Is Novonix Stock a Good Investment?
Novonix Investment Advice | NVX |
- Examine Novonix's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Novonix's leadership team and their track record. Good management can help Novonix navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Industrial Machinery & Supplies & Components space and any emerging trends that could impact Novonix's business and its evolving consumer preferences.
- Compare Novonix's performance and market position to its competitors. Analyze how Novonix is positioned in terms of product offerings, innovation, and market share.
- Check if Novonix pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Novonix's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Novonix Ltd ADR stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if Novonix Ltd ADR is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Dangerous | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Above Average | Details | |
Economic Sensitivity | Moves totally opposite to the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine Novonix Stock
Researching Novonix's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). The company has price-to-book ratio of 1.46. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Novonix Ltd ADR recorded a loss per share of 0.6. The entity last dividend was issued on the March 11, 2015.
To determine if Novonix is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Novonix's research are outlined below:
| Novonix Ltd ADR generated a negative expected return over the last 90 days | |
| Novonix Ltd ADR may become a speculative penny stock | |
| Novonix Ltd ADR has high historical volatility and very poor performance | |
| Novonix Ltd ADR has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the last year's revenue of 5.85 M. Reported Net Loss for the year was (74.82 M) with profit before taxes, overhead, and interest of 4.08 M. | |
| Novonix Ltd ADR has about 207.08 M in cash with (40.42 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.71, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from thelincolnianonline.com: NOVONIX Limited Insider Sells A66,150.00 in Stock |
Novonix Quarterly Good Will |
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Novonix uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Novonix Ltd ADR. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Novonix's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 4th of October 2023 Upcoming Quarterly Report | View | |
| 30th of June 2023 Next Fiscal Quarter End | View | |
| 4th of October 2023 Next Fiscal Year End | View | |
| 31st of March 2023 Last Quarter Report | View | |
| 30th of June 2022 Last Financial Announcement | View |
Know Novonix's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Novonix is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Novonix Ltd ADR backward and forwards among themselves. Novonix's institutional investor refers to the entity that pools money to purchase Novonix's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Td Waterhouse Canada Inc | 2024-12-31 | 2 K | Royal Bank Of Canada | 2024-12-31 | 730 | Tortoise Investment Management, Llc | 2024-12-31 | 250 | Dinuzzo Private Wealth Inc | 2024-12-31 | 250 | Rhumbline Advisers | 2024-12-31 | 102 | Principal Securities Inc | 2024-12-31 | 100.0 | Jane Street Group Llc | 2024-12-31 | 0.0 | Simplex Trading, Llc | 2024-12-31 | 0.0 | Citadel Advisors Llc | 2024-09-30 | 0.0 | Millennium Management Llc | 2024-12-31 | 639.1 K | Ubs Group Ag | 2024-12-31 | 126.2 K |
Novonix's market capitalization trends
The company currently falls under 'Small-Cap' category with a total capitalization of 193.99 M.Market Cap |
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Novonix's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.35) | (0.33) | |
| Return On Capital Employed | (0.20) | (0.21) | |
| Return On Assets | (0.33) | (0.35) | |
| Return On Equity | (0.54) | (0.57) |
Determining Novonix's profitability involves analyzing its financial statements and using various financial metrics to determine if Novonix is a good buy. For example, gross profit margin measures Novonix's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Novonix's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Novonix's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Novonix Ltd ADR. Check Novonix's Beneish M Score to see the likelihood of Novonix's management manipulating its earnings.
Evaluate Novonix's management efficiency
Novonix Ltd ADR has Return on Asset of (0.139) % which means that on every $100 spent on assets, it lost $0.139. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.4654) %, meaning that it generated no profit with money invested by stockholders. Novonix's management efficiency ratios could be used to measure how well Novonix manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to rise to -0.33 in 2025. Return On Capital Employed is likely to drop to -0.21 in 2025. At this time, Novonix's Non Current Assets Total are fairly stable compared to the past year. Total Current Assets is likely to rise to about 63.2 M in 2025, whereas Total Assets are likely to drop slightly above 146.1 M in 2025.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.29 | 0.16 | |
| Tangible Book Value Per Share | 0.26 | 0.28 | |
| Enterprise Value Over EBITDA | (3.69) | (3.87) | |
| Price Book Value Ratio | 1.58 | 1.66 | |
| Enterprise Value Multiple | (3.69) | (3.87) | |
| Price Fair Value | 1.58 | 1.66 | |
| Enterprise Value | 245.6 M | 289.5 M |
The leadership approach at Novonix's fosters a culture of excellence and accountability. Our analysis examines how this culture influences financial outcomes and stock valuation.
Beta 1.312 |
Basic technical analysis of Novonix Stock
As of the 23rd of March, Novonix secures the Standard Deviation of 4.48, mean deviation of 3.54, and Risk Adjusted Performance of (0.05). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Novonix Ltd ADR, as well as the relationship between them.Novonix's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Novonix insiders, such as employees or executives, is commonly permitted as long as it does not rely on Novonix's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Novonix insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Bank Of America Corp /de/ over three weeks ago Discretionary transaction by Bank Of America Corp de of tradable shares of Novonix subject to Rule 16b-3 | ||
Bank Of America Corp /de/ over six months ago Disposition of tradable shares by Bank Of America Corp de of Novonix at 12.43 subject to Rule 16b-3 |
Novonix's Outstanding Corporate Bonds
Novonix issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Novonix Ltd ADR uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Novonix bonds can be classified according to their maturity, which is the date when Novonix Ltd ADR has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Understand Novonix's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Novonix's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (0.27) | |||
| Mean Deviation | 3.54 | |||
| Coefficient Of Variation | (1,645) | |||
| Standard Deviation | 4.48 | |||
| Variance | 20.11 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | 0.058 | |||
| Treynor Ratio | (0.28) | |||
| Maximum Drawdown | 19.62 | |||
| Value At Risk | (7.59) | |||
| Potential Upside | 6.16 | |||
| Skewness | 0.1434 | |||
| Kurtosis | 0.3099 |
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (0.27) | |||
| Mean Deviation | 3.54 | |||
| Coefficient Of Variation | (1,645) | |||
| Standard Deviation | 4.48 | |||
| Variance | 20.11 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | 0.058 | |||
| Treynor Ratio | (0.28) | |||
| Maximum Drawdown | 19.62 | |||
| Value At Risk | (7.59) | |||
| Potential Upside | 6.16 | |||
| Skewness | 0.1434 | |||
| Kurtosis | 0.3099 |
Consider Novonix's intraday indicators
Novonix intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Novonix stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Novonix time-series forecasting models is one of many Novonix's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Novonix's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.
Novonix Stock media impact
Far too much social signal, news, headlines, and media speculation about Novonix that are available to investors today. That information is available publicly through Novonix media outlets and privately through word of mouth or via Novonix internal channels. However, regardless of the origin, that massive amount of Novonix data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Novonix news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Novonix relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Novonix's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Novonix alpha.
Novonix Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Novonix can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Novonix Corporate Management
| BBus CA | Financial Sec | Profile | |
| Darcy Macdougald | Pres Solutions | Profile | |
| Nicholas Liveris | Chief Officer | Profile | |
| Rashda Buttar | Chief Officer | Profile | |
| J York | Sr Devel | Profile | |
| Robert Long | Chief Officer | Profile |
Additional Tools for Novonix Stock Analysis
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.