Enovix (NASDAQ:ENVX – Get Free Report) and Crescent Energy (NYSE:CRGY – Get Free Report) are both mid-cap energy companies, but which is the better investment? We will compare the two companies based on the strength of their risk, institutional ownership, profitability, earnings, valuation, analyst recommendations and dividends.
Volatility and Risk
Enovix has a beta of 2.11, suggesting that its stock price is 111% more volatile than the S&P 500. Comparatively, Crescent Energy has a beta of 1.86, suggesting that its stock price is 86% more volatile than the S&P 500.
Earnings and Valuation
This table compares Enovix and Crescent Energy”s top-line revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Enovix | $23.07 million | 88.71 | -$222.24 million | ($0.84) | -12.39 |
| Crescent Energy | $2.93 billion | 0.83 | -$114.61 million | ($0.18) | -52.94 |
Crescent Energy has higher revenue and earnings than Enovix. Crescent Energy is trading at a lower price-to-earnings ratio than Enovix, indicating that it is currently the more affordable of the two stocks.
Institutional and Insider Ownership
50.9% of Enovix shares are owned by institutional investors. Comparatively, 52.1% of Crescent Energy shares are owned by institutional investors. 14.1% of Enovix shares are owned by insiders. Comparatively, 13.2% of Crescent Energy shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
Profitability
This table compares Enovix and Crescent Energy’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Enovix | -481.35% | -73.88% | -32.85% |
| Crescent Energy | 0.67% | 13.35% | 4.82% |
Analyst Recommendations
This is a summary of current recommendations and price targets for Enovix and Crescent Energy, as reported by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Enovix | 0 | 5 | 5 | 0 | 2.50 |
| Crescent Energy | 1 | 3 | 9 | 1 | 2.71 |
Enovix currently has a consensus price target of $17.00, suggesting a potential upside of 63.30%. Crescent Energy has a consensus price target of $15.70, suggesting a potential upside of 64.74%. Given Crescent Energy’s stronger consensus rating and higher possible upside, analysts clearly believe Crescent Energy is more favorable than Enovix.
Summary
Crescent Energy beats Enovix on 11 of the 15 factors compared between the two stocks.
About Enovix
Enovix Corporation designs develops and manufactures silicon-anode 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 Crescent Energy
Crescent Energy Company acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. Its portfolio of assets comprises mid-cycle unconventional and conventional assets in the Eagle Ford and Uinta Basins. It also owns and operates various midstream assets, which provide services to customers. The company is based in Houston, Texas.
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