Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant gain of 38.66% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 22.27%. Over the past 30 days, the price of NVX has fallen by 31.86%. And in the last five days, it has surged by 27.49%.
Novonix Limited ADR experienced a rather steady stock market performance. The highest value in the past year was recorded at $3.10 on 04/11/24 and the lowest value was $1.40 on 02/02/24.
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52-week price history of NVX Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Novonix Limited ADR’s current trading price is -13.23% away from its 52-week high, while its distance from the 52-week low is 92.14%. The stock’s price range during this period has varied between$1.40 and $3.10. The Novonix Limited ADR’s shares, which operate in the Industrials, saw a trading volume of around 0.79 million for the day, a figure considerably higher than their average daily volume of 48420.0 over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Novonix Limited ADR (NVX) has experienced a quarterly rise of 71.34% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 332.05M.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.8100, with a change in price of +0.8400. Similarly, Novonix Limited ADR recorded 49,301 in trading volume during the last 100 days, posting a change of +45.41%.
NVX’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for NVX stands at 0.50. Similarly, the long-term debt-to-equity ratio is also 0.48.
NVX Stock Stochastic Average
As of today, Novonix Limited ADR’s raw stochastic average for the last 50 days stands at 96.95%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 96.19%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 58.84% and 50.21%, respectively.
