Enovix (NASDAQ:ENVX) versus Redeia Corporacion (OTCMKTS:RDEIY) Head to Head Analysis

Enovix (NASDAQ:ENVX) and Redeia Corporacion (OTCMKTS:RDEIY) are both energy companies, but which is the superior business? We will contrast the two businesses based on the strength of their institutional ownership, earnings, valuation, dividends, profitability, risk and analyst recommendations.

Analyst Ratings

This is a breakdown of current ratings and price targets for Enovix and Redeia Corporacion, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Enovix	1	4	5	0	2.40
Redeia Corporacion	2	4	0	1	2.00

Enovix currently has a consensus target price of $17.88, suggesting a potential upside of 46.40%. Given Enovix’s stronger consensus rating and higher possible upside, equities analysts clearly believe Enovix is more favorable than Redeia Corporacion.

Profitability

This table compares Enovix and Redeia Corporacion’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%
Redeia Corporacion	N/A	N/A	N/A

Volatility and Risk

Enovix has a beta of 2.09, indicating that its share price is 109% more volatile than the S&P 500. Comparatively, Redeia Corporacion has a beta of 0.6, indicating that its share price is 40% less volatile than the S&P 500.

Earnings & Valuation

This table compares Enovix and Redeia Corporacion”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Enovix	$23.07 million	104.05	-$222.24 million	($0.84)	-14.54
Redeia Corporacion	$1.73 billion	0.56	$398.69 million	N/A	N/A

Redeia Corporacion has higher revenue and earnings than Enovix.

Institutional & Insider Ownership

50.9% of Enovix shares are owned by institutional investors. 14.1% of Enovix shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Summary

Enovix beats Redeia Corporacion on 7 of the 13 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 Redeia Corporacion

Redeia Corporación, S.A. engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. The company operates through three segments: Management and Operation of National Electricity Infrastructure; Management and Operation of International Electricity Infrastructure; and Telecommunications (Satellites and Fibre Optic). Its transmission network comprises approximately 45,141 kilometres; and has 94,981 MVA of transformation capacity. The company also provides advisory, engineering, and construction services; and telecommunications, financing, reinsurance, line and substation maintenance, technical consultancy, and satellite telecommunications services. In addition, it manages and constructs energy storage facilities and the water cycle; acquires, holds, manages, and administers equity securities; operates satellite communications system and provides space segment services for the geostationary orbital slots; and sells and leases satellites and spatial capacity. The company was formerly known as Red Eléctrica Corporación, S.A. and changed its name to Redeia Corporación, S.A. in June 2023. Redeia Corporación, S.A. was incorporated in 1985 and is based in Alcobendas, Spain.