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

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

Analyst Recommendations

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

	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 target price of $7.50, indicating a potential upside of 125.23%. Enovix has a consensus target price of $20.50, indicating a potential upside of 79.04%. Given NeoVolta’s stronger consensus rating and higher possible upside, analysts plainly believe NeoVolta is more favorable than Enovix.

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

Risk & Volatility

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

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%

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	$2.64 million	42.08	-$2.30 million	($0.09)	-37.00
Enovix	$7.64 million	266.74	-$214.07 million	($1.61)	-7.11

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.

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.