Enovix (NASDAQ:ENVX – Get Free Report) and Electrovaya (NASDAQ:ELVA – 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 earnings, analyst recommendations, profitability, institutional ownership, valuation, risk and dividends.
Volatility and Risk
Enovix has a beta of 1.99, suggesting that its stock price is 99% more volatile than the S&P 500. Comparatively, Electrovaya has a beta of 1.44, suggesting that its stock price is 44% more volatile than the S&P 500.
Institutional & Insider Ownership
50.9% of Enovix shares are held by institutional investors. Comparatively, 22.5% of Electrovaya shares are held by institutional investors. 15.7% of Enovix shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Profitability
| Net Margins | Return on Equity | Return on Assets | |
| Enovix | -1,180.21% | -102.19% | -42.53% |
| Electrovaya | -1.34% | -8.02% | -1.63% |
Analyst Recommendations
This is a breakdown of recent recommendations and price targets for Enovix and Electrovaya, as reported by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Enovix | 0 | 2 | 8 | 1 | 2.91 |
| Electrovaya | 0 | 0 | 5 | 0 | 3.00 |
Enovix currently has a consensus price target of $20.50, suggesting a potential upside of 127.52%. Electrovaya has a consensus price target of $8.75, suggesting a potential upside of 277.16%. Given Electrovaya’s stronger consensus rating and higher probable upside, analysts plainly believe Electrovaya is more favorable than Enovix.
Earnings & Valuation
This table compares Enovix and Electrovaya”s revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Enovix | $20.74 million | 77.33 | -$214.07 million | ($1.61) | -5.60 |
| Electrovaya | $44.06 million | 1.80 | -$1.48 million | ($0.01) | -232.00 |
Electrovaya has higher revenue and earnings than Enovix. Electrovaya is trading at a lower price-to-earnings ratio than Enovix, indicating that it is currently the more affordable of the two stocks.
Summary
Electrovaya beats Enovix on 8 of the 15 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 Electrovaya
Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It offers lithium-ion batteries and systems for materials handling electric vehicles, including forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as competencies in building systems for third parties. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated in 1996 and is headquartered in Mississauga, Canada.
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