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Enovix (ENVX) Competitors

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$7.35 -0.51 (-6.49%)
Closing price 05/21/2025 04:00 PM Eastern
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$7.34 -0.01 (-0.14%)
As of 05/21/2025 07:57 PM Eastern
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ENVX vs. NOVT, BE, XCH, RUN, ATKR, QS, ENR, EOSE, MVST, and FLNC

Should you be buying Enovix stock or one of its competitors? The main competitors of Enovix include Novanta (NOVT), Bloom Energy (BE), XCHG (XCH), Sunrun (RUN), Atkore (ATKR), QuantumScape (QS), Energizer (ENR), Eos Energy Enterprises (EOSE), Microvast (MVST), and Fluence Energy (FLNC). These companies are all part of the "electrical equipment" industry.

Enovix vs.

Novanta (NASDAQ:NOVT) and Enovix (NASDAQ:ENVX) are both computer and technology companies, but which is the better investment? We will compare the two companies based on the strength of their community ranking, dividends, profitability, media sentiment, institutional ownership, risk, analyst recommendations, earnings and valuation.

Novanta has higher revenue and earnings than Enovix. Enovix is trading at a lower price-to-earnings ratio than Novanta, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Novanta$951.70M4.65$72.88M$1.9662.74
Enovix$22.90M61.63-$214.07M-$1.29-5.70

In the previous week, Novanta had 4 more articles in the media than Enovix. MarketBeat recorded 7 mentions for Novanta and 3 mentions for Enovix. Novanta's average media sentiment score of 1.44 beat Enovix's score of 1.27 indicating that Novanta is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Novanta
5 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Enovix
3 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Novanta currently has a consensus price target of $160.00, indicating a potential upside of 30.11%. Enovix has a consensus price target of $17.27, indicating a potential upside of 135.00%. Given Enovix's stronger consensus rating and higher probable upside, analysts plainly believe Enovix is more favorable than Novanta.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Novanta
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00
Enovix
0 Sell rating(s)
3 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
2.73

Novanta received 252 more outperform votes than Enovix when rated by MarketBeat users. Likewise, 71.63% of users gave Novanta an outperform vote while only 66.23% of users gave Enovix an outperform vote.

CompanyUnderperformOutperform
NovantaOutperform Votes
303
71.63%
Underperform Votes
120
28.37%
EnovixOutperform Votes
51
66.23%
Underperform Votes
26
33.77%

Novanta has a net margin of 6.52% compared to Enovix's net margin of -963.17%. Novanta's return on equity of 15.20% beat Enovix's return on equity.

Company Net Margins Return on Equity Return on Assets
Novanta6.52% 15.20% 7.80%
Enovix -963.17%-96.99%-38.60%

Novanta has a beta of 1.51, meaning that its share price is 51% more volatile than the S&P 500. Comparatively, Enovix has a beta of 1.99, meaning that its share price is 99% more volatile than the S&P 500.

98.3% of Novanta shares are owned by institutional investors. Comparatively, 50.9% of Enovix shares are owned by institutional investors. 1.2% of Novanta shares are owned by company insiders. Comparatively, 15.7% of Enovix shares are owned by company 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.

Summary

Novanta beats Enovix on 12 of the 18 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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ENVX vs. The Competition

MetricEnovixelectrical machinery, equipment, & supplies IndustryEnergy SectorNASDAQ Exchange
Market Cap$1.41B$805.07M$7.29B$8.39B
Dividend YieldN/A2.70%10.95%4.10%
P/E Ratio-5.079.0954.3519.71
Price / Sales61.638.2723,751.12117.39
Price / CashN/A15.9535.5034.62
Price / Book4.718.523.534.50
Net Income-$214.07M-$70.66M$4.30B$248.18M
7 Day Performance-5.65%-6.26%-0.69%0.20%
1 Month Performance19.32%9.02%6.68%12.37%
1 Year Performance-30.53%11.00%176.04%7.04%

Enovix Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ENVX
Enovix
2.2985 of 5 stars
$7.35
-6.5%
$17.27
+135.0%
-29.1%$1.41B$22.90M-5.07340Positive News
Gap Down
NOVT
Novanta
2.6516 of 5 stars
$129.27
-1.4%
$160.00
+23.8%
-25.8%$4.65B$951.70M77.413,000News Coverage
BE
Bloom Energy
4.248 of 5 stars
$19.07
-5.2%
$22.47
+17.8%
+20.5%$4.43B$1.56B-34.052,530Positive News
XCH
XCHG
N/A$1.35
flat
N/AN/A$3.20B$42.20M0.00165Gap Down
RUN
Sunrun
4.4371 of 5 stars
$11.35
-7.3%
$14.92
+31.4%
-10.9%$2.59B$2.08B-6.2412,400Analyst Forecast
Gap Down
ATKR
Atkore
2.3515 of 5 stars
$68.75
-0.2%
$77.57
+12.8%
-57.5%$2.31B$2.97B6.665,000Positive News
QS
QuantumScape
1.6836 of 5 stars
$3.91
-17.3%
$5.19
+32.6%
-31.2%$2.19BN/A-4.16850News Coverage
Positive News
Insider Trade
Gap Up
High Trading Volume
ENR
Energizer
4.3789 of 5 stars
$23.69
-0.8%
$31.63
+33.5%
-24.5%$1.71B$2.90B29.995,500News Coverage
Positive News
Insider Trade
EOSE
Eos Energy Enterprises
0.6223 of 5 stars
$6.45
-7.6%
$6.00
-7.0%
+745.6%$1.47B$19.46M-2.68250Gap Up
MVST
Microvast
0.8726 of 5 stars
$3.50
+3.6%
$3.00
-14.3%
+798.3%$1.14B$414.94M-9.212,150
FLNC
Fluence Energy
3.5904 of 5 stars
$5.26
-2.8%
$8.21
+56.2%
-73.4%$954.95M$2.33B-105.20970Analyst Forecast
Gap Down

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This page (NASDAQ:ENVX) was last updated on 5/22/2025 by MarketBeat.com Staff
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