Shares of Enovix Corporation (ENVX) are trading -8% lower at a price of $19.79 at the time of this writing. Shares of the stock are faltering behind other names in the space on what is turning out to be a cheerful day for the Industrials sector.

A strong factor in the price movement would likely be the most recent earnings call on August 10.

Enovix Corporation has been trading between a 52-week high of $39.48 and a 52-week low of $7.26. The stock has a market cap of $3.1 Billion.

Enovix is the leader in advanced silicon-anode lithium-ion battery development and production. The company's proprietary 3D cell architecture increases energy density and maintains high cycle life. Enovix is building an advanced silicon-anode lithium-ion battery production facility in the U.S. for volume production.

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