Enovix stock price daily charts of the Enovix stock price

Daily charts of the Enovix stock price exhibit consolidation between $11.30 and $11. Given the large stake in the stock by institutions, Enovix's stock price might be vulnerable to their trading decisions Several equities research analysts have weighed in on ENVX shares. B. Riley reaffirmed a "buy" rating and issued a $17.00 target price (up from $12.00) on shares of Enovix in a research report on Thursday, July 10th. Cowen reissued a "hold" rating on shares of Enovix in a report on Tuesday, July 8th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $12.00 price target (up from $9.00) on shares of Enovix in a report on Thursday, July 24th. Craig Hallum reissued a "buy" rating and set a $15.00 price target (up from $12.00) on shares of Enovix in a report on Tuesday, July 8th. Finally, Wall Street Zen lowered Enovix from a "hold" rating to a "sell" rating in a report on Saturday, September 6th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $17.00. Investors tracking Enovix stock price at $11.44 should note the correlation with renewable energy indices. Outperformance relative to peers suggests market appetite for energy storage innovators remains high.