NOVONIX Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for NOVONIX stock has a target of 4.00, which predicts an increase of 111.64% from the current stock price of 1.89.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$4.00	$4.00	$4.00	$4.00
Change	+111.64%	+111.64%	+111.64%	+111.64%

* Price targets were last updated on May 30, 2024.

Analyst Ratings

According to 1 stock analyst, the rating for NOVONIX is "Strong Buy". This means that the analyst believes this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Oct '24	Nov '24
Strong Buy	1	1
Buy	0	0
Hold	0	0
Sell	0	0
Strong Sell	0	0
Total	1	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Brian Dobson Chardan Capital	Chardan Capital	Strong Buy Initiates $4	Strong Buy	Initiates	$4	+111.64%	May 30, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

15.25M

from 8.05M

89.31%

from 8.05M

Revenue Next Year

77.90M

from 15.25M

410.89%

from 15.25M

EPS This Year

-0.21

from -0.09

EPS Next Year

-0.24

from -0.21

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Jun 30, 2020	Jun 30, 2021	Jun 30, 2022	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	2.85M	3.89M	6.10M	5.40M	8.05M	15.25M	77.90M	236.34M
Revenue Growth	56.90%	36.57%	56.69%	-11.42%	49.03%	89.31%	410.89%	203.39%
EPS	-0.10	-0.04	-0.11	-0.12	-0.09	-0.21	-0.24	-0.23
EPS Growth	-	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	2	2	2

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	15.9M	81.0M	245.7M
Avg	15.2M	77.9M	236.3M
Low	14.8M	75.6M	229.3M

Revenue Growth

Revenue Growth	2024	2025	2026
High	96.8%	431.1%	215.4%
Avg	89.3%	410.9%	203.4%
Low	83.7%	395.7%	194.4%

EPS Forecast

EPS	2024	2025	2026
High	-0.21	-0.25	-0.24
Avg	-0.21	-0.24	-0.23
Low	-0.20	-0.24	-0.22

EPS Growth

EPS Growth	2024	2025	2026
High	-	-	-
Avg	-	-	-
Low	-	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.