NOVONIX (NASDAQ:NVX) Shares Gap Up - What's Next?

Key Points

• NOVONIX Limited's stock opened significantly higher, jumping from a previous close of $2.94 to $3.27 before trading at $3.12 with a volume of over 9 million shares.
• Market analysts have mixed ratings for NOVONIX, with Weiss Ratings maintaining a "sell" rating while Wall Street Zen upgraded it to a "hold," contributing to a consensus rating of "Sell."
• The company's financials show a 50-day moving average price of $1.40 and a 200-day moving average of $1.26, indicating a recent upward trend in stock performance.

NOVONIX Limited Sponsored ADR (NASDAQ:NVX - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $2.94, but opened at $3.27. NOVONIX shares last traded at $3.12, with a volume of 9,144,503 shares traded.

Analyst Ratings Changes

Several research analysts have issued reports on NVX shares. Weiss Ratings reissued a "sell (e+)" rating on shares of NOVONIX in a research report on Wednesday, October 8th. Wall Street Zen raised NOVONIX to a "hold" rating in a research note on Friday, September 26th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, NOVONIX currently has a consensus rating of "Sell".

NOVONIX Stock Performance

The firm has a 50 day moving average price of $1.40 and a 200 day moving average price of $1.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.93 and a quick ratio of 0.90.

NOVONIX Company Profile

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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