Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
The closing price of Novonix Limited ADR (NASDAQ: NVX) was $1.51 for the day, down -3.82% from the previous closing price of $1.57. In other words, the price has decreased by -$3.82 from its previous closing price. On the day, 2.9 million shares were traded. NVX stock price reached its highest trading level at $1.6196 during the session, while it also had its lowest trading level at $1.51.
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 317115808 and an Enterprise Value of 1007643136. For the stock, the TTM Price-to-Sale (P/S) ratio is 53.57 while its Price-to-Book (P/B) ratio in mrq is 1.72. Its current Enterprise Value per Revenue stands at 169.882 whereas that against EBITDA is -21.46.
Stock Price History:
The Beta on a monthly basis for NVX is 2.62, which has changed by -0.116959035 over the last 52 weeks, in comparison to a change of 0.19736934 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 -6.76%, while the 200-Day Moving Average is calculated to be 12.83%.
Shares Statistics:
NVX traded an average of 2.78M shares per day over the past three months and 4832740 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 1760486400 were 3485213 with a Short Ratio of 1.25, compared to 1757894400 on 279711. Therefore, it implies a Short% of Shares Outstanding of 3485213 and a Short% of Float of 1.9299999.
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.
