Electrovaya (NASDAQ:ELVA – Get Free Report) and Enovix (NASDAQ:ENVX – Get Free Report) are both small-cap computer and technology companies, but which is the better stock? We will compare the two businesses based on the strength of their analyst recommendations, valuation, institutional ownership, risk, profitability, dividends and earnings.
Risk and Volatility
Electrovaya has a beta of 1.44, suggesting that its share price is 44% more volatile than the S&P 500. Comparatively, Enovix has a beta of 1.99, suggesting that its share price is 99% more volatile than the S&P 500.
Valuation & Earnings
This table compares Electrovaya and Enovix”s revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Electrovaya | $49.41 million | 1.46 | -$1.48 million | ($0.01) | -213.12 |
| Enovix | $7.64 million | 203.84 | -$214.07 million | ($1.61) | -5.43 |
Profitability
This table compares Electrovaya and Enovix’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Electrovaya | -1.34% | -8.02% | -1.63% |
| Enovix | -1,180.21% | -102.19% | -42.53% |
Insider and Institutional Ownership
22.5% of Electrovaya shares are held by institutional investors. Comparatively, 50.9% of Enovix shares are held by institutional investors. 15.7% of Enovix shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
Analyst Recommendations
This is a summary of recent ratings and recommmendations for Electrovaya and Enovix, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Electrovaya | 0 | 0 | 5 | 0 | 3.00 |
| Enovix | 0 | 2 | 8 | 1 | 2.91 |
Electrovaya currently has a consensus target price of $8.75, suggesting a potential upside of 310.57%. Enovix has a consensus target price of $20.50, suggesting a potential upside of 134.29%. Given Electrovaya’s stronger consensus rating and higher possible upside, analysts plainly believe Electrovaya is more favorable than Enovix.
Summary
Electrovaya beats Enovix on 8 of the 15 factors compared between the two stocks.
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.
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.
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