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: $1.32 to $1.41
• 50-Day Range: $1.33 to $2.07
• 52-Week Range: $1.32 to $3.10
• Volume: 201,762 shs
• Average Volume: 169,763 shs
• Market Capitalization: $211.27 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 43% of companies evaluated by MarketBeat, and ranked 444th 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.

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: 0.6 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for NOVONIX are expected to decrease in the coming year, from ($0.44) to ($0.52) per share.

Price to Book Value per Share Ratio

NOVONIX has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

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

Percentage of Shares Shorted

0.47% 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 3.5, 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 64.54%, 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

0.47% 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 3.5, 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 64.54%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: 0.00

News Coverage This Week

MarketBeat has tracked 3 news articles for NOVONIX this week, compared to 1 article on an average week.

Search Interest

Only 1 people have searched for NVX on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

2 people have added NOVONIX to their MarketBeat watchlist in the last 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 $1.80 on January 1st, 2025. Since then, NVX shares have decreased by 26.1% and is now trading at $1.33.
View the best growth stocks for 2025 here.

Who are NOVONIX's major shareholders?

NOVONIX's top institutional shareholders include Millennium Management LLC (0.40%), Quinn Opportunity Partners LLC (0.03%), Jackson Hole Capital Partners LLC (0.02%) and Two Sigma Securities LLC (0.01%).

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.

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: 2/22/2025
• Next Earnings (Estimated): 2/28/2025
• Fiscal Year End: 12/31/2025

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: +200.8%
• 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: $8.06 million
• Price / Sales: 26.21
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.50 per share
• Price / Book: 0.89

Miscellaneous

• Outstanding Shares: 158,850,000
• Free Float: 121,202,000
• Market Cap: $211.27 million
• Optionable: Not Optionable
• Beta: 2.90