Enovix Shares Fall 13.3% to 52-Week Low After Sell-Side Downgrades

Enovix shares fell 13.3% Friday to a 52-week intraday low of $1.53 after at least three sell-side downgrades, marking a steep drop for the battery maker.

Enovix previously disclosed an initial order for 100,000 battery units from an unnamed multinational drone systems provider, with deliveries scheduled for the first half of 2027.