
Step 6: Get updates on your ENVX position
Now that you own some shares in ENVX, you'll want to keep up with your shares.
Create a watchlist to get notified of important updates regarding your ENVX stock.
ENVX Feed
How to Buy Stock in Enovix
To summarize, here are the 6 steps to buy Enovix stock:
- 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 online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to track your investment in Enovix, add ENVX to your watchlist below.
Related Articles
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletterInformation 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.