Nuvve (NASDAQ:NVVE) vs. Enovix (NASDAQ:ENVX) Head-To-Head Comparison

Enovix (NASDAQ:ENVX) and Nuvve (NASDAQ:NVVE) are both small-cap industrials companies, but which is the superior business? We will contrast the two companies based on the strength of their institutional ownership, risk, dividends, profitability, analyst recommendations, earnings and valuation.

Institutional & Insider Ownership

50.9% of Enovix shares are owned by institutional investors. Comparatively, 19.0% of Nuvve shares are owned by institutional investors. 12.7% of Enovix shares are owned by company insiders. Comparatively, 1.6% of Nuvve shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
Enovix	-473.89%	-64.50%	-19.31%
Nuvve	-552.28%	N/A	-161.20%

Earnings & Valuation

This table compares Enovix and Nuvve”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Enovix	$35.88 million	15.60	-$156.74 million	($0.81)	-3.15
Nuvve	$4.55 million	0.09	-$30.82 million	($330.82)	-0.00

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

Volatility & Risk

Enovix has a beta of 2.49, indicating that its stock price is 149% more volatile than the S&P 500. Comparatively, Nuvve has a beta of 1.71, indicating that its stock price is 71% more volatile than the S&P 500.

Analyst Ratings

This is a breakdown of current recommendations and price targets for Enovix and Nuvve, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Enovix	2	3	6	1	2.50
Nuvve	1	0	0	0	1.00

Enovix presently has a consensus target price of $10.77, indicating a potential upside of 322.46%. Given Enovix’s stronger consensus rating and higher probable upside, equities research analysts clearly believe Enovix is more favorable than Nuvve.

Summary

Enovix beats Nuvve on 12 of the 15 factors compared between the two stocks.

About Enovix

Enovix Corporation designs develops and manufactures silicon-anode 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.

About Nuvve

Nuvve Holding Corp., a green energy technology company, provides commercial vehicle-to-grid (V2G) technology platform in the United States, the United Kingdom, France, and Denmark. The company offers Grid Integrated Vehicle platform, which enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services, as well as allows EV owners to meet the energy demands of individual vehicles and entire fleets. Its V2G technology also links EV batteries into a virtual power plant that sells excess power to utility companies or utilizes saved power to reduce building energy peak consumption. In addition, the company offers networked charging stations, infrastructure, software, professional services, support, monitoring, and parts and labor warranties required to run electric vehicle fleets. It serves its products to owners/operators of light duty fleets, heavy duty fleets, automotive manufacturers, charge point operators, and strategic partners. The company was founded in 2010 and is headquartered in San Diego, California.