Comparing Electriq Power (NYSE:ELIQ) and Enovix (NASDAQ:ENVX)

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

Valuation & Earnings

This table compares Electriq Power and Enovix’s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Electriq Power	$1.66 million	0.24	$10.44 million	N/A	N/A
Enovix	$7.64 million	271.47	-$214.07 million	($1.34)	-9.10

Electriq Power has higher earnings, but lower revenue than Enovix.

Analyst Ratings

This is a breakdown of current ratings and recommmendations for Electriq Power and Enovix, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Electriq Power	0	0	0	0	N/A
Enovix	0	1	6	0	2.86

Enovix has a consensus price target of $18.33, suggesting a potential upside of 50.27%. Given Enovix’s higher probable upside, analysts clearly believe Enovix is more favorable than Electriq Power.

Institutional and Insider Ownership

7.6% of Electriq Power shares are owned by institutional investors. Comparatively, 50.9% of Enovix shares are owned by institutional investors. 38.4% of Electriq Power shares are owned by insiders. Comparatively, 17.3% of Enovix shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
Electriq Power	N/A	N/A	-12.52%
Enovix	-1,448.90%	-85.47%	-39.81%

Volatility & Risk

Electriq Power has a beta of -0.06, suggesting that its stock price is 106% less volatile than the S&P 500. Comparatively, Enovix has a beta of 1.95, suggesting that its stock price is 95% more volatile than the S&P 500.

Summary

Enovix beats Electriq Power on 6 of the 11 factors compared between the two stocks.

About Electriq Power

Electriq Power Holdings, Inc. provides turnkey intelligent energy storage and management solutions for homes and small businesses. The company offers PowerPod2, a smart home battery backup system. Its solutions enable cities, municipalities, and utilities to provide constituents with a path to sustainable and resilient sources of energy. The company was founded in 2014 and is based in West Palm Beach, Florida.

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.