The stock has a 36-month beta value of 2.98. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NVX is 122.15M, and at present, short sellers hold a 0.20% of that float. On December 17, 2024, the average trading volume of NVX was 100.88K shares.
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NVX) stock’s latest price update
The stock price of Novonix Limited ADR (NASDAQ: NVX) has surged by 3.17 when compared to previous closing price of 1.55, but the company has seen a -4.53% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-16 that Figure 1 Site Rendering of NOVONIX’s New Facility BRISBANE, Australia, Dec. 17, 2024 (GLOBE NEWSWIRE) — NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or “the Company”), a leading battery materials and technology company, announced today a conditional commitment to NOVONIX through one if its wholly-owned U.S.-based subsidiaries (“Borrower”), from the U.S. Department of Energy (“DOE”) through the Loan Programs Office (“LPO”) for a direct loan of up to US$754.8 million ($692 million in principal and $62.8 million in capitalized interest) to be applied towards partially financing a proposed new facility in Chattanooga, Tennessee (the “New Facility”). The proposed financing is being offered under the DOE LPO’s Advanced Technology Vehicles Manufacturing (“ATVM”) Loan Program.
NVX’s Market Performance
Novonix Limited ADR (NVX) has experienced a -4.53% fall in stock performance for the past week, with a -20.83% drop in the past month, and a 8.79% rise in the past quarter. The volatility ratio for the week is 4.17%, and the volatility levels for the past 30 days are at 5.17% for NVX. The simple moving average for the last 20 days is -14.01% for NVX stock, with a simple moving average of -20.19% for the last 200 days.
Analysts’ Opinion of NVX
Many brokerage firms have already submitted their reports for NVX stocks, with Chardan Capital Markets repeating the rating for NVX by listing it as a “Buy.” The predicted price for NVX in the upcoming period, according to Chardan Capital Markets is $4 based on the research report published on May 30, 2024 of the current year 2024.
NVX Trading at -18.86% from the 50-Day Moving Average
After a stumble in the market that brought NVX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.41% of loss for the given period.
Volatility was left at 5.17%, however, over the last 30 days, the volatility rate increased by 4.17%, as shares sank -20.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.93% lower at present.
During the last 5 trading sessions, NVX fell by -5.67%, which changed the moving average for the period of 200-days by -31.60% in comparison to the 20-day moving average, which settled at $1.8588. In addition, Novonix Limited ADR saw -17.57% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NVX
Current profitability levels for the company are sitting at:
- -6.82 for the present operating margin
- -2.18 for the gross margin
The net margin for Novonix Limited ADR stands at -6.9. The total capital return value is set at -0.32. Equity return is now at value -26.78, with -18.01 for asset returns.
Based on Novonix Limited ADR (NVX), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at -0.38. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is -15.38.
Currently, EBITDA for the company is -38.86 million with net debt to EBITDA at -0.38. When we switch over and look at the enterprise to sales, we see a ratio of 22.22. The receivables turnover for the company is 4.33for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.15.
Conclusion
To sum up, Novonix Limited ADR (NVX) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.