Novonix Ltd Adr Stock Price on November 22, 2024
| NVX Stock | USD 1.65 0.01 0.61% |
If you're considering investing in Novonix Stock, it is important to understand the factors that can impact its price. As of today, the current price of Novonix stands at 1.65, as last reported on the 22nd of December, with the highest price reaching 1.74 and the lowest price hitting 1.59 during the day. Novonix appears to be very risky, given 3 months investment horizon. Novonix Ltd ADR has Sharpe Ratio of 0.0647, which conveys that the firm had a 0.0647% return per unit of risk over the last 3 months. By analyzing Novonix's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please exercise Novonix's Mean Deviation of 4.92, downside deviation of 5.56, and Risk Adjusted Performance of 0.0568 to check out if our risk estimates are consistent with your expectations.
At this time, Novonix's Common Stock is fairly stable compared to the past year. Other Stockholder Equity is likely to rise to about 100.9 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 109 M in 2024. . At this time, Novonix's Price Book Value Ratio is fairly stable compared to the past year. Price To Book Ratio is likely to rise to 1.40 in 2024, whereas Price To Sales Ratio is likely to drop 19.13 in 2024. Novonix Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Novonix |
Sharpe Ratio = 0.0647
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 8.12 actual daily | 72 72% of assets are less volatile |
Expected Return
| 0.52 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 5 95% of assets perform better |
Based on monthly moving average Novonix is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Novonix by adding it to a well-diversified portfolio.
Price Book 1.4911 | Enterprise Value Ebitda (4.72) | Price Sales 34.0761 | Shares Float 371.1 M | Wall Street Target Price 3.3 |
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Novonix Valuation on November 22, 2024
It is possible to determine the worth of Novonix on a given historical date. On November 22, 2024 Novonix was worth 1.91 at the beginning of the trading date compared to the closed value of 1.93. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Novonix stock. Still, in general, we apply an absolute valuation method to find Novonix's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Novonix where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Novonix's related companies.
| Open | High | Low | Close | Volume | |
| 1.94 | 1.95 | 1.90 | 1.92 | 21,873 | |
11/22/2024 | 1.91 | 1.97 | 1.91 | 1.93 | 39,752 |
| 2.42 | 2.73 | 2.38 | 2.69 | 819,131 |
| Backtest Novonix | | | Novonix History | | | Novonix Valuation | Previous | Next |
Novonix Trading Date Momentum on November 22, 2024
| On November 25 2024 Novonix Ltd ADR was traded for 2.69 at the closing time. Highest Novonix's price during the trading hours was 2.73 and the lowest price during the day was 2.38 . The net volume was 819.1 K. The overall trading history on the 25th of November contributed to the next trading period price jump. The trading delta at closing time to the next next day price was 39.38% . The trading delta at closing time to current price is 1.04% . |
Novonix Ltd ADR Fundamentals Correlations and Trends
By evaluating Novonix's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Novonix's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Novonix financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Novonix Stock history
Novonix investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Novonix is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Novonix Ltd ADR will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Novonix stock prices may prove useful in developing a viable investing in Novonix
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 487.5 M | 278.7 M | |
| Net Loss | -64.3 M | -61.1 M |
Novonix Quarterly Net Working Capital |
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Novonix Stock Technical Analysis
Novonix technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Novonix Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
Novonix Ltd ADR cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Novonix December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Novonix stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novonix shares will generate the highest return on investment. By undertsting and applying Novonix stock market strength indicators, traders can identify Novonix Ltd ADR entry and exit signals to maximize returns
Novonix Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Novonix's price direction in advance. Along with the technical and fundamental analysis of Novonix Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Novonix to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0568 | |||
| Jensen Alpha | 0.417 | |||
| Total Risk Alpha | 0.25 | |||
| Sortino Ratio | 0.0815 | |||
| Treynor Ratio | 0.1798 |
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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.