Head to Head Analysis: Foxx Development (FOXX) vs. The Competition

Foxx Development (NASDAQ:FOXX) is one of 82 public companies in the “Technology Hardware, Storage & Peripherals” industry, but how does it compare to its peers? We will compare Foxx Development to similar businesses based on the strength of its institutional ownership, risk, earnings, valuation, dividends, analyst recommendations and profitability.

Profitability

This table compares Foxx Development and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Foxx Development	-100.20%	N/A	-74.38%
Foxx Development Competitors	-92.29%	-31.01%	7.88%

Volatility & Risk

Foxx Development has a beta of -0.26, suggesting that its share price is 126% less volatile than the S&P 500. Comparatively, Foxx Development’s peers have a beta of 1.75, suggesting that their average share price is 75% more volatile than the S&P 500.

Institutional & Insider Ownership

60.4% of Foxx Development shares are owned by institutional investors. Comparatively, 51.6% of shares of all “Technology Hardware, Storage & Peripherals” companies are owned by institutional investors. 31.6% of Foxx Development shares are owned by insiders. Comparatively, 11.0% of shares of all “Technology Hardware, Storage & Peripherals” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Analyst Ratings

This is a breakdown of current ratings for Foxx Development and its peers, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Foxx Development	1	0	0	0	1.00
Foxx Development Competitors	1115	4396	7811	380	2.54

As a group, “Technology Hardware, Storage & Peripherals” companies have a potential upside of 78.32%. Given Foxx Development’s peers stronger consensus rating and higher probable upside, analysts clearly believe Foxx Development has less favorable growth aspects than its peers.

Earnings & Valuation

This table compares Foxx Development and its peers top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Foxx Development	$52.58 million	-$52.69 million	-0.21
Foxx Development Competitors	$25.41 billion	$3.72 billion	3.92

Foxx Development’s peers have higher revenue and earnings than Foxx Development. Foxx Development is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Summary

Foxx Development peers beat Foxx Development on 10 of the 13 factors compared.

Foxx Development Company Profile

Foxx Development Holdings Inc. is a consumer electronics and integrated Internet-of-Things solution company catering to both retail and institutional clients. The company currently sells a diverse range of products including mobile phones, tablets and other consumer electronics devices principally in United State and is in the process of developing and distributing end-to-end communication terminals and IoT solutions. Foxx Development Holdings Inc., formerly known as Acri Capital Acquisition Corporation, is based in Austin, TX.