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Electrovaya (ELVA) Competitors

Electrovaya logo
$2.34 -0.06 (-2.50%)
(As of 11/15/2024 ET)

ELVA vs. FREY, NVX, SLDP, AMPX, GAUZ, NEOV, ULBI, SES, GWH, and CBAT

Should you be buying Electrovaya stock or one of its competitors? The main competitors of Electrovaya include FREYR Battery (FREY), NOVONIX (NVX), Solid Power (SLDP), Amprius Technologies (AMPX), Gauzy (GAUZ), NeoVolta (NEOV), Ultralife (ULBI), SES AI (SES), ESS Tech (GWH), and CBAK Energy Technology (CBAT). These companies are all part of the "miscellaneous electrical machinery, equipment, & supplies" industry.

Electrovaya vs.

FREYR Battery (NYSE:FREY) and Electrovaya (NASDAQ:ELVA) are both small-cap oils/energy companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, institutional ownership, community ranking, dividends, media sentiment, risk, valuation, profitability and analyst recommendations.

FREYR Battery has a net margin of 0.00% compared to Electrovaya's net margin of -1.34%. Electrovaya's return on equity of -8.02% beat FREYR Battery's return on equity.

Company Net Margins Return on Equity Return on Assets
FREYR BatteryN/A -18.72% -16.29%
Electrovaya -1.34%-8.02%-1.63%

In the previous week, Electrovaya had 2 more articles in the media than FREYR Battery. MarketBeat recorded 9 mentions for Electrovaya and 7 mentions for FREYR Battery. Electrovaya's average media sentiment score of 0.46 beat FREYR Battery's score of 0.20 indicating that Electrovaya is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
FREYR Battery
0 Very Positive mention(s)
2 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Electrovaya
1 Very Positive mention(s)
1 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Electrovaya has a consensus price target of $8.75, suggesting a potential upside of 273.93%. Given Electrovaya's stronger consensus rating and higher possible upside, analysts clearly believe Electrovaya is more favorable than FREYR Battery.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
FREYR Battery
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Electrovaya
0 Sell rating(s)
0 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
3.00

Electrovaya received 1 more outperform votes than FREYR Battery when rated by MarketBeat users. Likewise, 100.00% of users gave Electrovaya an outperform vote while only 38.71% of users gave FREYR Battery an outperform vote.

CompanyUnderperformOutperform
FREYR BatteryOutperform Votes
12
38.71%
Underperform Votes
19
61.29%
ElectrovayaOutperform Votes
13
100.00%
Underperform Votes
No Votes

FREYR Battery has a beta of 0.72, meaning that its share price is 28% less volatile than the S&P 500. Comparatively, Electrovaya has a beta of 1.44, meaning that its share price is 44% more volatile than the S&P 500.

52.3% of FREYR Battery shares are held by institutional investors. Comparatively, 22.5% of Electrovaya shares are held by institutional investors. 20.4% of FREYR Battery shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Electrovaya has higher revenue and earnings than FREYR Battery. Electrovaya is trading at a lower price-to-earnings ratio than FREYR Battery, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
FREYR BatteryN/AN/A-$71.94M-$0.76-2.76
Electrovaya$44.06M1.80-$1.48M-$0.01-234.00

Summary

Electrovaya beats FREYR Battery on 13 of the 17 factors compared between the two stocks.

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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ELVA vs. The Competition

MetricElectrovayaelectrical machinery, equipment, & supplies IndustryComputer SectorNASDAQ Exchange
Market Cap$79.29M$997.74M$24.98B$8.74B
Dividend YieldN/A1.97%2.82%4.08%
P/E Ratio-234.0013.97208.5313.82
Price / Sales1.8012.823,429.3387.50
Price / CashN/A10.3434.4635.24
Price / Book10.644.146.865.93
Net Income-$1.48M-$23.58M$678.01M$225.73M
7 Day Performance6.12%3.95%-2.23%-1.34%
1 Month Performance2.63%8.45%-0.03%1.15%
1 Year Performance-8.24%0.71%16.82%24.02%

Electrovaya Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ELVA
Electrovaya
2.3073 of 5 stars
$2.34
-2.5%
$8.75
+273.9%
-10.7%$79.29M$44.06M-234.0097Short Interest ↑
News Coverage
FREY
FREYR Battery
0.6152 of 5 stars
$2.32
+13.2%
N/A+26.5%$288MN/A-3.05210Short Interest ↑
NVX
NOVONIX
2.4048 of 5 stars
$2.22
+18.1%
N/A+5.6%$274.03M$6.88M0.00N/AShort Interest ↑
High Trading Volume
SLDP
Solid Power
1.3226 of 5 stars
$1.17
+0.9%
N/A-31.8%$208.49M$19.74M-2.38240Insider Selling
AMPX
Amprius Technologies
2.6016 of 5 stars
$2.43
+40.5%
N/A-41.1%$192.12M$9.05M-5.4080Short Interest ↑
High Trading Volume
GAUZ
Gauzy
2.8482 of 5 stars
$8.74
+4.2%
N/AN/A$166.50M$77.98M0.00N/AAnalyst Forecast
Short Interest ↑
NEOV
NeoVolta
2.0832 of 5 stars
$4.92
+9.6%
N/A+166.8%$164.14M$2.65M-54.675Earnings Report
Analyst Forecast
Short Interest ↑
News Coverage
Negative News
Gap Up
High Trading Volume
ULBI
Ultralife
3.9647 of 5 stars
$7.95
-0.4%
N/A-0.1%$132.65M$168.95M14.45560Analyst Forecast
News Coverage
SES
SES AI
2.1204 of 5 stars
$0.36
-2.7%
N/A-88.5%$129.78MN/A-1.56130High Trading Volume
GWH
ESS Tech
2.5304 of 5 stars
$9.92
+20.0%
N/A-70.8%$117.00M$7.43M-1.58231Analyst Forecast
News Coverage
High Trading Volume
CBAT
CBAK Energy Technology
2.0911 of 5 stars
$1.02
-5.6%
N/A+14.9%$91.29M$204.44M5.341,456News Coverage
Gap Up
High Trading Volume

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This page (NASDAQ:ELVA) was last updated on 11/17/2024 by MarketBeat.com Staff
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