Novonix Ltd Adr Stock Buy Hold or Sell Recommendation
| NVX Stock | USD 1.93 0.01 0.52% |
Considering the 90-day investment horizon and your slightly conservative level of risk, our recommendation regarding Novonix Ltd ADR is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Novonix Ltd ADR given historical horizon and risk tolerance towards Novonix. When Macroaxis issues a 'buy' or 'sell' recommendation for Novonix Ltd ADR, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Novonix Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Novonix and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Novonix Ltd ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Novonix |
Execute Novonix Buy or Sell Advice
The Novonix recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Novonix Ltd ADR. Macroaxis does not own or have any residual interests in Novonix Ltd ADR or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Novonix's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Modest | Details | |
Volatility | Unstable | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Novonix Trading Alerts and Improvement Suggestions
| Novonix Ltd ADR had very high historical volatility over the last 90 days | |
| 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 (46.25 M) with profit before taxes, overhead, and interest of 2.77 M. | |
| Novonix Ltd ADR has about 207.08 M in cash with (36.23 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 fool.com.au: This ASX tech stock is down 93 percent from its highs. Could Trump tariffs give it a boost |
Novonix Returns Distribution Density
The distribution of Novonix's historical returns is an attempt to chart the uncertainty of Novonix's future price movements. The chart of the probability distribution of Novonix daily returns describes the distribution of returns around its average expected value. We use Novonix Ltd ADR price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Novonix returns is essential to provide solid investment advice for Novonix.
| Mean Return | 0.31 | Value At Risk | -6.31 | Potential Upside | 12.07 | Standard Deviation | 5.77 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Novonix historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Novonix Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument, such as Novonix, soars without any apparent reason? This usually happens because many institutional investors are aggressively trading Novonix Ltd ADR back and forth among themselves.
| Shares | Td Waterhouse Canada Inc | 2024-06-30 | 2 K | Rise Advisors, Llc | 2024-09-30 | 456 | Dinuzzo Private Wealth Inc | 2024-09-30 | 250 | Ubs Group Ag | 2024-06-30 | 170 | Rhumbline Advisers | 2024-06-30 | 102 | Principal Securities Inc | 2024-09-30 | 100.0 | Simplex Trading, Llc | 2024-06-30 | 78.0 | Susquehanna International Group, Llp | 2024-06-30 | 0.0 | Savvy Advisors Inc | 2024-06-30 | 0.0 | Millennium Management Llc | 2024-06-30 | 668 K | Goldman Sachs Group Inc | 2024-06-30 | 271.4 K |
Novonix Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 4.0M | 22.5M | 73.5M | 44.7M | (20.3M) | (19.3M) | |
| Free Cash Flow | 2.7M | (1.5M) | (113.0M) | (25.8M) | (55.4M) | (52.7M) | |
| Depreciation | 1.4M | 1.7M | 4.2M | 4.0M | 4.7M | 3.6M | |
| Other Non Cash Items | 20.0M | 18.1M | (173.0K) | (164.2K) | 983.8K | 934.6K | |
| Capital Expenditures | 1.3M | 3.7M | 19.7M | 83.8M | 19.2M | 21.9M | |
| Net Income | (20.0M) | (18.1M) | (71.4M) | (49.1M) | (46.2M) | (48.6M) | |
| End Period Cash Flow | 268.6K | 4.2M | 26.7M | 102.7M | 78.7M | 66.4M | |
| Investments | (5.5M) | (26.4M) | (106.8M) | (17.6M) | (11.7M) | (12.3M) | |
| Net Borrowings | 16.9M | (534.7K) | 3.8M | 44.6M | 51.3M | 53.9M | |
| Change To Netincome | 11.0M | 13.3M | 9.1M | 23.7M | 27.3M | 28.6M |
Novonix Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Novonix or Machinery sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Novonix's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Novonix stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.03 | |
β | Beta against Dow Jones | 2.66 | |
σ | Overall volatility | 5.83 | |
Ir | Information ratio | 0.03 |
Novonix Volatility Alert
Novonix Ltd ADR shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Novonix's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Novonix's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Novonix Fundamentals Vs Peers
Comparing Novonix's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Novonix's direct or indirect competition across all of the common fundamentals between Novonix and the related equities. This way, we can detect undervalued stocks with similar characteristics as Novonix or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Novonix's fundamental indicators could also be used in its relative valuation, which is a method of valuing Novonix by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Novonix to competition |
| Fundamentals | Novonix | Peer Average |
| Return On Equity | -0.26 | -0.31 |
| Return On Asset | -0.12 | -0.14 |
| Operating Margin | (10.92) % | (5.51) % |
| Current Valuation | 262.46 M | 16.62 B |
| Shares Outstanding | 123.44 M | 571.82 M |
| Shares Owned By Institutions | 0.81 % | 39.21 % |
| Number Of Shares Shorted | 120.58 K | 4.71 M |
| Price To Earning | 5.23 X | 28.72 X |
| Price To Book | 1.50 X | 9.51 X |
| Price To Sales | 34.60 X | 11.42 X |
| Revenue | 8.05 M | 9.43 B |
| Gross Profit | 2.77 M | 27.38 B |
| EBITDA | (38.86 M) | 3.9 B |
| Net Income | (46.25 M) | 570.98 M |
| Cash And Equivalents | 207.08 M | 2.7 B |
| Cash Per Share | 1.71 X | 5.01 X |
| Total Debt | 68.22 M | 5.32 B |
| Debt To Equity | 0.17 % | 48.70 % |
| Current Ratio | 20.56 X | 2.16 X |
| Book Value Per Share | 0.32 X | 1.93 K |
| Cash Flow From Operations | (36.23 M) | 971.22 M |
| Short Ratio | 2.08 X | 4.00 X |
| Earnings Per Share | (0.38) X | 3.12 X |
| Target Price | 3.31 | |
| Beta | 1.55 | -0.15 |
| Market Capitalization | 237.86 M | 19.03 B |
| Total Asset | 263.34 M | 29.47 B |
| Retained Earnings | (184.85 M) | 9.33 B |
| Working Capital | 81.31 M | 1.48 B |
| Net Asset | 263.34 M |
Note: Disposition of tradable shares by Bank Of America Corp de of Novonix at 12.43 subject to Rule 16b-3 [view details]
Novonix Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Novonix . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 1210.72 | |||
| Daily Balance Of Power | 0.1667 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 1.94 | |||
| Day Typical Price | 1.94 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | 0.01 |
About Novonix Buy or Sell Advice
When is the right time to buy or sell Novonix Ltd ADR? Buying financial instruments such as Novonix Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Novonix in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Video Games Thematic Idea Now
Video Games
Companies that are involved in the building and marketing of video games or gaming software. The Video Games theme has 24 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Video Games Theme or any other thematic opportunities.
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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.