Novanta (NASDAQ:NOVT) & Electriq Power (NYSE:ELIQ) Financial Analysis

Electriq Power (NYSE:ELIQ) and Novanta (NASDAQ:NOVT) are both oils/energy companies, but which is the better business? We will compare the two businesses based on the strength of their valuation, risk, earnings, profitability, institutional ownership, dividends and analyst recommendations.

Earnings & Valuation

This table compares Electriq Power and Novanta’s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Electriq Power	$1.66 million	0.23	$10.44 million	N/A	N/A
Novanta	$893.45 million	6.45	$72.88 million	$1.93	83.16

Novanta has higher revenue and earnings than Electriq Power.

Analyst Ratings

This is a summary of current ratings for Electriq Power and Novanta, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Electriq Power	0	0	0	0	N/A
Novanta	0	0	0	0	N/A

Profitability

This table compares Electriq Power and Novanta’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%
Novanta	7.76%	16.58%	8.60%

Insider and Institutional Ownership

7.6% of Electriq Power shares are held by institutional investors. Comparatively, 98.3% of Novanta shares are held by institutional investors. 38.4% of Electriq Power shares are held by company insiders. Comparatively, 1.2% of Novanta shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Volatility and Risk

Electriq Power has a beta of -0.06, meaning that its share price is 106% less volatile than the S&P 500. Comparatively, Novanta has a beta of 1.34, meaning that its share price is 34% more volatile than the S&P 500.

Summary

Novanta beats Electriq Power on 8 of the 9 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 Novanta

Novanta Inc., together with its subsidiaries, provides precision medicine and manufacturing, medical solutions, and robotics and automation solutions in the United States and internationally. The company operates through three segments: Precision Medicine and Manufacturing, Medical Solutions, and Robotics and Automation. The Precision Medicine and Manufacturing segment offers photonics-based solutions, including laser scanning, beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products serving photonics-based applications for industrial processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. The Medical Solutions segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; wireless technologies, video recorders, and video integration technologies for operating room integrations; optical data collection and machine vision technologies; radio frequency identification technologies; thermal chart recorders; spectrometry technologies; and embedded touch screen solutions. The Robotics and Automation segment offers optical and inductive encoders, precision motors, servo drives and motion control solutions, integrated stepper motors, intelligent robotic end-of-arm technology solutions, air bearings, and air bearing spindles. The company sells its products through its direct sales force and distributors under the Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, General Scanning, ATI Industrial Automation, Celera Motion, IMS, MicroE, Applimotion, Zettlex, Ingenia, and Westwind brands. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was incorporated in 1968 and is headquartered in Bedford, Massachusetts.