NOVONIX Limited (NASDAQ:NVX - Get Free Report)'s stock price shot up 2.6% during trading on Thursday . The stock traded as high as $1.67 and last traded at $1.59. 297,563 shares were traded during trading, an increase of 48% from the average session volume of 200,853 shares. The stock had previously closed at $1.55.
NOVONIX Stock Performance
The company has a debt-to-equity ratio of 0.44, a current ratio of 6.15 and a quick ratio of 5.94. The stock's 50-day moving average is $1.70 and its two-hundred day moving average is $1.78.
Hedge Funds Weigh In On NOVONIX
A hedge fund recently raised its stake in NOVONIX stock. Jane Street Group LLC boosted its stake in shares of NOVONIX Limited (NASDAQ:NVX - Free Report) by 103.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,495 shares of the company's stock after buying an additional 17,541 shares during the quarter. Jane Street Group LLC's holdings in NOVONIX were worth $63,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.06% of the company's stock.
About NOVONIX
(
Get Free Report)
NOVONIX Limited provides battery materials and development technology for battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers in North America, Asia, Australia, and Europe. It operates through Battery Materials and Battery Technology segments.
Further Reading
Before you consider NOVONIX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NOVONIX wasn't on the list.
While NOVONIX currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
