Comparing Enovix (ENVX) & Its Peers

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

Risk & Volatility

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

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 company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Earnings and Valuation

This table compares Enovix and its rivals top-line revenue, earnings per share 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 3.44

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

Profitability

This table compares Enovix and its rivals’ 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%

Analyst Ratings

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

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Enovix 0 0 5 0 3.00
Enovix Competitors 136 663 988 34 2.51

Enovix presently has a consensus target price of $33.00, indicating a potential upside of 254.46%. As a group, “Miscellaneous electrical machinery, equipment, & supplies” companies have a potential upside of 77.85%. Given Enovix’s stronger consensus rating and higher probable upside, equities research analysts plainly believe Enovix is more favorable than its rivals.

Summary

Enovix rivals 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.