Enovix Corporation
ENVXIndustrialsNASDAQElectrical Equipment & Parts
Scan Results
Daily timeframeEnovix Corporation designs, develops, and manufactures lithium-ion battery cells in the United States and internationally. Valued at $761.5M, ENVX is a small-cap name in its sector. It serves wearables and IoT, smartphone, computing, electrical vehicles, and original equipment manufacturers.
Market Cap
$761.5M
Beta
2.30
P/E (TTM)
—
P/E (Fwd)
-5.49
EPS (TTM)
$-0.79
EPS (Fwd)
$-0.63
ROE
-81.3%
ROA
-17.5%
Cash
$475.8M
Total Debt
$541.7M
Free CF
-$69.5M
52W Change
-63.7%
Annual Financials
Cash vs Debt
Where ENVX stands vs its 150-day and 200-day moving averages
As of the September 3, 2026 close, ENVX finished 40.85% below its 150-day moving average ($5.63) and 46.29% below its 200-day moving average ($6.20). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is ENVX overbought or oversold?
At the September 3, 2026 close, ENVX's RSI(14) was 28.3, in oversold territory (below 30). The MACD histogram was positive, so short-term momentum leaned bullish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
On the balance sheet, ENVX has $475.8M in cash with $541.7M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow is running at -$69.5M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of -81.3% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $6.2M (2022) to $31.8M (2025), reflecting a 413% increase over the period.
With a beta above 1.5, ENVX tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. No single metric tells the full story. Reviewing ENVX's risk profile alongside its fundamentals and technical indicators provides a more complete picture.