ENVX
Enovix Corporation Industrials - Batteries Investor Relations →
Enovix Corporation (ENVX) closed at $6.38 as of 2026-02-02, trading 43.7% below its 200-week moving average of $11.33. This places ENVX in the extreme value zone. The stock is currently moving closer to the line, down from -41.7% last week. With a 14-week RSI of 21, ENVX is in oversold territory.
Over the past 217 weeks of data, ENVX has crossed below its 200-week moving average 6 times. On average, these episodes lasted 31 weeks. The average one-year return after crossing below was -32.4%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $1389 million, ENVX is a small-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at -68.1%. The stock trades at 4.5x book value.
Share count has increased 25.1% over three years, indicating dilution.
Over the past 4.2 years, a hypothetical investment of $100 in ENVX would have grown to $23, compared to $154 for the S&P 500. ENVX has returned -29.0% annualized vs 10.7% for the index, underperforming the broader market over this period.
Free cash flow has been declining. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: ENVX vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After ENVX Crosses Below the Line?
Across 6 historical episodes, buying ENVX when it crossed below its 200-week moving average produced an average return of -21.2% after 12 months (median -11.0%), compared to +11.2% for the S&P 500 over the same periods. After 24 months, the average return was -28.3% vs +36.7% for the index.
Each line shows $100 invested at the moment ENVX crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
ENVX has crossed below its 200-week MA 6 times with an average 1-year return of +-32.4% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jan 2022 | Aug 2022 | 29 | 50.1% | -50.7% | -60.5% |
| Oct 2022 | Jun 2023 | 37 | 51.4% | -38.1% | -61.2% |
| Aug 2023 | Jun 2024 | 45 | 57.4% | -30.2% | -54.6% |
| Jul 2024 | Jul 2025 | 49 | 56.2% | -10.6% | -46.7% |
| Jul 2025 | Oct 2025 | 12 | 34.8% | N/A | -40.4% |
| Nov 2025 | Ongoing | 14+ | 43.7% | Ongoing | -33.3% |
| Average | 31 | — | +-32.4% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02