Check out these key findings about Novonix Limited ADR (NVX)

With 0.42 million shares changed hands, the volume of the stock remained heavier than its average volume of 60940.0 shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $2.07 whereas the lowest price it dropped to was $1.9601. The 52-week range on NVX shows that it touched its highest point at $3.10 and its lowest point at $1.40 during that stretch. It currently has a 1-year price target of $5.65. Beta for the stock currently stands at 3.19.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NVX was down-trending over the past week, with a drop of -3.41%, but this was down by -5.71% over a month. Three-month performance surged to 26.92% while six-month performance fell -7.48%. The stock gained 1.02% in the past year, while it has gained 2.06% so far this year. A look at the trailing 12-month EPS for NVX yields -0.38 with Next year EPS estimates of 0.14.

Float and Shares Shorts:

At present, 122.18 million NVX shares are outstanding with a float of 122.15 million shares on hand for trading. On 2024-11-15, short shares totaled 78301.0, which was 5.9999997 higher than short shares on 1728950400. In addition to Dr. John Christopher Burns as the firm’s Chief Executive Officer, Ms. Rashda M. Buttar serves as its Chief Legal & Administrative Officer.

Institutional Ownership:

Through their ownership of 0.00806 of NVX’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

In the same way, a target price assigned to a stock can also reveal much about its potential. With NVX analysts setting a high price target of 4.01 and a low target of 2.6, the average target price over the next 12 months is 3.305. Based on these targets, NVX could surge 102.53% to reach the target high and rise by 31.31% to reach the target low. Reaching the average price target will result in a growth of 66.92% from current levels.

Analysts have provided yearly estimates in a range of -$0.72074 being high and -$0.75906 being low. For NVX, this leads to a yearly average estimate of -$0.7399. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.