Enovix (NASDAQ:ENVX – Get Free Report) and Electra Battery Materials (NASDAQ:ELBM – Get Free Report) are both small-cap oils/energy companies, but which is the superior stock? We will compare the two companies based on the strength of their profitability, risk, valuation, dividends, analyst recommendations, earnings and institutional ownership.
Risk and Volatility
Enovix has a beta of 1.62, meaning that its stock price is 62% more volatile than the S&P 500. Comparatively, Electra Battery Materials has a beta of 2.69, meaning that its stock price is 169% more volatile than the S&P 500.
Analyst Recommendations
This is a breakdown of current recommendations and price targets for Enovix and Electra Battery Materials, as reported by MarketBeat.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Enovix | 0 | 1 | 5 | 0 | 2.83 |
Electra Battery Materials | 0 | 0 | 2 | 0 | 3.00 |
Earnings & Valuation
This table compares Enovix and Electra Battery Materials’ top-line revenue, earnings per share and valuation.
Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
Enovix | $7.64 million | 147.77 | -$214.07 million | ($1.53) | -4.38 |
Electra Battery Materials | N/A | N/A | $9.65 million | ($0.38) | -1.14 |
Electra Battery Materials has lower revenue, but higher earnings than Enovix. Enovix is trading at a lower price-to-earnings ratio than Electra Battery Materials, indicating that it is currently the more affordable of the two stocks.
Profitability
This table compares Enovix and Electra Battery Materials’ net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Enovix | -2,800.51% | -77.74% | -41.01% |
Electra Battery Materials | N/A | -7.87% | -4.79% |
Institutional & Insider Ownership
50.9% of Enovix shares are held by institutional investors. Comparatively, 32.9% of Electra Battery Materials shares are held by institutional investors. 17.3% of Enovix shares are held by company insiders. Comparatively, 22.7% of Electra Battery Materials shares 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.
Summary
Electra Battery Materials beats Enovix on 10 of the 13 factors compared between the two stocks.
About Enovix
Enovix Corporation designs, develops, and manufactures lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.
About Electra Battery Materials
Electra Battery Materials Corporation engages in the acquisition and exploration of resource properties in the United States and Canada. It primarily explores for cobalt and silver deposits. The company's flagship project is the Iron Creek cobalt-copper project located in Lemhi County, Idaho. It also operates a cobalt refinery for producing battery materials for the electric vehicle supply chain. The company was formerly known as First Cobalt Corp. and changed its name to Electra Battery Materials Corporation in December 2021. Electra Battery Materials Corporation was incorporated in 2011 and is headquartered in Toronto, Canada.
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.