Comparing Enovix (NASDAQ:ENVX) and NeoVolta (NASDAQ:NEOV)

NeoVolta (NASDAQ:NEOV) and Enovix (NASDAQ:ENVX) are both small-cap oils/energy companies, but which is the superior stock? We will compare the two businesses based on the strength of their institutional ownership, profitability, analyst recommendations, dividends, earnings, risk and valuation.

Valuation and Earnings

This table compares NeoVolta and Enovix”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
NeoVolta	$2.52 million	40.37	-$2.30 million	($0.10)	-30.50
Enovix	$20.74 million	94.58	-$214.07 million	($1.61)	-6.84

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

Analyst Recommendations

This is a summary of recent ratings and recommmendations for NeoVolta and Enovix, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
NeoVolta	0	0	1	0	3.00
Enovix	0	2	8	1	2.91

NeoVolta presently has a consensus price target of $7.50, indicating a potential upside of 145.90%. Enovix has a consensus price target of $20.50, indicating a potential upside of 86.03%. Given NeoVolta’s stronger consensus rating and higher probable upside, research analysts clearly believe NeoVolta is more favorable than Enovix.

Profitability

This table compares NeoVolta and Enovix’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
NeoVolta	-114.93%	-58.84%	-57.81%
Enovix	-1,180.21%	-102.19%	-42.53%

Volatility & Risk

NeoVolta has a beta of -1.44, suggesting that its stock price is 244% less volatile than the S&P 500. Comparatively, Enovix has a beta of 1.87, suggesting that its stock price is 87% more volatile than the S&P 500.

Insider and Institutional Ownership

5.1% of NeoVolta shares are held by institutional investors. Comparatively, 50.9% of Enovix shares are held by institutional investors. 15.2% of NeoVolta shares are held by company insiders. Comparatively, 15.7% of Enovix shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Summary

Enovix beats NeoVolta on 9 of the 15 factors compared between the two stocks.

About NeoVolta

NeoVolta Inc. designs, manufactures, and sells energy storage systems in the United States. It provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors. NeoVolta Inc. was formed in 2018 and is headquartered in Poway, California.

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.