The Latest Breaking News from Enovix

Enovix shows improving price performance, earning an upgrade to its IBD Relative Strength Rating from 73 to 85.

Enovix sees its Relative Strength Rating enter the elite 90-plus level.

Enovix sees its Relative Strength Rating move into the elite 90-plus level.

Enovix stock has been on a roller-coaster ride since the battery maker went public less than two years ago.

Someone with a lot of money to spend has taken a bearish stance on Enovix (NASDAQ:ENVX). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Upgrades

Enovix shares rocketed Thursday after the maker of next-generation lithium-ion batteries announced several big milestones.

 

Cowen analyst Gabe Daoud lowered the price target on Enovix Corp (NASDAQ:ENVX) to $29 from $32 and maintained an Outperform rating on the shares. Daoud notes its revenue funnel grew as management highlighted significant demand/interest with applications emerging across doorbells, GPS, and medical devices. Craig-Hallum analyst Anthony Stoss lowered the price target to $35 (171% upside)…