Latest news with #ENVX
Yahoo
8 hours ago
- Business
- Yahoo
Jim Cramer on Enovix: 'We're Not Going to Buy That Stock'
Enovix Corporation (NASDAQ:ENVX) is one of the stocks that Jim Cramer shared thoughts on. During the lightning round, a caller inquired after Cramer's thoughts on the company, and he stated: 'We have a glut of oil. I'm worried about that. ENVX is another stock that's just up way too much. I mean, we gotta find some stocks that are not up like a straight shooter, because what happens, these are what I call parabolic buys. And if you buy a parabolic stock, what happens is it goes parabolic down. So, therefore, we're not going to buy that stock.' A close-up of a battery cell being assembled with intricate precision. Enovix (NASDAQ:ENVX) designs and produces advanced lithium-ion battery cells for use in wearables, smartphones, computing devices, electric vehicles, and other applications. Massif Capital stated the following regarding Enovix Corporation (NASDAQ:ENVX) in its Q4 2024 investor letter: 'Our most volatile position remains Enovix Corporation (NASDAQ:ENVX), and we admit to being miffed by its continued volatility. At one point, it made sense as it was a story stock, but at this point, the stock has advanced well beyond being a story. Despite the progress the firm is making operationally, the stock has historically annualized volatility over rolling 100-day periods of nearly 100%. Last year, the stock moved more than 30% from local lows to local highs four times; it also had drawn downs from local highs to local lows of more than 35% three times. The short interest in the stock also remains incredibly high at more than 30% of the stock's float. While we acknowledge the potential of ENVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-07-2025
- Business
- Yahoo
Enovix (ENVX) Jumps 14.4% Amid Special Dividend Declaration
Enovix Corporation (NASDAQ:ENVX) is one of the . Enovix rallied for a third day on Monday, jumping 14.4 percent to close at $13.03 apiece following the announcement of a special dividend in the form of warrants to shareholders as of July 17, 2025. According to the company, each stockholder of record as of the record date will receive one warrant for every seven common shares held. Each warrant will entitle the holder to purchase one share of common stock at an exercise price of $8.75 per share. The warrants may be exercised only for cash. In addition, holders of the company's 3-percent convertible senior notes due 2028 as of the record date will receive warrants on a pass-through basis, as provided under the indenture governing the convertible notes. A close-up of a battery cell being assembled with intricate precision. Enovix Corporation (NASDAQ:ENVX) said payments will be made on or around July 21, 2025, and that it expects to raise $253.8 million of gross proceeds from the exercise. While we acknowledge the potential of ENVX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
28-06-2025
- Business
- Yahoo
Enovix (ENVX) Jumps 20.76% as Lawmakers Rethink Clean Energy Credit Cuts
Enovix Corporation (NASDAQ:ENVX) is one of the . Enovix Corporation (NASDAQ:ENVX) extended its winning streak to a third consecutive day on Thursday, surging 20.76 percent to close at $10.53 apiece following news that Senate lawmakers are planning to implement gentler cuts to clean energy tax credits. While the Senate would still seek to lower credits for clean energy, Senator Kevin Cramer said that the upper chamber's version may ultimately 'be a little more generous' than the House's. The proposed cuts, which form part of the One Big Beautiful Bill Act, sought to claw back funding currently enjoyed under the Inflation Reduction Act (IRA), by ending most credits earlier than originally laid out. Battery manufacturers, such as Enovix Corporation (NASDAQ:ENVX), are benefiting from Section 45x of the IRA, which incentivizes eligible companies in a bid to ramp up domestic production. A close-up of a battery cell being assembled with intricate precision. Enovix Corporation (NASDAQ:ENVX) is engaged in providing electronic components, including advanced silicon-anode lithium-ion battery development and production. While we acknowledge the potential of ENVX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
