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The closing price of Novonix Limited ADR (NASDAQ: NVX) was $2.49 for the day, down -10.59% from the previous closing price of $2.79. In other words, the price has decreased by -$10.59 from its previous closing price. On the day, 11.42 million shares were traded. NVX stock price reached its highest trading level at $2.79 during the session, while it also had its lowest trading level at $2.32.
Ratios:
Our analysis of NVX’s different ratios will help us gain a deeper understanding of the company. 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 554572736 and an Enterprise Value of 1631118464. For the stock, the TTM Price-to-Sale (P/S) ratio is 83.28 while its Price-to-Book (P/B) ratio in mrq is 2.84. Its current Enterprise Value per Revenue stands at 274.996 whereas that against EBITDA is -34.739.
Stock Price History:
The Beta on a monthly basis for NVX is 2.36, which has changed by 0.42091835 over the last 52 weeks, in comparison to a change of 0.14201736 over the same period for the S&P500. Over the past 52 weeks, NVX has reached a high of $3.86, while it has fallen to a 52-week low of $0.81. The 50-Day Moving Average of the stock is 67.84%, while the 200-Day Moving Average is calculated to be 85.96%.
Shares Statistics:
NVX traded an average of 1.70M shares per day over the past three months and 9462790 shares per day over the past ten days. A total of 159.05M shares are outstanding, with a floating share count of 122.15M. Shares short for NVX as of 1759190400 were 474124 with a Short Ratio of 0.28, compared to 1756425600 on 254060. Therefore, it implies a Short% of Shares Outstanding of 474124 and a Short% of Float of 0.33999999999999997.
Earnings Estimates
Analysts are recommending an EPS of between -$0.35 and -$0.35 for the fiscal current year, implying an average EPS of -$0.35.
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.
