NOVONIX's (NVX) Sell (E+) Rating Reiterated at Weiss Ratings

Key Points

• NOVONIX's stock has been given a "sell (e+)" rating by Weiss Ratings, indicating weak performance expectations.
• In contrast, Wall Street Zen recently upgraded NOVONIX to a "hold" rating, highlighting some mixed analyst opinions on the stock.
• The company's stock price opened at $1.91, with a fifty-two week range of $0.81 to $3.86, indicating significant volatility in its recent performance.

NOVONIX (NASDAQ:NVX - Get Free Report)'s stock had its "sell (e+)" rating reissued by equities research analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of 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 data from MarketBeat.com, the company currently has a consensus rating of "Sell".

NOVONIX Price Performance

NOVONIX stock opened at $1.91 on Friday. NOVONIX has a fifty-two week low of $0.81 and a fifty-two week high of $3.86. The firm's 50-day simple moving average is $1.58 and its 200 day simple moving average is $1.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.90 and a current ratio of 0.93.

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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