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TTP Investments Inc. has increased its position in Enovix Co. by 119.7% in the third quarter, owning 715,175 shares of the company’s stock, making it the 5th largest holding in its investment portfolio. Other large investors have also recently added to or reduced their stakes in the company. Enovix stock is down 3.0%, opening at $13.43 on Friday. The company last released its earnings results on Tuesday, November 7th. Enovix Corporation designs, develops, and manufactures lithium-ion batteries. However, the stock currently has a “Moderate Buy” rating among analysts and an average price target of $27.11. Enovix currently has a negative return on equity and a negative net margin. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of -9.33, and a beta of 1.71. The company was founded in 2007 and is headquartered in Fremont, California. Furthermore, a number of research firms have recently weighed in on ENVX. Finally, there are currently one hold rating and eight buy ratings for the stock.



Original: TTP Investments Inc. Purchases 389,603 Shares of Enovix Co. (NASDAQ:ENVX)