Reviewing Enovix (ENVX) and The Competition

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

Institutional & Insider Ownership

56.8% of Enovix shares are held by institutional investors. Comparatively, 52.5% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are held by institutional investors. 12.2% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Analyst Ratings

This is a summary of recent ratings and price targets for Enovix and its competitors, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Enovix	0	0	5	0	3.00
Enovix Competitors	133	662	988	32	2.51

Enovix presently has a consensus target price of $33.00, suggesting a potential upside of 275.85%. As a group, “Miscellaneous electrical machinery, equipment, & supplies” companies have a potential upside of 80.00%. Given Enovix’s stronger consensus rating and higher possible upside, analysts plainly believe Enovix is more favorable than its competitors.

Valuation & Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
Enovix	N/A	-$125.87 million	-8.36
Enovix Competitors	$646.25 million	$19.61 million	4.03

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.

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	-97.64%	-47.41%
Enovix Competitors	-90.86%	-10.84%	-4.44%

Risk & Volatility

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

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.