Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Enovix Corporation before investing.

In this article, we go over a few key elements for understanding Enovix Corporation’s stock price such as:

• Enovix Corporation’s current stock price and volume
• Why Enovix Corporation’s stock price changed recently
• Upgrades and downgrades for ENVX from analysts
• ENVX’s stock price momentum as measured by its relative strength

About Enovix Corporation (ENVX)

Before we jump into Enovix Corporation’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

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 2007 and is headquartered in Fremont, California.

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Enovix Corporation’s Stock Price as of Market Close

As of April 23, 2025, 12:46 PM, CST, Enovix Corporation’s stock price was $6.280.

Enovix Corporation is up 1.95% from its previous closing price of $6.160.

During the last market session, Enovix Corporation’s stock traded between $6.245 and $6.850. Currently, there are approximately 184.97 million shares outstanding for Enovix Corporation.

Enovix Corporation’s trailing earnings per share are negative, so the stock does not have a meaningful P/E ratio. We suggest investors evaluate other financial metrics to understand its overall valuation.

Enovix Corporation Stock Price History

Enovix Corporation’s (ENVX) price is currently down 14.44% so far this month.

During the month of April, Enovix Corporation’s stock price has reached a high of $7.780 and a low of $5.270.

Over the last year, Enovix Corporation has hit prices as high as $18.680 and as low as $5.270. Year to date, Enovix Corporation’s stock is down 42.23%.

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What Caused Enovix Corporation Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of April 22, 2025,, no analysts have changed their rating of Enovix Corporation’s stock over the last month.

Additionally, you'll want to evaluate Enovix Corporation’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Enovix Corporation’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Enovix Corporation’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Enovix Corporation (ENVX) by visiting AAII Stock Evaluator.

Relative Price Strength of Enovix Corporation

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 22, 2025, Enovix Corporation has a weighted four-quarter relative price strength of 1.78%, which translates to a Momentum Score of 59 and is considered to be Average.

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Enovix Corporation Stock Price: Bottom Line

As of April 23, 2025, Enovix Corporation’s stock price is $6.280, which is up 1.95% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Enovix Corporation stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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