NOVONIX (NVX) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $1.59 to $1.74
• 50-Day Range: $1.55 to $2.69
• 52-Week Range: $1.40 to $3.10
• Volume: 187,791 shs
• Average Volume: 80,623 shs
• Market Capitalization: $234.23 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.00
• Consensus Rating: Buy

NOVONIX Stock Analysis - MarketRank™

NOVONIX scored higher than 44% of companies evaluated by MarketBeat, and ranked 442nd out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

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.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

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 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

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

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

NOVONIX does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

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 and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.19

News Sentiment

NOVONIX has a news sentiment score of 0.19. 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 0.64 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 8 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.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

NVX Stock Analysis - Frequently Asked Questions

How have NVX shares performed this year?

NOVONIX's stock was trading at $1.94 at the start of the year. Since then, NVX shares have decreased by 14.9% and is now trading at $1.65.
View the best growth stocks for 2024 here.

Who are NOVONIX's major shareholders?

NOVONIX's top institutional investors include Jane Street Group LLC (0.03%).

How do I buy shares of NOVONIX?

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.

What other stocks do shareholders of NOVONIX own?

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: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Miscellaneous electrical machinery, equipment, & supplies
• Sub-Industry: Electrical Equipment
• Current Symbol: NASDAQ:NVX
• CUSIP: N/A
• CIK: 1859795
• Web: www.novonixgroup.com
• Phone: 61-4-3931-0818
• 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: +142.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: 0.44
• Current Ratio: 6.15
• Quick Ratio: 5.94

Sales & Book Value

• Annual Sales: $6.88 million
• Price / Sales: 34.07
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.50 per share
• Price / Book: 1.10

Miscellaneous

• Outstanding Shares: 141,957,000
• Free Float: 108,313,000
• Market Cap: $234.23 million
• Optionable: Not Optionable
• Beta: 2.96