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Home โบ Stocks โบ NOVONIX Limited ADR (NVX) Stock Forecast & Price Prediction Australia | NASDAQ | Industrials | Electrical Equipment & Parts
$0.69
+0.01 (1.47%)Did NVX Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if NOVONIX is one of their latest high-conviction picks.
NVX has shown a year-to-date change of -31.7% and a 1-year change of -39.5%, reflecting downward momentum over the past year. Comprehensive analyst forecasts are currently unavailable for NVX. Please refer to the price chart above for recent performance and trends.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for NVX.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| May 30, 2024 | Chardan Capital | Brian Dobson | Buy | Initiates | $4.00 |
| Aug 15, 2016 | Stifel | Sell | Downgrade | $N/A |
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NOVONIX Limited ADR has a market capitalization of $148.73M with a P/E ratio of -1.2x. The company generates $5.62M in trailing twelve-month revenue with a 55.5% profit margin.
Revenue growth is -10.1% quarter-over-quarter, while maintaining an operating margin of -920.6% and return on equity of -62.0%.
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Advanced battery materials and technology production.
NOVONIX generates revenue by producing and supplying advanced battery-grade synthetic graphite and innovative battery solutions to the electric vehicle and energy storage industries. The company collaborates with manufacturers to meet the rising demand for efficient and sustainable energy storage solutions.
As the leading producer of battery-grade synthetic graphite in North America, NOVONIX is positioned to capitalize on the growing market for electrified transportation and cleaner energy technologies, supporting the global transition towards sustainability.
Industrials
Electrical Equipment & Parts
192
Mr. Michael O'Kronley
Australia
2022
NOVONIX Limited (NASDAQ: NVX, ASX: NVX) announced the delivery of a mass production qualification sample of synthetic graphite anode material to Panasonic Energy.
The delivery of a mass production sample to Panasonic signals a significant step for NOVONIX in securing contracts and revenue, enhancing investor confidence in its growth potential.
NOVONIX Limited has completed the sale of its NOVONIX Battery Technology Solutions business in Nova Scotia to former CEO Dr. Chris Burns.
The sale of NOVONIX's battery technology unit could signal a strategic shift, impacting future growth and profitability, which may affect stock performance and investor sentiment.
NOVONIX Limited (NVX) held a shareholder and analyst call, discussing company performance, strategies, and future outlook. Specific details from the call are key for investor insights.
The NOVONIX shareholder/analyst call provides insights into company performance, future strategies, and market outlook, which can influence stock valuation and investment decisions.
NOVONIX Limited (NASDAQ: NVX, ASX: NVX) has delivered its first mass production sample of synthetic graphite to a major North American carbon processor, expanding its market presence.
NOVONIX's delivery of commercial-grade synthetic graphite signals increased demand and potential revenue growth, enhancing its market position in the battery materials sector.
NOVONIX Limited has entered a Funding Agreement with Yorkville Advisors, securing up to $95 million in exchange for up to $100 million in unsecured convertible debentures.
NOVONIX's funding agreement signals strong financial backing, enhancing liquidity and growth potential, which could boost investor confidence and stock performance.
NOVONIX Limited (NASDAQ: NVX, ASX: NVX) announced the U.S. Department of Commerce's preliminary decision to impose a 93.5% antidumping tariff on anode active material imports from China.
The 93.5% antidumping tariffs on Chinese anode materials could significantly increase NOVONIX's competitive advantage and market share in the battery materials sector, impacting stock performance.
Based on our analysis of 2 Wall Street analysts, NOVONIX Limited ADR (NVX) has a median price target of $3.00. The highest price target is $3.00 and the lowest is $3.00.
Analyst ratings for NVX are not currently available. The stock is currently trading at $0.69. Investment decisions should be based on thorough research and your personal financial goals. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict NVX stock could reach $3.00 in the next 12 months. This represents a 334.8% increase from the current price of $0.69. Please note that this is a projection by Wall Street analysts and not a guarantee.
NOVONIX generates revenue by producing and supplying advanced battery-grade synthetic graphite and innovative battery solutions to the electric vehicle and energy storage industries. The company collaborates with manufacturers to meet the rising demand for efficient and sustainable energy storage solutions.
The highest price target for NVX is $3.00 from at , which represents a 334.8% increase from the current price of $0.69.
The lowest price target for NVX is $3.00 from at , which represents a 334.8% increase from the current price of $0.69.
Analyst ratings for NVX are not currently available. The stock is trading at $0.69.
Stock price projections, including those for NOVONIX Limited ADR, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.