Enovix stock price at $11

At $11.37, Enovix stock price is attracting attention from both retail and hedge funds. Trading volume spikes hint at accumulation phases ahead of key battery production announcements slated for next month. The recent implementation of new U.S. tariffs on Chinese EVs, along with the need for compliance with strict emissions regulations, is pushing automakers to adapt their supply chains. Enovix ( NASDAQ:ENVX - Get Free Report ) last issued its quarterly earnings results on Thursday, July 31st. The company reported ($0.13) earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.02. Enovix had a negative return on equity of 73.88% and a negative net margin of 481.35%.The firm had revenue of $7.50 million for the quarter, compared to analysts' expectations of $5.48 million. During the same quarter last year, the business posted ($0.14) EPS. Enovix's revenue was up 98.2% on a year-over-year basis. Enovix has set its Q3 2025 guidance at -0.180--0.140 EPS. Equities analysts anticipate that Enovix Corporation will post -1.01 EPS for the current year. Enovix stock price experienced a mild pullback to $11.32, aligning with consolidation phases common in growth stocks. However, fundamental drivers remain intact, particularly the scaling of its proprietary 3D cell technology.