Novonix Ltd Adr Stock Today

NVX Stock  USD 2.01  0.13  6.07%   

Performance

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Odds Of Distress

Less than 16

 
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Novonix is trading at 2.01 as of the 29th of May 2024; that is -6.07 percent down since the beginning of the trading day. The stock's open price was 2.14. Novonix has less than a 16 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Novonix Ltd ADR are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of April 2024 and ending today, the 29th of May 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
2nd of February 2022
Category
Industrials
Novonix Limited develops and supplies battery materials, equipment, and services to the lithium-ion battery market in North America. Novonix Limited was incorporated in 2012 and is based in Brisbane, Australia. Novonix is traded on NASDAQ Exchange in the United States. The company has 122.24 M outstanding shares of which 22.02 K shares are now shorted by investors with about 1.34 days to cover. More on Novonix Ltd ADR

Moving against Novonix Stock

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Novonix Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Novonix's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Novonix or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Novonix's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Novonix's managers, analysts, and investors.
Environmental
Governance
Social
President MaterialsDanny Deas
Thematic IdeaElectrical Equipment (View all Themes)
Business ConcentrationIndustrial Machinery & Supplies & Components, Electrical Equipment & Parts, Industrials, NASDAQ Composite, Australia All Ordinaries, Electrical Equipment, Industrials, Machinery, Electrical Equipment & Parts, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Novonix report their recommendations after researching Novonix's financial statements, talking to executives and customers, or listening in on Novonix's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Novonix Ltd ADR. The Novonix consensus assessment is calculated by taking the average forecast from all of the analysts covering Novonix.
Financial Strength
Based on the key measurements obtained from Novonix's financial statements, Novonix Ltd ADR may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Novonix Ltd ADR is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.03920.0352
Moderately Up
Slightly volatile
Gross Profit Margin0.470.59
Significantly Down
Slightly volatile
Total Current Liabilities10.2 M9.7 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total51.8 M49.3 M
Sufficiently Up
Slightly volatile
Total Assets335 M319 M
Sufficiently Up
Slightly volatile
Total Current Assets140.2 M133.6 M
Sufficiently Up
Slightly volatile
Novonix's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Novonix's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Novonix's financial leverage. It provides some insight into what part of Novonix's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Novonix's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Novonix deploys its capital and how much of that capital is borrowed.
Liquidity
Novonix cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 41.34 M in debt with debt to equity (D/E) ratio of 0.17, which may show that the company is not taking advantage of profits from borrowing. Novonix Ltd ADR has a current ratio of 20.15, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Novonix until it has trouble settling it off, either with new capital or with free cash flow. So, Novonix's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Novonix Ltd ADR sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Novonix to invest in growth at high rates of return. When we think about Novonix's use of debt, we should always consider it together with cash and equity.

Total Cash From Financing Activities

218.18 Million
Novonix Ltd ADR (NVX) is traded on NASDAQ Exchange in USA. It is located in 46 Edward Street, Brisbane, QLD, Australia, 4000 and employs 9 people. Novonix is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 261.59 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Novonix's market, we take the total number of its shares issued and multiply it by Novonix's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Novonix Ltd ADR runs under Machinery sector within Industrials industry. The entity has 122.24 M outstanding shares of which 22.02 K shares are now shorted by investors with about 1.34 days to cover. Novonix Ltd ADR has about 207.08 M in cash with (29.23 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.71.
Check Novonix Probability Of Bankruptcy
Ownership Allocation
Novonix Ltd ADR holds a total of 122.24 Million outstanding shares. Roughly 100.0 % of Novonix outstanding shares are held by general public with 0.1 % by institutional investors. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Novonix Ownership Details

Novonix Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Novonix that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Novonix's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Novonix's value.
InstituionRecorded OnShares
Dinuzzo Private Wealth Inc2024-03-31
250
Rhumbline Advisers2023-12-31
105
Principal Securities Inc2023-12-31
100.0
Hhm Wealth Advisors, Llc2023-12-31
0.0
Jane Street Group, Llc2023-12-31
31.4 K
Virtu Financial Llc2024-03-31
26.6 K
Brookstone Capital Management Llc2023-12-31
10.5 K
Savvy Advisors Inc2023-12-31
10.3 K
Wells Fargo & Co2023-12-31
3.5 K
Morgan Stanley - Brokerage Accounts2023-12-31
2.8 K
Td Waterhouse Canada Inc2023-12-31
K
View Novonix Diagnostics

Novonix Historical Income Statement

Novonix Ltd ADR Income Statement is one of the three primary financial statements used for reporting Novonix's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Novonix Ltd ADR revenue and expense. Novonix Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Novonix's Selling General Administrative is fairly stable compared to the past year. Selling And Marketing Expenses is likely to rise to about 2.5 M in 2024, despite the fact that Depreciation And Amortization is likely to grow to (3.6 M). View More Fundamentals

Novonix Stock Against Markets

Picking the right benchmark for Novonix stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Novonix stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Novonix is critical whether you are bullish or bearish towards Novonix Ltd ADR at a given time. Please also check how Novonix's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Novonix without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Novonix Corporate Management

Elected by the shareholders, the Novonix's board of directors comprises two types of representatives: Novonix inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Novonix. The board's role is to monitor Novonix's management team and ensure that shareholders' interests are well served. Novonix's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Novonix's outside directors are responsible for providing unbiased perspectives on the board's policies.
BBus CAFinancial SecProfile
Darcy MacdougaldPres SolutionsProfile
Nicholas LiverisChief OfficerProfile
Rashda ButtarChief OfficerProfile
J YorkSr DevelProfile
John BurnsChief OfficerProfile

How to buy Novonix Stock?

Before investing in Novonix, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Novonix. To buy Novonix stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Novonix. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Novonix stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Novonix Ltd ADR stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Novonix Ltd ADR stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Novonix Ltd ADR, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Novonix Stock please use our How to Invest in Novonix guide.

Already Invested in Novonix Ltd ADR?

The danger of trading Novonix Ltd ADR is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Novonix is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Novonix. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Novonix Ltd ADR is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Novonix Ltd ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Novonix's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Novonix Ltd Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Novonix Ltd Adr Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novonix Ltd ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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When running Novonix's price analysis, check to measure Novonix's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Novonix is operating at the current time. Most of Novonix's value examination focuses on studying past and present price action to predict the probability of Novonix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novonix's price. Additionally, you may evaluate how the addition of Novonix to your portfolios can decrease your overall portfolio volatility.
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Is Novonix's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Novonix. If investors know Novonix will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Novonix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.33)
Revenue Per Share
0.068
Quarterly Revenue Growth
0.233
Return On Assets
(0.12)
Return On Equity
(0.23)
The market value of Novonix Ltd ADR is measured differently than its book value, which is the value of Novonix that is recorded on the company's balance sheet. Investors also form their own opinion of Novonix's value that differs from its market value or its book value, called intrinsic value, which is Novonix's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Novonix's market value can be influenced by many factors that don't directly affect Novonix's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Novonix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Novonix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Novonix's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.