Novonix Limited ADR [NASDAQ: NVX] stock went on an upward path that rose over 11.89% on Thursday, amounting to a one-week price increase of more than 64.02%.
Over the last 12 months, NVX stock rose by 20.28%. The one-year Novonix Limited ADR stock forecast points to a potential upside of 34.74. The average equity rating for NVX stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $376.02 million, with 159.05 million shares outstanding and 122.15 million shares in the current float. Compared to the average trading volume of 494.60K shares, NVX stock reached a trading volume of 9513742 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Novonix Limited ADR [NVX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NVX shares is $3.31 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NVX stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Chardan Capital Markets have made an estimate for Novonix Limited ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 30, 2024.
The Price to Book ratio for the last quarter was 2.47, with the Price to Cash per share for the same quarter was set at 0.16.
NVX Stock Performance Analysis:
Novonix Limited ADR [NVX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 64.02. With this latest performance, NVX shares gained by 70.47% in over the last four-week period, additionally plugging by 112.25% over the last 6 months – not to mention a rise of 20.28% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NVX stock in for the last two-week period is set at 73.79, with the RSI for the last a single of trading hit 0.2700, and the three-weeks RSI is set at 0.1900 for Novonix Limited ADR [NVX]. The present Moving Average for the last 50 days of trading for this stock 1.3600, while it was recorded at 1.9100 for the last single week of trading, and 1.3200 for the last 200 days.
Insight into Novonix Limited ADR Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Novonix Limited ADR [NVX] shares currently have an operating margin of -830.27% and a Gross Margin at -437.83%. Novonix Limited ADR’s Net Margin is presently recorded at -1116.08%.
Novonix Limited ADR (NVX) Capital Structure & Debt Analysis
According to recent financial data for Novonix Limited ADR. ( NVX), the Return on Equity (ROE) stands at -45.13%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -27.54%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Novonix Limited ADR’s Return on Invested Capital (ROIC) is -36.21%, showcasing its effectiveness in deploying capital for earnings.
Novonix Limited ADR (NVX) Efficiency & Liquidity Metrics
Based on Novonix Limited ADR’s (NVX) latest financial statements, the Debt-to-Equity Ratio is 0.55%, indicating its reliance on debt financing relative to shareholder equity.
Novonix Limited ADR (NVX) Efficiency & Liquidity Metrics
NVX Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NVX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Novonix Limited ADR go to 48.91%.
Novonix Limited ADR [NVX] Institutonal Ownership Details
There are presently around $0.49%, or 0.49%% of NVX stock, in the hands of institutional investors. The top three institutional holders of NVX stocks are: MILLENNIUM MANAGEMENT LLC with ownership of 0.67 million shares, which is approximately 0.5481%. GOLDMAN SACHS GROUP INC, holding 0.27 million shares of the stock with an approximate value of $$0.49 million in NVX stocks shares; and GOLDMAN SACHS GROUP INC, currently with $$0.13 million in NVX stock with ownership which is approximately 0.0597%.
