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Enovix (ENVX) Competitors

Enovix logo
$9.34 -0.52 (-5.27%)
(As of 12/10/2024 ET)

ENVX vs. NOVT, ENS, FLNC, ATKR, ENR, QS, SPB, RUN, EOSE, and BYRN

Should you be buying Enovix stock or one of its competitors? The main competitors of Enovix include Novanta (NOVT), EnerSys (ENS), Fluence Energy (FLNC), Atkore (ATKR), Energizer (ENR), QuantumScape (QS), Spectrum Brands (SPB), Sunrun (RUN), Eos Energy Enterprises (EOSE), and Byrna Technologies (BYRN). These companies are all part of the "miscellaneous electrical machinery, equipment, & supplies" industry.

Enovix vs.

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

In the previous week, Enovix had 4 more articles in the media than Novanta. MarketBeat recorded 8 mentions for Enovix and 4 mentions for Novanta. Novanta's average media sentiment score of 1.40 beat Enovix's score of 0.51 indicating that Novanta is being referred to more favorably in the news media.

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

Novanta has a net margin of 6.52% compared to Enovix's net margin of -1,180.21%. Novanta's return on equity of 15.20% beat Enovix's return on equity.

Company Net Margins Return on Equity Return on Assets
Enovix-1,180.21% -102.19% -42.53%
Novanta 6.52%15.20%7.80%

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
Enovix$7.64M229.70-$214.07M-$1.61-6.12
Novanta$881.66M6.77$72.88M$1.6799.44

Enovix presently has a consensus price target of $20.50, indicating a potential upside of 107.91%. Novanta has a consensus price target of $169.00, indicating a potential upside of 1.76%. 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
Enovix
0 Sell rating(s)
2 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
2.91
Novanta
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

Novanta received 258 more outperform votes than Enovix when rated by MarketBeat users. Likewise, 71.80% of users gave Novanta an outperform vote while only 64.29% of users gave Enovix an outperform vote.

CompanyUnderperformOutperform
EnovixOutperform Votes
45
64.29%
Underperform Votes
25
35.71%
NovantaOutperform Votes
303
71.80%
Underperform Votes
119
28.20%

50.9% of Enovix shares are held by institutional investors. Comparatively, 98.4% of Novanta shares are held by institutional investors. 15.7% of Enovix shares are held by company insiders. Comparatively, 1.2% of Novanta shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Enovix has a beta of 1.94, suggesting that its stock price is 94% more volatile than the S&P 500. Comparatively, Novanta has a beta of 1.26, suggesting that its stock price is 26% more volatile than the S&P 500.

Summary

Novanta beats Enovix on 11 of the 19 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$1.75B$953.37M$8.20B$9.16B
Dividend YieldN/A1.90%11.35%4.06%
P/E Ratio-6.1222.9316.7017.59
Price / Sales229.7013.25115.20164.82
Price / CashN/A15.1311.6135.62
Price / Book6.323.943.694.97
Net Income-$214.07M-$70.32M$919.26M$224.59M
7 Day Performance-0.30%2.43%-1.85%1.32%
1 Month Performance5.12%15.59%10.65%6.29%
1 Year Performance-16.16%1.49%7.90%29.33%

Enovix Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ENVX
Enovix
2.5322 of 5 stars
$9.34
-5.3%
$20.50
+119.5%
-16.2%$1.66B$20.74M-5.80560Gap Down
NOVT
Novanta
1.9901 of 5 stars
$165.94
+0.1%
$169.00
+1.8%
+7.9%$5.96B$881.66M99.232,900Positive News
ENS
EnerSys
4.4523 of 5 stars
$97.12
+2.5%
$118.00
+21.5%
+4.1%$3.87B$3.58B13.4210,797Positive News
FLNC
Fluence Energy
4.3752 of 5 stars
$18.81
+11.2%
$26.85
+42.7%
-15.5%$3.41B$2.70B141.691,595Analyst Revision
Gap Down
ATKR
Atkore
4.3303 of 5 stars
$90.47
+1.7%
$118.80
+31.3%
-32.9%$3.16B$3.20B7.055,600Positive News
ENR
Energizer
4.1452 of 5 stars
$38.24
+1.0%
$37.63
-1.6%
+23.1%$2.75B$2.89B72.855,600
QS
QuantumScape
0.8596 of 5 stars
$5.28
+5.6%
$6.26
+18.6%
-24.8%$2.71BN/A-5.75850Insider Trade
High Trading Volume
SPB
Spectrum Brands
3.4787 of 5 stars
$96.20
+1.4%
$102.38
+6.4%
+29.1%$2.70B$2.96B23.253,100Positive News
RUN
Sunrun
4.5102 of 5 stars
$10.58
+2.1%
$19.28
+82.2%
-13.0%$2.37B$2.26B0.0010,833Positive News
EOSE
Eos Energy Enterprises
1.1583 of 5 stars
$3.31
+3.1%
$3.90
+17.8%
+172.1%$721.28M$16.38M-1.35250Positive News
BYRN
Byrna Technologies
1.4612 of 5 stars
$18.81
-3.2%
$17.75
-5.6%
+231.3%$428.12M$42.64M215.91150News Coverage
Gap Up

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This page (NASDAQ:ENVX) was last updated on 12/10/2024 by MarketBeat.com Staff
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