NOVONIX Sees Unusually Large Options Volume (NASDAQ:NVX)

Key Points

• NOVONIX experienced a significant increase in options trading, with 2,116 call options traded, a rise of approximately 583% compared to the average daily volume.
• The company's stock price rose 20.6% to $2.33, with a trading volume significantly above its average.
• Analysts have mixed views on NOVONIX, with Wall Street Zen upgrading the stock to a "hold" rating, while Weiss Ratings maintains a "sell" rating.

NOVONIX Limited Sponsored ADR (NASDAQ:NVX - Get Free Report) saw unusually large options trading on Thursday. Stock traders acquired 2,116 call options on the company. This represents an increase of approximately 583% compared to the average daily volume of 310 call options.

NOVONIX Trading Up 20.6%

Shares of NASDAQ:NVX traded up $0.40 during trading on Thursday, hitting $2.33. The company had a trading volume of 3,869,116 shares, compared to its average volume of 255,795. NOVONIX has a one year low of $0.81 and a one year high of $2.73. The company has a fifty day simple moving average of $1.35 and a two-hundred day simple moving average of $1.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.93 and a quick ratio of 0.90.

Analyst Upgrades and Downgrades

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

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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