Enovix (NASDAQ:ENVX – Get Rating) is one of 57 public companies in the “Miscellaneous electrical machinery, equipment, & supplies” industry, but how does it weigh in compared to its competitors? We will compare Enovix to similar companies based on the strength of its analyst recommendations, risk, profitability, institutional ownership, dividends, valuation and earnings.
This table compares Enovix and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
This is a summary of recent ratings and recommmendations for Enovix and its competitors, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Enovix currently 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, analysts plainly believe Enovix is more favorable than its competitors.
Earnings and Valuation
This table compares Enovix and its competitors top-line revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Enovix Competitors||$646.25 million||$19.61 million||3.44|
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.
Insider and Institutional 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. 11.9% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
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.
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.
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