Comparing Enovix (ENVX) and Its Peers

Enovix (NASDAQ:ENVXGet 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 peers? We will compare Enovix to similar businesses based on the strength of its risk, valuation, institutional ownership, profitability, earnings, dividends and analyst recommendations.

Valuation and Earnings

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

Gross Revenue Net Income Price/Earnings Ratio
Enovix N/A -$125.87 million -8.87
Enovix Competitors $646.25 million $19.61 million 3.38

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

Risk & Volatility

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

Analyst Ratings

This is a breakdown of recent ratings and recommmendations for Enovix and its peers, 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 135 663 988 32 2.50

Enovix currently has a consensus target price of $33.00, suggesting a potential upside of 254.46%. As a group, “Miscellaneous electrical machinery, equipment, & supplies” companies have a potential upside of 77.76%. Given Enovix’s stronger consensus rating and higher possible upside, research analysts plainly believe Enovix is more favorable than its peers.

Profitability

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

Net Margins Return on Equity Return on Assets
Enovix N/A -61.76% -35.84%
Enovix Competitors -95.11% -11.77% -4.91%

Insider & Institutional 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 large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Summary

Enovix peers 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.

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