The trading price of Novonix Limited ADR (NASDAQ:NVX) closed higher on Friday, May 23, and closing at $1.31, 2.34% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $2.73 and a 52-week low of $0.81. Over the past month, the stock has gained 11.02% in value.
Novonix Limited ADR, whose market valuation is $208.32 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of -0.13 for current year and -0.1 for next year.
From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 9.26M.
On the technical side, indicators suggest NVX has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that NVX’s price is currently 3.42% off the SMA20 and 11.53% off the SMA50. The RSI metric on the 14-day chart is currently showing 53.78, and weekly volatility stands at 11.15%. When measured over the past 30 days, the indicator reaches 5.73%. Novonix Limited ADR (NASDAQ:NVX)’s beta value is currently sitting at 2.75, while the Average True Range indicator is currently displaying 0.10.
To see how Novonix Limited ADR stock has been performing in comparison to its peers in the industry, here are the numbers: NVX stock’s performance was 2.34% in the latest trading, and -42.04% in the past year.
An evaluation of the daily trading volume of Novonix Limited ADR (NASDAQ:NVX) indicates that the 3-month average is 95.85K.
Currently, records show that 141.99 million of the company’s shares remain outstanding. The institutions hold 0.42%. However, since the stock’s price has seen -27.22% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
