$8.46
4.46% yesterday
Nasdaq, Nov 15, 09:50 pm CET
ISIN
US2935941078
Symbol
ENVX

Enovix Corporation Target price 2024 - Analyst rating & recommendation

Enovix Corporation Classifications & Recommendation:

Buy
83%
Hold
17%

Enovix Corporation Price Target

Target Price $28.00
Price $8.48
Potential
Number of Estimates 11
11 Analysts have issued a price target Enovix Corporation 2025 . The average Enovix Corporation target price is $28.00. This is higher than the current stock price. The highest price target is
$100.00 1,079.25%
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, the lowest is .
A rating was issued by 12 analysts: 10 Analysts recommend Enovix Corporation to buy, 2 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Enovix Corporation stock has an average upside potential 2025 of . Most analysts recommend the Enovix Corporation stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 7.64 22.13
23.23% 189.72%
EBITDA Margin -2,445.68% -447.31%
27.33% 81.71%
Net Margin -3,207.78% -1,013.93%
36.57% 68.39%

12 Analysts have issued a sales forecast Enovix Corporation 2024 . The average Enovix Corporation sales estimate is

$22.1m
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. This is
6.72% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$23.0m 10.90%
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, the lowest is
$21.0m 1.25%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $7.6m 23.23%
2024
$22.1m 189.72%
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2025
$39.7m 79.58%
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2026
$174m 337.00%
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2027
$529m 204.80%
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2028
$907m 71.35%
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11 Analysts have issued an Enovix Corporation EBITDA forecast 2024. The average Enovix Corporation EBITDA estimate is

$-99.0m
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. This is
42.00% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$-91.7m 46.28%
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, the lowest is
$-129m 24.43%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $-187m 56.90%
2024
$-99.0m 47.01%
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2025
$-86.7m 12.44%
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2026
$-36.8m 57.50%
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2027
$120m 424.70%
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2028
$273m 128.06%
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EBITDA Margin

2023 -2,445.68% 27.33%
2024
-447.31% 81.71%
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2025
-218.10% 51.24%
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2026
-21.21% 90.28%
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2027
22.60% 206.55%
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2028
30.08% 33.10%
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8 Enovix Corporation Analysts have issued a net profit forecast 2024. The average Enovix Corporation net profit estimate is

$-224m
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. This is
21.99% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$-188m 34.57%
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, the lowest is
$-242m 16.05%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $-245m 68.29%
2024
$-224m 8.42%
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2025
$-194m 13.65%
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2026
$-141m 27.48%
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2027
$-1.8m 98.73%
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2028
$113m 6,452.25%
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Net Margin

2023 -3,207.78% 36.57%
2024
-1,013.93% 68.39%
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2025
-487.54% 51.92%
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2026
-80.91% 83.40%
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2027
-0.34% 99.58%
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2028
12.46% 3,764.71%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ -1.38 -1.26
68.29% 8.70%
P/E negative
EV/Sales 72.01

8 Analysts have issued a Enovix Corporation forecast for earnings per share. The average Enovix Corporation <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$-1.26
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. This is
22.22% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$-1.06 34.57%
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, the lowest is
$-1.36 16.05%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $-1.38 68.29%
2024
$-1.26 8.70%
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2025
$-1.09 13.49%
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2026
$-0.79 27.52%
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2027
$-0.01 98.73%
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2028
$0.64 6,500.00%
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P/E ratio

Current -5.24 27.42%
2024
-6.71 28.05%
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2025
-7.77 15.80%
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2026
-10.71 37.84%
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2027
-848.00 7,817.83%
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2028
13.32 101.57%
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Based on analysts' sales estimates for 2024, the Enovix Corporation stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

72.01
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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of
72.18
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.

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 76.85 92.91%
2024
72.01 6.29%
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2025
40.10 44.31%
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2026
9.18 77.12%
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2027
3.01 67.19%
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2028
1.76 41.64%
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P/S ratio

Current 77.03 93.73%
2024
72.18 6.30%
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2025
40.19 44.31%
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2026
9.20 77.12%
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2027
3.02 67.19%
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2028
1.76 41.64%
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