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Enovix Corporation designs, develops, and manufactures lithium-ion battery cells in the United States and internationally. It serves wearables and IoT, smartphone, computing, electrical vehicles, and original equipment manufacturers. The company was founded in 2006 and is headquartered in Fremont, California.
Production Scaling | Explore Enovix's progress in manufacturing capabilities, including Gen2 lines and cost-saving measures, crucial for meeting ambitious production targets |
Market Expansion | Delve into Enovix's strategic moves in drone, AR/smart glasses, and automotive markets, with potential to capture majority share in key segments by 2028 |
Financial Trajectory | Despite impressive revenue growth, Enovix faces ongoing profitability challenges. Analysts project an average price target of $26.67 |
Battery Innovation | Enovix's advanced silicon anode technology positions it as a potential leader in high-energy-density batteries for emerging tech and automotive sectors |

Metrics to compare | ENVX | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipENVXPeersSector | |
|---|---|---|---|---|
P/E Ratio | −8.5x | −5.8x | 12.6x | |
PEG Ratio | −0.23 | −0.01 | 0.03 | |
Price / Book | 4.9x | 2.0x | 1.4x | |
Price / LTM Sales | 42.0x | 19.9x | 1.3x | |
Upside (Analyst Target) | 97.5% | 31.1% | 20.0% | |
Fair Value Upside | Unlock | −21.3% | 5.5% | Unlock |