ELVA vs. FREY, SLDP, BYRN, NVX, STEM, NRGV, ZEO, ULBI, EOSE, and CAPT
Should you be buying Electrovaya stock or one of its competitors? The main competitors of Electrovaya include FREYR Battery (FREY), Solid Power (SLDP), Byrna Technologies (BYRN), NOVONIX (NVX), Stem (STEM), Energy Vault (NRGV), Zeo Energy (ZEO), Ultralife (ULBI), Eos Energy Enterprises (EOSE), and Captivision (CAPT). These companies are all part of the "miscellaneous electrical machinery, equipment, & supplies" industry.
Electrovaya (NASDAQ:ELVA) and FREYR Battery (NYSE:FREY) are both small-cap computer and technology companies, but which is the superior stock? We will contrast the two companies based on the strength of their media sentiment, valuation, analyst recommendations, earnings, risk, community ranking, institutional ownership, profitability and dividends.
Electrovaya presently has a consensus price target of $11.00, suggesting a potential upside of 285.96%. FREYR Battery has a consensus price target of $5.23, suggesting a potential upside of 117.71%. Given Electrovaya's stronger consensus rating and higher probable upside, research analysts clearly believe Electrovaya is more favorable than FREYR Battery.
FREYR Battery has a net margin of 0.00% compared to Electrovaya's net margin of -0.44%. Electrovaya's return on equity of -2.83% beat FREYR Battery's return on equity.
FREYR Battery received 3 more outperform votes than Electrovaya when rated by MarketBeat users. However, 100.00% of users gave Electrovaya an outperform vote while only 38.71% of users gave FREYR Battery an outperform vote.
22.5% of Electrovaya shares are held by institutional investors. Comparatively, 52.3% of FREYR Battery shares are held by institutional investors. 25.5% of FREYR Battery shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Electrovaya has higher revenue and earnings than FREYR Battery.
In the previous week, Electrovaya had 2 more articles in the media than FREYR Battery. MarketBeat recorded 5 mentions for Electrovaya and 3 mentions for FREYR Battery. Electrovaya's average media sentiment score of 0.56 beat FREYR Battery's score of 0.20 indicating that Electrovaya is being referred to more favorably in the media.
Summary
Electrovaya beats FREYR Battery on 10 of the 14 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding ELVA and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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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