Review of Enovix (ENVX) and Its Competitors

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Enovix (NASDAQ:ENVX – Get Rating) is one of 57 public companies in the Miscellaneous Electrical Machinery, Equipment and Supplies industry, but how does it stack up against its competitors? We will compare Enovix to related companies based on its risk strength, profitability, dividends, valuation, earnings, institutional ownership and analyst recommendations.

Insider and Institutional Ownership

56.8% of Enovix shares are held by institutional investors. By comparison, 52.2% of the shares of all “Miscellaneous electrical machinery, equipment and supplies” companies are held by institutional investors. 11.7% of the shares of all “Miscellaneous electrical machinery, equipment and supplies” companies are held by insiders. Strong institutional ownership indicates that hedge funds, large money managers, and endowments believe a stock is poised for long-term growth.

Profitability

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

Net margins Return on equity return on assets
Enovix N / A -50.12% -32.99%
Enovix Competitors -98.86% -11.84% -4.93%

Analyst Recommendations

This is a breakdown of the current ratings and recommendations for Enovix and its competitors, as provided by MarketBeat.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Enovix 0 0 5 0 3.00
Enovix Competitors 137 668 989 35 2.50

Enovix currently has a consensus price target of $33.00, suggesting a potential upside of 156.01%. As a group, the “Miscellaneous Electrical Machinery, Equipment and Supplies” companies have an upside potential of 63.64%. Given Enovix’s stronger consensus rating and higher likely upside, research analysts clearly believe that Enovix is ​​more favorable than its competitors.

Valuation and benefits

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

Gross revenue Net revenue Price/earnings ratio
Enovix N / A -$125.87 million -12.28
Enovix Competitors $672.47 million $19.67 million 2.90

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

Volatility and risk

Enovix has a beta of 1.88, meaning its stock price is 88% more volatile than the S&P 500. Comparatively, Enovix’s competitors have a beta of 0.36, meaning their average stock price is 64% less volatile than the S&P 500.

Summary

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

About Enovix (Get a rating)

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



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