Novonix Ltd Adr Stock Analysis

Novonix Stock Analysis Notes

The company has price-to-book ratio of 1.6. 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 0.35. The entity last dividend was issued on the March 11, 2015. 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 NASDAQ Exchange in the United States. To find out more about Novonix Ltd ADR contact the company at 61 4 3931 0818 or learn more at https://www.novonixgroup.com.

Novonix Ltd ADR Investment Alerts

Novonix Ltd ADR Upcoming and Recent Events

Novonix Thematic Classifications

Novonix Stock Institutional Investors

Note, although Novonix's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Novonix Market Capitalization

The company currently falls under 'Small-Cap' category with a total capitalization of 277.01 M.

Novonix Profitablity

Management Efficiency

Novonix Ltd ADR has Return on Asset of (0.1222) % which means that on every $100 spent on assets, it lost $0.1222. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.2603) %, 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 -0.2 in 2025. Return On Capital Employed is likely to drop to -0.21 in 2025. 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 210.3 M in 2025, whereas Other Assets are likely to drop 0.74 in 2025.

Technical Drivers

As of the 21st of January, Novonix secures the Risk Adjusted Performance of (0.0004), standard deviation of 7.37, and Mean Deviation of 4.26. 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 Ltd ADR Price Movement Analysis

Novonix Ltd ADR Insider Trading Activities

Novonix Outstanding Bonds

Novonix Predictive Daily Indicators

Novonix Forecast Models

Novonix's time-series forecasting models are one of many Novonix's stock analysis techniques aimed at predicting 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.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Novonix prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Novonix shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Novonix. By using and applying Novonix Stock analysis, traders can create a robust methodology for identifying Novonix entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Novonix analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Novonix analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Novonix Ltd ADR stock analysis indicators help investors 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 understating and applying Novonix stock analysis, traders can identify Novonix position entry and exit signals to maximize returns.

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.