** Shares of Enovix Corp ENVX.O falls more than 8% to $6.70 premarket

** The battery maker on Wednesday forecast Q2 revenue in $8 bln-$9 bln range, whose midpoint is below the $8.69 bln consensus estimate as per LSEG-compiled data

** Midpoint of Q2 adjusted loss / share guidance range of 13 cents-17 cents in line with analysts' estimate of 15 cents

** Growth in firm's key smartphone segment remains delayed

** Oppenheimer cuts price target to $21 from $24, maintains "outperform" rating

** Says revenue ramp will be slower than expected due to delays in smartphone qualification and manufacturing bottlenecks

** Eight of 11 brokerages rate the stock "buy" or higher, two "hold" and one "sell"; their median PT is $15.50 - data compiled by LSEG

** As of last close, stock had fallen nearly 0.3% YTD