Enovix Corporation (NASDAQ:ENVX) Given Consensus Recommendation of "Moderate Buy" by Analysts

Enovix Corporation (NASDAQ:ENVX) has received a "Moderate Buy" consensus recommendation from analysts, with an average 12-month price target of $11.77, significantly higher than its current share price of $2.94. Despite reporting 20.8% year-over-year revenue growth and beating EPS estimates, the company remains unprofitable with a negative net margin. Institutional ownership has notably increased, with hedge funds and institutions now owning over 50% of the stock.