A share price of Novonix Limited ADR [NVX] is currently trading at $1.67, up 6.37%. An important factor to consider is whether the stock is rising or falling in short-term value. The NVX shares have gain 3.73% over the last week, with a monthly amount drifted -15.66%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Novonix Limited ADR [NASDAQ: NVX] stock has seen the most recent analyst activity on May 30, 2024, when Chardan Capital Markets initiated its Buy rating and assigned the stock a price target of $4.
Novonix Limited ADR experienced fluctuations in its stock price throughout the past year between $1.40 and $3.10. Novonix Limited ADR [NASDAQ: NVX] shares were valued at $1.67 at the most recent close of the market.
Analyzing the NVX fundamentals
Trailing Twelve Months sales for Novonix Limited ADR [NASDAQ:NVX] were 6.91M which represents -29.59% decline. Gross Profit Margin for this corporation currently stands at -2.18% with Operating Profit Margin at -6.82%, Pretax Profit Margin comes in at -6.92%, and Net Profit Margin reading is -6.9%. To continue investigating profitability, this company’s Return on Assets is posted at -0.31, Equity is -0.54 and Total Capital is -0.32. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.41.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.5667 points at the first support level, and at 1.4633 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8267, and for the 2nd resistance point, it is at 1.9833.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Novonix Limited ADR [NASDAQ:NVX] is 6.15. On the other hand, the Quick Ratio is 5.94, and the Cash Ratio is 5.01. Considering the valuation of this stock, the price to sales ratio is 34.32, the price to book ratio is 1.33.
