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NASDAQ:NVX

NOVONIX (NVX) Stock Price, News & Analysis

NOVONIX logo
$1.77 +0.07 (+4.12%)
(As of 01:00 PM ET)

About NOVONIX Stock (NASDAQ:NVX)

Key Stats

Today's Range
$1.70
$1.79
50-Day Range
$1.55
$2.69
52-Week Range
$1.40
$3.10
Volume
62,669 shs
Average Volume
80,794 shs
Market Capitalization
$251.26 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.00
Consensus Rating
Buy

Company Overview

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. The Battery Materials segment develops and manufactures battery anode materials. The Battery Technology segment develops battery cell testing equipment, performs consulting services, and carries out research and development in battery development. The company is involved in the investment and real estate borrowing activities; and offers battery technology, battery testing hardware equipment, and battery testing and development consulting services. The company was formerly known as Graphitecorp Limited and changed its name to NOVONIX Limited in July 2017. NOVONIX Limited was incorporated in 2012 and is based in Brisbane, Australia.

NOVONIX Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
45th Percentile Overall Score

NVX MarketRank™: 

NOVONIX scored higher than 45% of companies evaluated by MarketBeat, and ranked 441st out of 656 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    NOVONIX has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    NOVONIX has received no research coverage in the past 90 days.

  • Read more about NOVONIX's stock forecast and price target.
  • Earnings Growth

    Earnings for NOVONIX are expected to decrease in the coming year, from ($0.41) to ($0.48) per share.

  • Price to Book Value per Share Ratio

    NOVONIX has a P/B Ratio of 1.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    0.17% of the outstanding shares of NOVONIX have been sold short.
  • Short Interest Ratio / Days to Cover

    NOVONIX has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in NOVONIX has recently increased by 211.11%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    NOVONIX does not currently pay a dividend.

  • Dividend Growth

    NOVONIX does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    0.17% of the outstanding shares of NOVONIX have been sold short.
  • Short Interest Ratio / Days to Cover

    NOVONIX has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in NOVONIX has recently increased by 211.11%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    NOVONIX has a news sentiment score of 0.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for NOVONIX this week, compared to 1 article on an average week.
  • MarketBeat Follows

    2 people have added NOVONIX to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, NOVONIX insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    23.70% of the stock of NOVONIX is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 0.06% of the stock of NOVONIX is held by institutions.

  • Read more about NOVONIX's insider trading history.
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NVX Stock News Headlines

Novonix shares update on graphite trade case
No one’s talking about these Trump trades
As you likely know, the “Trump bump” launched stocks to record highs after he secured his second reelection bid. Now, Trump and his team are coming to gut government regulation – and it’s going to create some incredible market opportunities. But while the masses chase large-cap tech and so-called AI stocks, a small circle of traders are using a strange but tactical method to find a pool of “hidden Trump trades.”
Stocks to Watch: Novonix, Mitek Systems, EVgo
Australian Graphite Maker Jumps on $755 Million Loan From US
See More Headlines

NVX Stock Analysis - Frequently Asked Questions

NOVONIX's stock was trading at $1.94 at the start of the year. Since then, NVX stock has decreased by 8.8% and is now trading at $1.77.
View the best growth stocks for 2024 here
.

Top institutional investors of NOVONIX include Jane Street Group LLC (0.03%).

Shares of NVX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that NOVONIX investors own include NVIDIA (NVDA), CrowdStrike (CRWD), Meta Platforms (META), Broadcom (AVGO), Arista Networks (ANET), Adobe (ADBE) and Advanced Micro Devices (AMD).

Company Calendar

Today
12/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous electrical machinery, equipment, & supplies
Sub-Industry
Electrical Equipment
Current Symbol
NASDAQ:NVX
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$4.00
High Stock Price Target
$4.00
Low Stock Price Target
$4.00
Potential Upside/Downside
+135.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$6.88 million
Book Value
$1.50 per share

Miscellaneous

Free Float
108,313,000
Market Cap
$241.33 million
Optionable
Not Optionable
Beta
2.96

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This page (NASDAQ:NVX) was last updated on 12/24/2024 by MarketBeat.com Staff
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