Does Novonix Limited ADR (NASDAQ: NVX) Still Need To Convince Analysts?

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Novonix Limited ADR (NASDAQ:NVX) traded at $1.44 at close of the session on current trade day and made an upward move of 2.86% on its previous day’s price.

Looking at the stock we see that its previous close was $1.40 and the beta (5Y monthly) reads 1.442 with the day’s price range being $1.4 – $1.475. In terms of its 52-week price range, NVX has a high of $3.10 and a low of $1.37. The company’s stock has lost about -20.44% over that past 30 days.

Novonix Limited ADR has a market cap of $228.74 million and is expected to release its quarterly earnings report in March.

According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 14.23M, or 14.68% up from figures reported last year.

On the other hand, looking at the outlook for the NVX stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.

Looking further, we note the current price level is -4.70% off its SMA20 and -13.33% from its 50-day simple moving average. The RSI (14) is pointing at 41.57 while the volatility over the past week is 3.93% and jumps to 5.39% over the past one month. The beta value is 2.91, while the average true range (ATR) is currently pointing at 0.10.

Coming back to Novonix Limited ADR (NASDAQ:NVX), we note that the average 3-month trading volume was 218.36K, while that of the preceding 10-day period stands at 0.18 million. Current shares outstanding are 122.25 million.

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