Reviewing Enovix (ENVX) and Its Competitors

Enovix (NASDAQ:ENVXGet Rating) is one of 57 public companies in the “Miscellaneous electrical machinery, equipment, & supplies” industry, but how does it contrast to its competitors? We will compare Enovix to related companies based on the strength of its dividends, institutional ownership, profitability, earnings, risk, valuation and analyst recommendations.

Volatility & Risk

Enovix has a beta of 1.98, indicating that its stock price is 98% more volatile than the S&P 500. Comparatively, Enovix’s competitors have a beta of 0.35, indicating that their average stock price is 65% less volatile than the S&P 500.

Valuation and Earnings

This table compares Enovix and its competitors revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Enovix N/A -$125.87 million -11.70
Enovix Competitors $646.25 million $19.61 million 3.62

Enovix’s competitors have higher revenue and earnings than Enovix. Enovix is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Institutional and Insider Ownership

56.8% of Enovix shares are owned by institutional investors. Comparatively, 52.5% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are owned by institutional investors. 11.9% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Analyst Recommendations

This is a summary of current recommendations and price targets for Enovix and its competitors, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Enovix 0 0 5 0 3.00
Enovix Competitors 137 666 989 35 2.50

Enovix currently has a consensus price target of $33.00, indicating a potential upside of 168.73%. As a group, “Miscellaneous electrical machinery, equipment, & supplies” companies have a potential upside of 64.66%. Given Enovix’s stronger consensus rating and higher possible upside, analysts plainly believe Enovix is more favorable than its competitors.

Profitability

This table compares Enovix and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Enovix N/A -50.12% -32.99%
Enovix Competitors -98.88% -11.85% -4.95%

Summary

Enovix competitors beat Enovix on 7 of the 13 factors compared.

About Enovix (Get Rating)

Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.

Receive News & Ratings for Enovix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enovix and related companies with MarketBeat.com's FREE daily email newsletter.