At the time of writing, Novonix Limited ADR [NVX] stock is trading at $1.26, down -1.56%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NVX shares have lost -5.97% over the last week, with a monthly amount drifted -9.35%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Novonix Limited ADR fluctuated between $0.81 and $2.73. Novonix Limited ADR [NASDAQ: NVX] shares were valued at $1.26 at the most recent close of the market.
Analyzing the NVX fundamentals
According to Novonix Limited ADR [NASDAQ:NVX], the company’s sales were 5.92M for trailing twelve months, which represents an 2.90% jump. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at -8.8%, Pretax Profit Margin comes in at -12.76%, and Net Profit Margin reading is -12.78%. To continue investigating profitability, this company’s Return on Assets is posted at -0.33, Equity is -0.51 and Total Capital is -0.29. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.51.
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 1.2300 points at the first support level, and at 1.2000 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.3000, and for the 2nd resistance point, it is at 1.3400.
Ratios To Look Out For
It is important to note that Novonix Limited ADR [NASDAQ:NVX] has a current ratio of 0.93. Also, the Quick Ratio is 0.90, while the Cash Ratio stands at 0.92. Considering the valuation of this stock, the price to sales ratio is 35.61, the price to book ratio is 1.44.
