Enovix (ENVX) Competitors

Novanta (NASDAQ:NOVT) and Enovix (NASDAQ:ENVX) are both computer and technology companies, but which is the better business? We will compare the two companies based on the strength of their media sentiment, profitability, community ranking, analyst recommendations, dividends, earnings, risk, valuation and institutional ownership.

Which has preferable valuation and earnings, NOVT or ENVX?

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

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Novanta	$881.66M	6.72	$72.88M	$1.67	98.77
Enovix	$7.64M	209.90	-$214.07M	-$1.61	-5.60

Do analysts rate NOVT or ENVX?

Novanta presently has a consensus target price of $169.00, suggesting a potential upside of 2.46%. Enovix has a consensus target price of $20.50, suggesting a potential upside of 127.52%. Given Enovix's stronger consensus rating and higher possible upside, analysts clearly believe Enovix is more favorable than Novanta.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Novanta	0 Sell rating(s)	1 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	2.00
Enovix	0 Sell rating(s)	2 Hold rating(s)	8 Buy rating(s)	1 Strong Buy rating(s)	2.91

Do institutionals & insiders hold more shares of NOVT or ENVX?

98.4% of Novanta shares are held by institutional investors. Comparatively, 50.9% of Enovix shares are held by institutional investors. 1.2% of Novanta shares are held by insiders. Comparatively, 15.7% of Enovix shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Which has more volatility and risk, NOVT or ENVX?

Novanta has a beta of 1.29, indicating that its stock price is 29% more volatile than the S&P 500. Comparatively, Enovix has a beta of 1.99, indicating that its stock price is 99% more volatile than the S&P 500.

Does the media refer more to NOVT or ENVX?

In the previous week, Enovix had 1 more articles in the media than Novanta. MarketBeat recorded 4 mentions for Enovix and 3 mentions for Novanta. Novanta's average media sentiment score of 1.17 beat Enovix's score of 0.68 indicating that Novanta is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Novanta	2 Very Positive mention(s)	0 Positive mention(s)	1 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive
Enovix	2 Very Positive mention(s)	1 Positive mention(s)	0 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive

Does the MarketBeat Community favor NOVT or ENVX?

Novanta received 258 more outperform votes than Enovix when rated by MarketBeat users. Likewise, 71.80% of users gave Novanta an outperform vote while only 64.29% of users gave Enovix an outperform vote.

Company	Underperform	Outperform
Novanta	Outperform Votes 303 71.80%	Underperform Votes 119 28.20%
Enovix	Outperform Votes 45 64.29%	Underperform Votes 25 35.71%

Is NOVT or ENVX more profitable?

Novanta has a net margin of 6.52% compared to Enovix's net margin of -1,180.21%. Novanta's return on equity of 15.20% beat Enovix's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Novanta	6.52%	15.20%	7.80%
Enovix	-1,180.21%	-102.19%	-42.53%

Summary

Novanta beats Enovix on 11 of the 19 factors compared between the two stocks.