Is Enovix Corp Stock a Good Investment?
Enovix Corp Investment Advice | ENVX |
- Examine Enovix Corp's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Enovix Corp's leadership team and their track record. Good management can help Enovix Corp navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Electrical Components & Equipment space and any emerging trends that could impact Enovix Corp's business and its evolving consumer preferences.
- Compare Enovix Corp's performance and market position to its competitors. Analyze how Enovix Corp is positioned in terms of product offerings, innovation, and market share.
- Check if Enovix Corp pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Enovix Corp's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Enovix Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Enovix Corp is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Insignificant | Details | |
Volatility | Slightly risky | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | About Average | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Enovix Corp Stock
Researching Enovix Corp's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 16.0% of the company shares are held by company insiders. The book value of Enovix Corp was currently reported as 1.35. The company recorded a loss per share of 1.19. Enovix Corp had not issued any dividends in recent years.
To determine if Enovix Corp is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Enovix Corp's research are outlined below:
| Enovix Corp had very high historical volatility over the last 90 days | |
| Enovix Corp has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 263 K. Net Loss for the year was (154.09 M) with loss before overhead, payroll, taxes, and interest of (17.04 M). | |
| Enovix Corp currently holds about 384.73 M in cash with (77.41 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.45. | |
| Enovix Corp has a poor financial position based on the latest SEC disclosures | |
| Roughly 16.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Enovix Shares Up 7 percent - MarketBeat |
Enovix Corp uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Enovix Corp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Enovix Corp's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 28th of February 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 28th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Enovix Corp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Enovix Corp's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2021-11-08 | 2021-09-30 | -0.09 | -0.08 | 0.01 | 11 | ||
2023-07-26 | 2023-06-30 | -0.22 | -0.19 | 0.03 | 13 | ||
2023-02-22 | 2022-12-31 | -0.16 | -0.19 | -0.03 | 18 | ||
2022-05-11 | 2022-03-31 | -0.16 | -0.13 | 0.03 | 18 | ||
2022-03-03 | 2021-12-31 | -0.15 | -0.18 | -0.03 | 20 | ||
2023-11-07 | 2023-09-30 | -0.23 | -0.19 | 0.04 | 17 | ||
2022-08-10 | 2022-06-30 | -0.18 | -0.13 | 0.05 | 27 |
Know Enovix Corp's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Enovix Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Enovix Corp backward and forwards among themselves. Enovix Corp's institutional investor refers to the entity that pools money to purchase Enovix Corp's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Driehaus Capital Management Llc | 2023-12-31 | 2.3 M | Granahan Investment Management Inc.. | 2023-12-31 | 1.6 M | Hood River Capital Management Llc | 2023-12-31 | 1.6 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.5 M | Masters Capital Management Llc | 2023-12-31 | 1.3 M | Northern Trust Corp | 2023-12-31 | 1.3 M | Park West Asset Management Llc | 2023-12-31 | 1.2 M | Charles Schwab Investment Management Inc | 2024-03-31 | 1.1 M | Wells Fargo & Co | 2023-12-31 | 1 M | Vanguard Group Inc | 2024-03-31 | 13.1 M | Blackrock Inc | 2023-12-31 | 9.9 M |
Enovix Corp's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.9 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Enovix Corp's market, we take the total number of its shares issued and multiply it by Enovix Corp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Market Cap |
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Enovix Corp's profitablity analysis
Enovix Corp's profitability indicators refer to fundamental financial ratios that showcase Enovix Corp's ability to generate income relative to its revenue or operating costs. If, let's say, Enovix Corp is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Enovix Corp's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Enovix Corp's profitability requires more research than a typical breakdown of Enovix Corp's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.58) | (0.55) | |
| Return On Capital Employed | (0.43) | (0.46) | |
| Return On Assets | (0.58) | (0.55) | |
| Return On Equity | (1.03) | (0.98) |
Determining Enovix Corp's profitability involves analyzing its financial statements and using various financial metrics to determine if Enovix Corp is a good buy. For example, gross profit margin measures Enovix Corp's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Enovix Corp's profitability and make more informed investment decisions.
The data published in Enovix Corp's official financial statements usually reflect Enovix Corp's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Enovix Corp. For example, before you start analyzing numbers published by Enovix accountants, it's critical to develop an understanding of what Enovix Corp's liquidity, profitability, and earnings quality are in the context of the Electrical Equipment space in which it operates.
Please note, the presentation of Enovix Corp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Enovix Corp's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Enovix Corp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Enovix Corp. Please utilize our Beneish M Score to check the likelihood of Enovix Corp's management manipulating its earnings.
Evaluate Enovix Corp's management efficiency
Enovix Corp has return on total asset (ROA) of (0.2685) % which means that it has lost $0.2685 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.6873) %, meaning that it created substantial loss on money invested by shareholders. Enovix Corp's management efficiency ratios could be used to measure how well Enovix Corp manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to rise to -0.55 in 2024. Return On Capital Employed is likely to drop to -0.46 in 2024. At this time, Enovix Corp's Net Tangible Assets are fairly stable compared to the past year. Non Currrent Assets Other is likely to rise to about 5.4 M in 2024, whereas Other Assets are likely to drop slightly above 1.1 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.25 | 0.24 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 0.25 | 0.24 | |
| Enterprise Value Over EBITDA | (70.82) | (67.28) | |
| Price Book Value Ratio | 50.33 | 52.85 | |
| Price Fair Value | 50.33 | 52.85 | |
| Enterprise Value Multiple | (70.82) | (67.28) | |
| Enterprise Value | 1.8 B | 2.3 B |
The analysis of Enovix Corp's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Enovix Corp's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Enovix Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 1.696 |
Basic technical analysis of Enovix Stock
As of the 1st of June, Enovix Corp shows the Mean Deviation of 4.56, downside deviation of 4.94, and Coefficient Of Variation of 1790.95. Enovix Corp technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Enovix Corp, which can be compared to its peers. Please confirm Enovix Corp coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Enovix Corp is priced favorably, providing market reflects its regular price of 10.62 per share. Given that Enovix Corp has jensen alpha of 0.2861, we urge you to verify Enovix Corp's prevailing market performance to make sure the company can sustain itself at a future point.Enovix Corp's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Enovix Corp insiders, such as employees or executives, is commonly permitted as long as it does not rely on Enovix Corp's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Enovix Corp insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Understand Enovix Corp's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Enovix Corp's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0441 | |||
| Market Risk Adjusted Performance | 0.1249 | |||
| Mean Deviation | 4.56 | |||
| Semi Deviation | 4.57 | |||
| Downside Deviation | 4.94 | |||
| Coefficient Of Variation | 1790.95 | |||
| Standard Deviation | 7.57 | |||
| Variance | 57.32 | |||
| Information Ratio | 0.0499 | |||
| Jensen Alpha | 0.2861 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0764 | |||
| Treynor Ratio | 0.1149 | |||
| Maximum Drawdown | 54.64 | |||
| Value At Risk | (8.34) | |||
| Potential Upside | 10.62 | |||
| Downside Variance | 24.4 | |||
| Semi Variance | 20.84 | |||
| Expected Short fall | (5.59) | |||
| Skewness | 3.31 | |||
| Kurtosis | 18.67 |
| Risk Adjusted Performance | 0.0441 | |||
| Market Risk Adjusted Performance | 0.1249 | |||
| Mean Deviation | 4.56 | |||
| Semi Deviation | 4.57 | |||
| Downside Deviation | 4.94 | |||
| Coefficient Of Variation | 1790.95 | |||
| Standard Deviation | 7.57 | |||
| Variance | 57.32 | |||
| Information Ratio | 0.0499 | |||
| Jensen Alpha | 0.2861 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0764 | |||
| Treynor Ratio | 0.1149 | |||
| Maximum Drawdown | 54.64 | |||
| Value At Risk | (8.34) | |||
| Potential Upside | 10.62 | |||
| Downside Variance | 24.4 | |||
| Semi Variance | 20.84 | |||
| Expected Short fall | (5.59) | |||
| Skewness | 3.31 | |||
| Kurtosis | 18.67 |
Consider Enovix Corp's intraday indicators
Enovix Corp intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Enovix Corp stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 462024.0 | |||
| Daily Balance Of Power | (0.51) | |||
| Rate Of Daily Change | 0.95 | |||
| Day Median Price | 10.79 | |||
| Day Typical Price | 10.73 | |||
| Price Action Indicator | (0.45) | |||
| Period Momentum Indicator | (0.56) |
Enovix Corp Corporate Filings
F4 | 29th of May 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10Q | 7th of May 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 1st of May 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 29th of April 2024 Other Reports | ViewVerify |
Enovix Stock media impact
Far too much social signal, news, headlines, and media speculation about Enovix Corp that are available to investors today. That information is available publicly through Enovix media outlets and privately through word of mouth or via Enovix internal channels. However, regardless of the origin, that massive amount of Enovix data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Enovix Corp news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Enovix Corp relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Enovix Corp's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Enovix Corp alpha.
Enovix Corp Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Enovix Corp can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Enovix Corp Historical Investor Sentiment
Investor biases related to Enovix Corp's public news can be used to forecast risks associated with an investment in Enovix. The trend in average sentiment can be used to explain how an investor holding Enovix can time the market purely based on public headlines and social activities around Enovix Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Enovix Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Enovix Corp and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Enovix Corp news discussions. The higher the estimate score, the more favorable the investor's outlook on Enovix Corp.
Enovix Corp Maximum Pain Price across 2024-06-07 Option Contracts
Enovix Corp's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Enovix Corp close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Enovix Corp's options.
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Enovix Corp Corporate Management
Elected by the shareholders, the Enovix Corp's board of directors comprises two types of representatives: Enovix Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Enovix. The board's role is to monitor Enovix Corp's management team and ensure that shareholders' interests are well served. Enovix Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Enovix Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| James Wilcox | VP Mobility | Profile | |
| Kristin Atkins | Vice Marketing | Profile | |
| Iryna Romaniv | Vice Resources | Profile | |
| Charles Anderson | Functional Relations | Profile | |
| Harrold Rust | CEO, CoFounder | Profile | |
| Ashok Lahiri | Founder CTO | Profile | |
| Murali Ramasubramanian | Founder RD | Profile |
How to buy Enovix Stock?
To provide specific investment advice or recommendations on Enovix Corp stock, we recommend investors consider the following general factors when evaluating Enovix Corp. This will help you to make an informed decision on whether to include Enovix Corp in one of your diversified portfolios:- Examine Enovix Corp's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Enovix Corp's leadership team and their track record. Good management can help Enovix Corp navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Electrical Components & Equipment space and any emerging trends that could impact Enovix Corp's business and its evolving consumer preferences.
- Compare Enovix Corp's performance and market position to its competitors. Analyze how Enovix Corp is positioned in terms of product offerings, innovation, and market share.
- Check if Enovix Corp pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Enovix Corp's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Enovix Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Enovix Corp is a good investment.
Already Invested in Enovix Corp?
The danger of trading Enovix Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Enovix Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Enovix Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Enovix Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Enovix Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enovix Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enovix Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enovix Corp Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enovix Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Enovix Stock please use our How to Invest in Enovix Corp guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Enovix Stock analysis
When running Enovix Corp's price analysis, check to measure Enovix Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enovix Corp is operating at the current time. Most of Enovix Corp's value examination focuses on studying past and present price action to predict the probability of Enovix Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enovix Corp's price. Additionally, you may evaluate how the addition of Enovix Corp to your portfolios can decrease your overall portfolio volatility.
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Is Enovix Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enovix Corp. If investors know Enovix will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enovix Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.19) | Revenue Per Share 0.08 | Quarterly Revenue Growth 250.048 | Return On Assets (0.27) | Return On Equity (0.69) |
The market value of Enovix Corp is measured differently than its book value, which is the value of Enovix that is recorded on the company's balance sheet. Investors also form their own opinion of Enovix Corp's value that differs from its market value or its book value, called intrinsic value, which is Enovix Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enovix Corp's market value can be influenced by many factors that don't directly affect Enovix Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Enovix Corp's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Enovix Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enovix Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.