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Home โบ Stocks โบ Novonix Limited ADR (NVX) Stock Forecast & Price Prediction Australia | NASDAQ | Industrials | Electrical Equipment & Parts
$1.26
+0.03 (2.44%)10 Quality Stocks Worth Considering Now
Researching NOVONIX (NVX) after the drop? Our ex-Goldman Sachs analyst reveals if it made our list of 10 oversold quality stocks with strong growth potential.
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Based on our analysis of 2 Wall Street analysts, NVX has a bullish consensus with a median price target of $3.30 (ranging from $2.60 to $4.00). Currently trading at $1.26, the median forecast implies a 161.9% upside. This outlook is supported by 1 Buy, 0 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Brian Dobson at Chardan Capital, projecting a 217.5% upside.
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 | $0.00 |
The following stocks are similar to NOVONIX based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Novonix Limited ADR has a market capitalization of $203.61M with a P/E ratio of -2.1x. The company generates $5.85M in trailing twelve-month revenue with a 69.8% profit margin.
Revenue growth is -24.7% quarter-over-quarter, while maintaining an operating margin of -786.4% and return on equity of -46.5%.
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Develops advanced battery technology and materials.
Novonix generates revenue by creating and supplying advanced materials for lithium-ion batteries, catering to industries such as electric vehicles, grid energy storage, and consumer electronics. The company facilitates U.S. investment in its Australian operations through its ADR structure, allowing for easier access to its shares on domestic exchanges.
With a strong focus on innovation, Novonix plays a crucial role in enhancing battery efficiency and longevity. The company's contributions are particularly relevant in the context of the growing electric vehicle market and the global push towards decarbonization and sustainable energy solutions.
Industrials
Electrical Equipment & Parts
0
Mr. Robert B. Long
Australia
2022
NOVONIX Limited (NASDAQ: NVX) will hold its Q1 2025 Earnings Conference Call on April 30, 2025, at 9:00 AM ET, with Interim CEO & CFO Robert Long participating.
NOVONIX's Q1 2025 earnings call signals upcoming financial performance insights, crucial for assessing its growth trajectory and investment potential.
NOVONIX Limited (NASDAQ: NVX, ASX: NVX) has secured a definitive agreement to acquire 182 acres in Chattanooga, Tennessee, following local government approvals.
NOVONIX's land acquisition signals expansion potential, strengthening its position in the battery materials sector, which may enhance growth prospects and attract investment interest.
China's flake graphite prices decreased slightly last month amid a global market slump. Northern Graphite's plant in France and Talga's refinery in Sweden received strategic status from the EU.
Declining graphite prices and inventory gluts signal potential oversupply risks. Strategic investments in European projects may reshape the market landscape and affect competition.
NOVONIX Limited (NASDAQ: NVX, ASX: NVX) appointed Michael O'Kronley as CEO, effective May 19, 2025.
The appointment of a new CEO can signify strategic shifts and impact company direction, potentially affecting stock performance and investor confidence in NOVONIX.
NOVONIX Limited (NASDAQ: NVX, ASX: NVX) secured approval for a 182-acre site purchase in Chattanooga for a new production plant at $4.6 million, with potential $54 million in tax benefits over 15 years, pending final approval.
NOVONIX's approval for a new production plant boosts growth potential and operational capacity, while significant tax benefits enhance financial outlook, potentially increasing investor confidence and stock value.
NOVONIX (NASDAQ: NVX, ASX: NVX) supports the ITC's preliminary finding that China's cheap graphite exports harm the U.S. industry. The company seeks import tariffs to address this issue.
The ITC's preliminary determination could lead to tariffs on Chinese graphite, potentially benefiting NOVONIX by reducing competition and increasing prices for domestic producers.
Based on our analysis of 2 Wall Street analysts, Novonix Limited ADR (NVX) has a median price target of $3.30. The highest price target is $4.00 and the lowest is $2.60.
According to current analyst ratings, NVX has 1 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $1.26. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict NVX stock could reach $3.30 in the next 12 months. This represents a 161.9% increase from the current price of $1.26. Please note that this is a projection by Wall Street analysts and not a guarantee.
Novonix generates revenue by creating and supplying advanced materials for lithium-ion batteries, catering to industries such as electric vehicles, grid energy storage, and consumer electronics. The company facilitates U.S. investment in its Australian operations through its ADR structure, allowing for easier access to its shares on domestic exchanges.
The highest price target for NVX is $4.00 from Brian Dobson at Chardan Capital, which represents a 217.5% increase from the current price of $1.26.
The lowest price target for NVX is $2.60 from at , which represents a 106.3% increase from the current price of $1.26.
The overall analyst consensus for NVX is bullish. Out of 2 Wall Street analysts, 1 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $3.30.
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.