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 | Unstable | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Moves slightly opposite to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Sell | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Possible Manipulator | 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 1.89. 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 0.3. 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 has high historical volatility and very poor performance | |
| Novonix Ltd ADR may become a speculative penny stock | |
| The company reported the last year's revenue of 8.05 M. Reported Net Loss for the year was (55.73 M) with profit before taxes, overhead, and interest of 2.77 M. | |
| 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. | |
| Novonix Ltd ADR has a frail financial position based on the latest SEC disclosures | |
| Latest headline from finance.yahoo.com: NVX Multiple Agreements to Secure Demand, Funding Tariffs Underscore Expected Benefits of Local Supply |
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 | Dinuzzo Private Wealth Inc | 2024-03-31 | 250 | Rhumbline Advisers | 2024-03-31 | 105 | Principal Securities Inc | 2024-03-31 | 100.0 | Hhm Wealth Advisors, Llc | 2023-12-31 | 0.0 | Morgan Stanley - Brokerage Accounts | 2024-03-31 | 0.0 | Jane Street Group, Llc | 2023-12-31 | 31.4 K | Virtu Financial Llc | 2024-03-31 | 26.6 K | Susquehanna International Group, Llp | 2024-03-31 | 14.8 K | Brookstone Capital Management Llc | 2024-03-31 | 10.5 K | Savvy Advisors Inc | 2023-12-31 | 10.3 K | Ubs Group Ag | 2024-03-31 | 4.6 K |
Novonix's market capitalization trends
The company currently falls under 'Small-Cap' category with a total capitalization of 238.36 M.Market Cap |
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Novonix's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.18) | (0.17) | |
| Return On Capital Employed | (0.16) | (0.17) | |
| Return On Assets | (0.16) | (0.17) | |
| Return On Equity | (0.23) | (0.24) |
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.
The data published in Novonix's official financial statements typically reflect Novonix's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Novonix's quantitative information. For example, before you start analyzing numbers published by Novonix accountants, it’s essential to understand Novonix's liquidity, profitability, and earnings quality within the context of the Machinery space in which it operates.
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 (0.1158) % which means that on every $100 spent on assets, it lost $0.1158. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.2256) %, 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 -0.17 in 2024. Return On Capital Employed is likely to drop to -0.17 in 2024. At this time, Novonix's Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to rise to about 194.7 M in 2024, whereas Intangible Assets are likely to drop slightly above 169.9 K in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 1.36 | 0.72 | |
| Tangible Book Value Per Share | 1.27 | 1.33 | |
| Enterprise Value Over EBITDA | (4.90) | (5.14) | |
| Price Book Value Ratio | 1.48 | 1.40 | |
| Enterprise Value Multiple | (4.90) | (5.14) | |
| Price Fair Value | 1.48 | 1.40 | |
| Enterprise Value | 204.4 M | 194.2 M |
The analysis of Novonix's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Novonix's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Novonix Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 1.649 |
Basic technical analysis of Novonix Stock
As of the 7th of June, Novonix secures the Standard Deviation of 5.44, risk adjusted performance of (0.02), and Mean Deviation of 3.99. 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.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 | (0.02) | |||
| Market Risk Adjusted Performance | 0.3632 | |||
| Mean Deviation | 3.99 | |||
| Coefficient Of Variation | (2,213) | |||
| Standard Deviation | 5.44 | |||
| Variance | 29.56 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | 0.3532 | |||
| Maximum Drawdown | 29.71 | |||
| Value At Risk | (8.39) | |||
| Potential Upside | 9.31 | |||
| Skewness | 0.8964 | |||
| Kurtosis | 1.84 |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | 0.3632 | |||
| Mean Deviation | 3.99 | |||
| Coefficient Of Variation | (2,213) | |||
| Standard Deviation | 5.44 | |||
| Variance | 29.56 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | 0.3532 | |||
| Maximum Drawdown | 29.71 | |||
| Value At Risk | (8.39) | |||
| Potential Upside | 9.31 | |||
| Skewness | 0.8964 | |||
| Kurtosis | 1.84 |
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.
| Accumulation Distribution | 0.0359 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 1.92 | |||
| Day Typical Price | 1.9 | |||
| Market Facilitation Index | 0.07 | |||
| Price Action Indicator | (0.04) |
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 | |
| John Burns | 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.