NOVONIX (NASDAQ:NVX) Given Sell (E+) Rating at Weiss Ratings

Key Points

• NOVONIX (NASDAQ: NVX) has been restated with a "sell (e+)" rating by Weiss Ratings, indicating caution for potential investors.
• In contrast, Wall Street Zen has upgraded NOVONIX to a "hold" rating, suggesting a more neutral position.
• The company's shares opened at $1.93, with a 52-week trading range of $0.81 to $2.73, highlighting significant volatility in its stock price.

NOVONIX (NASDAQ:NVX - Get Free Report)'s stock had its "sell (e+)" rating restated by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised NOVONIX to a "hold" rating in a research report on Friday, September 26th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Sell".

NOVONIX Stock Performance

NASDAQ NVX opened at $1.93 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.93 and a quick ratio of 0.90. The business's 50 day moving average price is $1.35 and its 200-day moving average price is $1.24. NOVONIX has a fifty-two week low of $0.81 and a fifty-two week high of $2.73.

About NOVONIX

NOVONIX Limited provides battery materials and development technology for battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers in North America, Asia, Australia, and Europe. It operates through Battery Materials and Battery Technology segments.

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