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NOVONIX Ltd Sponsored ADR (NVX) AI Stock Analysis
NOVONIX Ltd Sponsored ADR
(NASDAQ:NVX)
The stock scores at the absolute bottom of the range due to a confluence of severe fundamental and market risks. The most significant factor is the company's rapidly deteriorating financial performance, marked by deeply negative gross margins and massive cash burn that threaten its viability. This is compounded by a persistent technical downtrend across all timeframes and a negative P/E ratio that underscores the lack of earnings. The balance sheet provides no meaningful offset to these overwhelming weaknesses.
NOVONIX Ltd Sponsored ADR (NVX) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $472.54M
- Dividend Yield
- ―
- Average Volume (3M)
- 27.83K
- Price to Earnings (P/E)
- -0.4
- Beta (1Y)
- 0.99
- Revenue Growth
- -52.63%
- EPS Growth
- -7.51%
- Country
- US
- Employees
- 192
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Electrical Equipment & Parts
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 ser...
NOVONIX Ltd Sponsored ADR Financial Statement Overview
Summary
Financial health is critically weak. Revenue grew 44%, but gross margin collapsed to -433%, net loss widened to 16.5x revenue, and cash burn is severe with -$154M free cash flow. The balance sheet offers only a thin cushion with moderate leverage, but -59% ROE and deep losses overshadow any positives.
Income Statement
8Very NegativeBalance Sheet
35NegativeCash Flow
12Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.80M | 5.62M | 5.85M | 8.05M | 3.75M | 6.10M |
| Gross Profit | -12.18M | -24.36M | 4.08M | 5.24M | 2.78M | 4.38M |
| EBITDA | -80.73M | -77.13M | -66.61M | -38.86M | -36.08M | -46.18M |
| Net Income | -97.54M | -92.79M | -74.82M | -46.25M | -38.63M | -51.86M |
Balance Sheet | ||||||
| Total Assets | 264.99M | 282.83M | 226.10M | 263.34M | 277.42M | 302.98M |
| Cash, Cash Equivalents and Short-Term Investments | 63.66M | 84.12M | 42.56M | 78.63M | 99.04M | 142.74M |
| Total Debt | 95.84M | 99.27M | 70.42M | 68.22M | 40.37M | 41.41M |
| Total Liabilities | 112.17M | 125.73M | 88.51M | 79.41M | 51.37M | 51.85M |
| Stockholders Equity | 152.81M | 157.10M | 137.59M | 183.94M | 151.39M | 251.13M |
Cash Flow | ||||||
| Free Cash Flow | -78.40M | -102.45M | -70.32M | -55.42M | -29.65M | -113.02M |
| Operating Cash Flow | -43.13M | -42.23M | -40.42M | -36.23M | -13.08M | -29.23M |
| Investing Cash Flow | -22.13M | -32.88M | -18.17M | -11.74M | -16.33M | -106.80M |
| Financing Cash Flow | 98.64M | 109.98M | 25.21M | 29.31M | -539.22K | 180.69M |
NOVONIX Ltd Sponsored ADR Technical Analysis
Price Trends
Market Momentum
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 2.25 is below the 20-day moving average (MA) of 2.29, below the 50-day MA of 2.76, and below the 200-day MA of 5.85, indicating a bearish trend. The MACD of -0.15 indicates Negative momentum. The RSI at 42.22 is Neutral, neither overbought nor oversold. The STOCH value of 77.71 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.
Latest Risks Added
0 New RisksNOVONIX Ltd Sponsored ADR Peers Comparison
Overall Rating
ENVX48Neutral
PLUG47Neutral
FCEL44Neutral
SDST38Underperform- NVX37Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| ENVX | 48Neutral | $691.26M | -3.94 | -66.93% | ― | 34.88% | -18.59% |
| PLUG | 47Neutral | $1.91B | -1.00 | -176.19% | ― | 10.59% | 41.83% |
| FCEL | 44Neutral | $897.09M | -3.27 | -22.15% | ― | 1.09% | 62.70% |
| SDST | 38Underperform | $753.50K | -0.00 | 256.59% | ― | ― | 67.65% |
| NVX | 37Underperform | $58.24M | -0.42 | -63.44% | ― | -52.63% | -7.51% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| NVX | NOVONIX Ltd Sponsored ADR | 2.25 | -11.95 | -84.15% | |
| FCEL | Fuelcell Energy | 11.22 | 2.92 | 35.18% | |
| PLUG | Plug Power Inc | 1.36 | -1.39 | -50.36% | |
| ENVX | Enovix Corporation | 3.15 | -9.06 | -74.20% | |
| SDST | Stardust Power Inc. | 0.01 | -3.96 | -99.70% |
NOVONIX Ltd Sponsored ADR Corporate Events
NOVONIX Tightens Capital Structure as Employee Performance Rights Lapse
On September 18, 2026, NOVONIX Limited notified the ASX that 460,452 unquoted performance rights (ASX code NVXAD) had ceased due to the lapse of conditional rights that could no longer be satisfied. The cessation was linked to employee departures, as...
NOVONIX, ACP Technologies Forge Partnership to Build U.S. Battery Anode Supply Chain
NOVONIX Limited has entered a strategic partnership with U.S.-based ACP Technologies, LLC, formalized through a memorandum of understanding announced on September 16, 2026, in Chattanooga, Tennessee. The collaboration aims to expand NOVONIX’s p...
Novonix Adds New ASX-Quoted Shares Following Performance Rights Conversion
On September 15, 2026, Novonix Limited filed a Form 6-K in the U.S. and an Appendix 2A with the ASX, detailing an application for quotation of additional ordinary fully paid shares under code NVX. The move reflects the conversion of employee performa...
NOVONIX Triggers Amortisation Under Yorkville Funding Deal as Share Price Breaches Floor
NOVONIX Limited, a North American-focused battery materials company producing synthetic graphite anodes for lithium-ion batteries, is working to support U.S. energy independence by supplying the energy storage, electric vehicle and industrial sectors...
NOVONIX Tightens Focus on U.S. Graphite Push with Panasonic Progress and BTS Sale
For the six months ended June 30, 2026, NOVONIX advanced its core synthetic graphite strategy while recording a $24.6 million loss and a reduction in cash to $59.5 million, largely due to investment at its Riverside facility. The company delivered a...
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.
Date of analysis: Oct 21, 2026