Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
Novonix Limited ADR (NASDAQ: NVX) closed the day trading at $1.18 down -1.67% from the previous closing price of $1.2. In other words, the price has decreased by -$1.67 from its previous closing price. On the day, 2.62 million shares were traded. NVX stock price reached its highest trading level at $1.2468 during the session, while it also had its lowest trading level at $1.15.
Ratios:
For a better understanding of NVX, let’s 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 253259280 and an Enterprise Value of 797697408. For the stock, the TTM Price-to-Sale (P/S) ratio is 41.86 while its Price-to-Book (P/B) ratio in mrq is 1.35. Its current Enterprise Value per Revenue stands at 134.486 whereas that against EBITDA is -16.989.
Stock Price History:
The Beta on a monthly basis for NVX is 2.65, which has changed by -0.4684685 over the last 52 weeks, in comparison to a change of 0.12121439 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 -26.35%, while the 200-Day Moving Average is calculated to be -11.16%.
Shares Statistics:
Over the past 3-months, NVX traded about 2.99M shares per day on average, while over the past 10 days, NVX traded about 4001370 shares per day. 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 1.16, 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.
