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After finishing at $2.05 in the prior trading day, Novonix Limited ADR (NASDAQ: NVX) closed at $1.93, down -5.61%. In other words, the price has decreased by -$5.61 from its previous closing price. On the day, 3.66 million shares were traded. NVX stock price reached its highest trading level at $2.0899 during the session, while it also had its lowest trading level at $1.83.
Ratios:
Our goal is to gain a better understanding of NVX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 0.93. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.31.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of. The stock’s future direction. In the most recent recommendation for this company, Chardan Capital Markets on May 30, 2024, initiated with a Buy rating and assigned the stock a target price of $4.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NVX now has a Market Capitalization of 331662304 and an Enterprise Value of 1278027904. For the stock, the TTM Price-to-Sale (P/S) ratio is 55.28 while its Price-to-Book (P/B) ratio in mrq is 2.21. Its current Enterprise Value per Revenue stands at 215.467 whereas that against EBITDA is -27.219.
Stock Price History:
The Beta on a monthly basis for NVX is 2.55, which has changed by -0.19375002 over the last 52 weeks, in comparison to a change of 0.16845357 over the same period for the S&P500. Over the past 52 weeks, NVX has reached a high of $2.73, while it has fallen to a 52-week low of $0.81. The 50-Day Moving Average of the stock is 44.32%, while the 200-Day Moving Average is calculated to be 47.07%.
Shares Statistics:
The stock has traded on average 437.83K shares per day over the past 3-months and 1856860 shares per day over the last 10 days, according to various share statistics. A total of 159.05M shares are outstanding, with a floating share count of 122.15M. Shares short for NVX as of 1757894400 were 279711 with a Short Ratio of 0.64, compared to 1755216000 on 404209. Therefore, it implies a Short% of Shares Outstanding of 279711 and a Short% of Float of 0.2.
Revenue Estimates
A total of 2 analysts have provided revenue estimates for NVX’s current fiscal year. The highest revenue estimate was $14.93M, while the lowest revenue estimate was $9.13M, resulting in an average revenue estimate of $12.03M. In the same quarter a year ago, actual revenue was $9.43MBased on 1 analysts’ estimates, the company’s revenue will be $226.86M in the next fiscal year. The high estimate is $226.86M and the low estimate is $226.86M.
