Novonix Financials

Novonix Stock Summary

Novonix competes with FREYR Battery, NVent Electric, Hubbell, Advanced Energy, and Vertiv Holdings. 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 OTC Exchange in the United States.

Novonix Key Financial Ratios

There are many critical financial ratios that Novonix's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Novonix reports annually and quarterly.

Novonix Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Novonix's current stock value. Our valuation model uses many indicators to compare Novonix value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Novonix competition to find correlations between indicators driving Novonix's intrinsic value. More Info.Novonix is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Novonix's earnings, one of the primary drivers of an investment's value.

Novonix Systematic Risk

Along with financial statement analysis, the daily predictive indicators of Novonix help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Novonix. We use our internally-developed statistical techniques to arrive at the intrinsic value of Novonix based on widely used predictive technical indicators. In general, we focus on analyzing Novonix Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Novonix's daily price indicators and compare them against related drivers.

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.