Stock Price & Analysis

Based on recent technical analysis and fundamental data, ENVX stock shows bearish momentum with the stock dropping below key support levels after disappointing Q1 2025 guidance, but long-term growth prospects remain intact with potential smartphone orders expected later in 2025.

Technical Analysis

• Stock has declined over 20% from recent highs around $12.24 to current $9.55
• Trading below all major moving averages (5-day: $11.20, 10-day: $11.21, 20-day: $11.51)
• RSI at 44.47 indicates neutral but weakening momentum
• MACD showing bearish crossover with negative divergence

Recent Developments

• Q4 2024 showed record revenues of $9.7 million with first positive gross margin of 11%
• However, Q1 2025 guidance disappointed with revenue forecast of $3.5-5.5 million versus $6.21 million consensus
• JP Morgan maintains Buy rating with $15 price target, citing long-term potential despite near-term headwinds

Key Catalysts

• Potential major smartphone orders expected in late 2025
• Increasing defense and industrial customer interest due to non-Chinese supply chain
• Malaysia facility ramping up for high-volume production in 2025

Given the recent price decline and weak near-term guidance but intact long-term growth drivers, selling pressure may continue in the short-term while long-term investors could view current levels as an accumulation opportunity.

Based on the provided data and references, I'll analyze ENVX's price prediction for 2025.

Technical Analysis

Price Target Analysis According to multiple analyst forecasts and market data:

• JP Morgan maintains a price target of $15.00 with an Overweight rating
• The median analyst price target is $20.30, suggesting an 89.37% upside from current price
• The highest target is $36.00 by Oppenheimer, while the lowest is $10.00

Key Growth Catalysts for 2025

1. Production Expansion

• Fab2 plant in Malaysia is now operational
• Company secured multiple mass production commitments for 2025
• Recently raised $96M to strengthen balance sheet, boosting projected 2024 year-end cash position to $245M

2. Strategic Partnership

• Agreement with a top-5 Chinese smartphone OEM for custom battery development
• Target launch date of Q4 2025 for smartphone production ramp

Price Forecast Scenarios for 2025

Based on multiple forecast sources:

Period	Price Range	Catalyst
Q1 2025	$9.37-12.60	Current consolidation phase
Q2 2025	$10.77-13.38	Production ramp-up begins
Q3 2025	$13.05-15.33	Smartphone customer qualification
Q4 2025	$15.07-19.42	Production launch with smartphone OEM

The most likely scenario points to ENVX reaching $16.11 by end of 2025, representing a 50% upside from current levels. This projection is supported by:

• Revenue growth expectations of 189.90% for current fiscal year
• Multiple mass production commitments starting in 2025
• Strategic positioning as a non-Chinese battery supplier

Risk Factors

• Pre-revenue company with high cash burn
• Production delays could impact timeline
• High P/S ratio of 75.01 compared to industry peers
• Potential further dilution from capital raises

The S1 support level for ENVX Stock is $9.45 ,The R1 resistant level for ENVX Stock is $12.01.

As of the end of day on 2025-02-26, the price of ENVX Stock was $9.6.

The target price for ENVX Stock according to analyst rating is 20.67, with the highest price target at 36.00 and the lowest at 10.00. Analysts have a Strong Buy rating on ENVX Stock overall.

The market cap of ENVX is $1.8B.

Based on the provided data and recent market activity, ENVX appears overvalued for several key reasons:

The company's current market cap of $1.8 billion is extremely high relative to its Q4 2024 revenue of just $9.7 million, representing a price-to-sales ratio over 80x.

The company continues to burn significant cash, with negative operating cash flow of $188 million and net losses of $187 million in recent quarters, while maintaining only $262.4 million in cash reserves.

The stock trades at 11.38x book value despite having no clear path to profitability until at least 2026, when management projects "multi-hundred million dollar revenue".

Recent guidance disappointed with Q1 2025 revenue projected at only $3.5-5.5 million, causing a 12% stock drop, suggesting the market is beginning to question the valuation premium.

The company faces ongoing dilution risk, with share count up 9.7% year-over-year, and will likely need additional capital raises before reaching sustainable operations.

Enovix Corporation designs, develops, manufactures, and commercializes next generation Lithium-ion (Li-ion) battery cells that significantly increase the amount of energy density and storage capacity. The Company’s product roadmap consists of future nodes at higher levels of energy density. The Company delivers commercial cells from Fab1, which features a first-of-its-kind line for battery production. Its BrakeFlow, an intra-cell system that increases abuse tolerance. It serves applications, such as wearable and Internet of things (IoT) cell, laptop and mobile cell, industrial and mobile cell, and industrial cell. The Company provides vertical integration of electrode coating and battery pack manufacturing. The Company operates its lithium-ion battery business with two factories in Korea.

Based on the available data and recent developments, here's a price prediction for ENVX stock by 2030:

ENVX stock is projected to reach $32-35 by 2030, driven by the company's expansion in smartphone battery production and growing defense sector partnerships. Recent analyst reports highlight Enovix's strategic positioning as a non-Chinese battery supplier with plans for mass production in 2026, while their Q4 2024 results showed record revenues and first-ever positive gross margins, demonstrating execution capability.

The stock's current technical setup shows consolidation around $10-11 range, with key resistance at $12.97 and support at $10.05. The company's focus on high-performance battery technology and expanding manufacturing capacity provides strong fundamentals for long-term growth.

ENVX has a total of 560 employees.