ENVX

Over the past six months, Enovix Corp.'s stock price has experienced significant volatility and a notable decline, dropping from $12.96 on October 6, 2025, to $2.80 on October 2, 2026. Key events impacting the stock include the Q2 2026 earnings release on August 12, 2026, which saw the stock decline by 6.3% despite topping EPS and revenue estimates. On August 13, 2026, CEO Raj Talluri resigned, leading to CFO Ryan Benton being named interim CEO and analysts like BofA Securities and William Blair adjusting price targets downwards. StoneX also lowered its price target to $10 from $15 in October 2026, citing a more measured commercialization ramp. A potential positive long-term catalyst was the August 2026 announcement of plans to double Korea drone battery capacity, expected online by mid-2027.