Foxx Development (FOXX) vs. Its Competitors Critical Review

Foxx Development (NASDAQ:FOXX) is one of 47 public companies in the “CONSM PD – MISC DIS” industry, but how does it compare to its rivals? We will compare Foxx Development to similar companies based on the strength of its analyst recommendations, earnings, institutional ownership, valuation, risk, dividends and profitability.

Earnings and Valuation

This table compares Foxx Development and its rivals top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Foxx Development	$65.92 million	-$9.02 million	-2.13
Foxx Development Competitors	$2.84 billion	$80.45 million	13.34

Foxx Development’s rivals have higher revenue and earnings than Foxx Development. Foxx Development 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.

Risk & Volatility

Foxx Development has a beta of -0.17, suggesting that its share price is 117% less volatile than the S&P 500. Comparatively, Foxx Development’s rivals have a beta of 1.22, suggesting that their average share price is 22% more volatile than the S&P 500.

Analyst Ratings

This is a summary of recent ratings for Foxx Development and its rivals, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Foxx Development	1	0	0	0	1.00
Foxx Development Competitors	185	986	1021	35	2.41

As a group, “CONSM PD – MISC DIS” companies have a potential upside of 38.62%. Given Foxx Development’s rivals stronger consensus rating and higher probable upside, analysts plainly believe Foxx Development has less favorable growth aspects than its rivals.

Institutional & Insider Ownership

60.4% of Foxx Development shares are held by institutional investors. Comparatively, 40.3% of shares of all “CONSM PD – MISC DIS” companies are held by institutional investors. 39.8% of Foxx Development shares are held by insiders. Comparatively, 22.3% of shares of all “CONSM PD – MISC DIS” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Profitability

This table compares Foxx Development and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Foxx Development	-13.69%	N/A	-25.71%
Foxx Development Competitors	-5.01%	0.94%	0.13%

Summary

Foxx Development rivals beat Foxx Development on 11 of the 13 factors compared.

About Foxx Development

Foxx Development Holdings Inc. is a consumer electronics and integrated Internet-of-Things solution company catering to both retail and institutional clients. The company currently sells a diverse range of products including mobile phones, tablets and other consumer electronics devices principally in United State and is in the process of developing and distributing end-to-end communication terminals and IoT solutions. Foxx Development Holdings Inc., formerly known as Acri Capital Acquisition Corporation, is based in Austin, TX.