ENVX Stock Summary and Trading Ideas (Enovix | NASDAQ:ENVX)

Enovix Corp is engaged in designing, developing, manufacturing, and commercializing Lithium-ion, or Li-ion, battery cells. It uses BreakFlow and Encapsulation technologies to manufacture high capacity and resilient batteries. The company's product portfolio comprises power disc batteries, flexible lithium-ion polymer batteries, superior lithium-ion polymer batteries, active silicon lithium-ion cells, and others. Geographically, the company generates maximum revenue from its customers in South Korea, followed by Switzerland, the United States, Norway, Taiwan, and other regions.

Enovix trades on the NASDAQ stock market under the symbol ENVX.

As of October 23, 2026, ENVX stock price climbed to $2.79 with 22,180,948 million shares trading.

ENVX has a beta of 2.48, meaning it tends to be more sensitive to market movements. ENVX has a correlation of 0.20 to the broad based SPY ETF.

ENVX has a market cap of $612.26 million. This is considered a Small Cap stock.

Last quarter Enovix reported $9 million in Revenue and -$.13 earnings per share. This beat revenue expectation by $591,304 and exceeded earnings estimates by $.03.

In the last 3 years, ENVX traded as high as $18.68 and as low as $2.20.

The top ETF exchange traded funds that ENVX belongs to (by Net Assets): VTI, IWM, VXF, VB, IWO.

ENVX has underperformed the market in the last year with a return of -75.7%, while the SPY ETF gained +14.3%. In the last 3 month period, ENVX fell short of the market, returning -35.7%, while SPY returned +3.2%. However, in the most recent 2 weeks ENVX has outperformed the stock market by returning +13.4%, while SPY returned -2.4%.

ENVX support price is $2.39 and resistance is $2.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ENVX shares will trade within this expected range on the day.