Electrovaya (ELVA) vs Enovix (ENVX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Electrovaya (ELVA) has outperformed Enovix (ENVX) over the past year, losing 11.6% versus a loss of 80.3%. Over five years, ELVA leads with a +6.2% price change compared with -88.0% for ENVX. Enovix is the larger company by market cap ($548.6 million vs $286.6 million), about 1.9 times the size.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ELVA | ENVX |
|---|---|---|
| Share price | $5.79 | $2.50 |
| Market cap | $286.65M | $548.62M |
| 1-day change | -9.11% | -1.96% |
| YTD return | -26.71% | -65.80% |
| 1-year return | -11.60% | -80.25% |
| 5-year return | +6.24% | -88.03% |
| P/E ratio (TTM) | 57.90 | — |
| Forward P/E | 21.13 | — |
| EPS (TTM) | $0.10 | $-0.80 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $12.78 | $14.21 |
| 52-week low | $4.10 | $2.45 |
| Distance from 52-week high | -54.69% | -82.41% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +152.16% | +354.00% |
| Average volume | 1.03M | 7.14M |
| Shares outstanding | 49.51M | 219.45M |
| Employees | — | 664 |
| Sector | Miscellaneous | Miscellaneous |
| Industry | Industrial Machinery/Components | Industrial Machinery/Components |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- ELVA has outperformed ENVX by 68.6 percentage points over the past year.
About Electrovaya
ELVA stock →Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America.
Miscellaneous · Industrial Machinery/Components
About Enovix
ENVX stock →Enovix Corporation designs, develops, and manufactures lithium-ion battery cells in the United States and internationally. It serves wearables and IoT, smartphone, computing, electrical vehicles, and original equipment manufacturers.
Miscellaneous · Industrial Machinery/Components · 664 employees
ELVA vs ENVX FAQ
Which is bigger, Electrovaya or Enovix?
Enovix (ENVX) is larger, with a market capitalization of $548.62M compared with $286.65M for Electrovaya (ELVA).
Which stock has performed better over the past year, ELVA or ENVX?
ELVA returned -11.60% over the past 12 months, compared with -80.25% for ENVX (price return, excluding dividends). Past performance does not predict future results.
Are Electrovaya and Enovix in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Miscellaneous sector.