NOVONIX Ltd Sponsored ADR (NVX)
NASDAQ:NVX
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NOVONIX Ltd Sponsored ADR
(NASDAQ:NVX)
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Rating:41Neutral
Price Target:
$0.53
▼(-66.37% Downside)
Action:Reiterated
Date:06/18/26
The score is primarily weighed down by weak financial performance—severe losses, deeply negative margins, and accelerating cash burn—despite strong recent revenue growth. Technicals add further pressure as the stock trades below key moving averages with negative MACD. Valuation provides limited support because negative earnings make the P/E less informative and there is no dividend yield provided.
Positive Factors
Customer qualification progress with Panasonic
Advancing to a late-stage C-sample with Panasonic materially reduces commercialization risk versus early testing. If Panasonic completes qualification and awards offtake, NOVONIX gains a durable revenue anchor and validation for its U.S. synthetic-graphite product offering, supporting multi-year production scaling and customer trust.
Negative Factors
Severely negative margins and widening losses
Extremely negative gross and net margins indicate the core materials business currently produces costs far above revenue, eroding unit economics. Persistent deep losses impede internal reinvestment, dilute equity, and mean long-term viability depends on sustained margin improvement through scale, pricing power, or cost transformation.
Read all positive and negative factors
Positive Factors
Negative Factors
Customer qualification progress with Panasonic
Advancing to a late-stage C-sample with Panasonic materially reduces commercialization risk versus early testing. If Panasonic completes qualification and awards offtake, NOVONIX gains a durable revenue anchor and validation for its U.S. synthetic-graphite product offering, supporting multi-year production scaling and customer trust.
Read all positive factors
NOVONIX Ltd Sponsored ADR (NVX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$108.77M
Dividend YieldN/A
Average Volume (3M)4.38M
Price to Earnings (P/E)―
Beta (1Y)1.06
Revenue Growth-3.74%
EPS Growth9.32%
CountryUS
Employees210
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.73
Shares Outstanding215,556,950
10 Day Avg. Volume12,149,374
30 Day Avg. Volume4,376,663
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)1.10
Price to Sales (P/S)30.62
P/FCF Ratio-1.68
Enterprise Value/Market Cap1.30
Enterprise Value/Revenue24.26
Enterprise Value/Gross Profit-14.93
Enterprise Value/Ebitda-2.13
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.24
Revenue Forecast (FY)$147.40M
NOVONIX Ltd Sponsored ADR Business Overview & Revenue Model
Company Description
Novonix Limited (NVX) is a Brisbane, Australia-headquartered firm, established in 2012 (and known as Graphitecorp Limited until its rebranding in July 2017). The company is a key provider of battery materials, specialized equipment, and ancillary ...
How the Company Makes Money
NOVONIX makes money primarily through (1) sales of battery anode materials and (2) fees from battery testing/technology services. In its materials business, the company generates revenue by manufacturing and selling synthetic graphite (and related...
NOVONIX Ltd Sponsored ADR Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
44
Neutral
Cash Flow
16
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.84M | 5.62M | 5.85M | 8.05M | 3.75M | 6.10M |
| Gross Profit | -9.49M | -24.36M | 4.08M | 5.24M | 2.78M | 4.38M |
| EBITDA | -66.41M | -77.13M | -66.61M | -38.86M | -36.08M | -46.18M |
| Net Income | -74.63M | -92.79M | -74.82M | -46.25M | -38.63M | -51.86M |
Balance Sheet | ||||||
| Total Assets | 226.10M | 282.83M | 226.10M | 263.34M | 277.42M | 302.98M |
| Cash, Cash Equivalents and Short-Term Investments | 42.56M | 84.12M | 42.56M | 78.63M | 99.04M | 142.74M |
| Total Debt | 70.42M | 99.27M | 70.42M | 68.22M | 40.37M | 41.41M |
| Total Liabilities | 88.51M | 125.73M | 88.51M | 79.41M | 51.37M | 51.85M |
| Stockholders Equity | 137.59M | 157.10M | 137.59M | 183.94M | 151.39M | 251.13M |
Cash Flow | ||||||
| Free Cash Flow | -55.32M | -102.45M | -70.32M | -55.42M | -29.65M | -113.02M |
| Operating Cash Flow | -40.26M | -42.23M | -40.42M | -36.23M | -13.08M | -29.23M |
| Investing Cash Flow | -22.97M | -32.88M | -18.17M | -11.74M | -16.33M | -106.80M |
| Financing Cash Flow | 24.64M | 109.98M | 25.21M | 29.31M | -539.22K | 180.69M |
NOVONIX Ltd Sponsored ADR Technical Analysis
Negative
1.57
Price Trends
0.69
Negative
0.77
Negative
1.07
Negative
Market Momentum
-0.02
Positive
34.95
Neutral
35.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NVX, the sentiment is Negative. The current price of 1.57 is above the 20-day moving average (MA) of 0.66, above the 50-day MA of 0.69, and above the 200-day MA of 1.07, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 34.95 is Neutral, neither overbought nor oversold. The STOCH value of 35.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NVX.
NOVONIX Ltd Sponsored ADR Risk Analysis
NOVONIX Ltd Sponsored ADR disclosed 1 risk factors in its most recent earnings report. NOVONIX Ltd Sponsored ADR reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
NOVONIX Ltd Sponsored ADR Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | $1.63B | -5.85 | -31.69% | ― | 29.71% | 11.38% | |
52 Neutral | $1.54B | -8.97 | -67.92% | ― | 49.88% | 27.54% | |
44 Neutral | $3.98B | -2.36 | -139.28% | ― | 15.19% | 42.87% | |
43 Neutral | $19.78M | -1.08 | 209.00% | ― | ― | 72.29% | |
41 Neutral | $108.77M | -0.91 | -62.92% | ― | -3.74% | 9.32% | |
40 Underperform | $23.27M | -0.38 | -926.77% | ― | -73.24% | 53.32% |
* Industrials Sector Average
NVX
NOVONIX Ltd Sponsored ADR
0.53
-0.53
-50.00%
FCEL
Fuelcell Energy
24.04
18.08
303.36%
PLUG
Plug Power
2.85
1.74
156.76%
GWH
ESS Tech
0.79
-0.28
-26.07%
ENVX
Enovix
7.08
-1.15
-13.97%
SDST
Stardust Power
1.87
0.06
3.31%
NOVONIX Ltd Sponsored ADR Corporate Events
NOVONIX Ships First North American Mass-Production Anode Material Sample to Panasonic
Jun 11, 2026
On June 11, 2026, NOVONIX announced it had delivered a mass production qualification C-sample of its North American-made synthetic graphite anode active material to lead customer Panasonic Energy. This represents the first known C-sample of its ty...
NOVONIX Sharpened U.S. Synthetic Graphite Focus and Timelines at April 15, 2026 AGM
Apr 15, 2026
NOVONIX Limited used its April 15, 2026 Annual General Meeting in Brisbane to highlight a year of operational progress and strategic refocusing amid volatile global markets in 2025. The company reported delivery of its first mass-production, comme...
NOVONIX Wins US$103 Million U.S. Tax Credits for Chattanooga Synthetic Graphite Plant
Apr 14, 2026
NOVONIX Limited, a leading battery materials producer specializing in synthetic graphite for anode materials, is building out a North American supply chain from its Chattanooga, Tennessee headquarters to support U.S. energy independence and the br...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.