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Novonix Limited (NVX)
NASDAQ: NVX · IEX Real-Time Price · USD
1.860
-0.020 (-1.06%)
Jul 2, 2024, 4:30 PM EDT - Market closed

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 115.05% from the current stock price of 1.86.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $4.00 $4.00 $4.00 $4.00
Change +115.05% +115.05% +115.05% +115.05%
* 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 Jun '24
Strong Buy 1
Buy 0
Hold 0
Sell 0
Strong Sell 0
Total 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 +115.05% May 30, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
15.25M
from 8.05M
Increased by 89.31%
Revenue Next Year
80.81M
from 15.25M
Increased by 429.98%
EPS This Year
-0.21
from -0.00
EPS Next Year
-0.24
from -0.21
Year 2019202020212022202320242025202620272028
Revenue
1.32M2.85M3.89M6.10M8.05M15.25M80.81M236.34M53.94M141.55M
Revenue Growth
-116.42%36.57%56.69%32.02%89.31%429.98%192.46%-77.18%162.43%
EPS
-0.62-0.00-0.00-0.00-0.00-0.21-0.24-0.23-0.70-0.60
EPS Growth
----------
Forward PE
----------
No. Analysts -----22222
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 15.9M 84.0M 245.7M 56.1M 147.2M
Avg 15.2M 80.8M 236.3M 53.9M 141.6M
Low 14.8M 78.4M 229.3M 52.3M 137.4M

Revenue Growth

Revenue Growth 20242025202620272028
High
96.8%
451.0%
204.0%
-76.3%
172.8%
Avg
89.3%
430.0%
192.5%
-77.2%
162.4%
Low
83.7%
414.2%
183.8%
-77.9%
154.6%

EPS Forecast

EPS 20242025202620272028
High -0.21 -0.25 -0.24 -0.72 -0.63
Avg -0.21 -0.24 -0.23 -0.70 -0.60
Low -0.20 -0.24 -0.22 -0.67 -0.59

EPS Growth

EPS Growth 20242025202620272028
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.