Analyzing NOVONIX (NASDAQ:NVX) & Electriq Power (NYSE:ELIQ)

Electriq Power (NYSE:ELIQ) and NOVONIX (NASDAQ:NVX) are both small-cap oils/energy companies, but which is the superior investment? We will contrast the two companies based on the strength of their dividends, valuation, analyst recommendations, risk, institutional ownership, profitability and earnings.

Risk & Volatility

Electriq Power has a beta of -0.06, suggesting that its stock price is 106% less volatile than the S&P 500. Comparatively, NOVONIX has a beta of 3, suggesting that its stock price is 200% more volatile than the S&P 500.

Analyst Recommendations

This is a breakdown of current recommendations and price targets for Electriq Power and NOVONIX, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Electriq Power	0	0	0	0	N/A
NOVONIX	0	0	1	0	3.00

NOVONIX has a consensus target price of $4.00, suggesting a potential upside of 158.06%. Given NOVONIX’s higher possible upside, analysts plainly believe NOVONIX is more favorable than Electriq Power.

Earnings and Valuation

This table compares Electriq Power and NOVONIX’s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Electriq Power	$1.66 million	0.25	$10.44 million	N/A	N/A
NOVONIX	$8.05 million	23.53	-$46.25 million	N/A	N/A

Electriq Power has higher earnings, but lower revenue than NOVONIX.

Insider and Institutional Ownership

7.6% of Electriq Power shares are owned by institutional investors. Comparatively, 0.1% of NOVONIX shares are owned by institutional investors. 38.4% of Electriq Power shares are owned by insiders. Comparatively, 23.7% of NOVONIX shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Profitability

This table compares Electriq Power and NOVONIX’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Electriq Power	N/A	N/A	-12.52%
NOVONIX	N/A	N/A	N/A

Summary

NOVONIX beats Electriq Power on 6 of the 9 factors compared between the two stocks.

About Electriq Power

Electriq Power Holdings, Inc. provides turnkey intelligent energy storage and management solutions for homes and small businesses. The company offers PowerPod2, a smart home battery backup system. Its solutions enable cities, municipalities, and utilities to provide constituents with a path to sustainable and resilient sources of energy. The company was founded in 2014 and is based in West Palm Beach, Florida.

About NOVONIX

NOVONIX Limited provides battery materials and development technology for battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers in North America, Asia, Australia, and Europe. It operates through Battery Materials and Battery Technology segments. The Battery Materials segment develops and manufactures battery anode materials. The Battery Technology segment develops battery cell testing equipment, performs consulting services, and carries out research and development in battery development. The company is involved in the investment and real estate borrowing activities; and offers battery technology, battery testing hardware equipment, and battery testing and development consulting services. The company was formerly known as Graphitecorp Limited and changed its name to NOVONIX Limited in July 2017. NOVONIX Limited was incorporated in 2012 and is based in Brisbane, Australia.