NOVONIX Limited (NVX)
NASDAQ: NVX · Real-Time Price · USD
1.960
-0.070 (-3.45%)
Oct 8, 2024, 4:00 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 104.08% from the current stock price of 1.96.
Analyst Consensus: Strong Buy
* 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 | Sep '24 | Oct '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 |
---|---|---|---|---|---|---|---|
Chardan Capital | Chardan Capital | Strong Buy Initiates $4 | Strong Buy | Initiates | $4 | +104.08% | May 30, 2024 |
Financial Forecast
Revenue This Year
15.25M
from 8.05M
Increased by 89.31%
Revenue Next Year
77.90M
from 15.25M
Increased by 410.89%
EPS This Year
-0.21
from -0.09
EPS Next Year
-0.24
from -0.21
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
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 | 2027 | 2028 |
---|---|---|---|---|---|
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 | 2027 | 2028 |
---|---|---|---|---|---|
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 | 2027 | 2028 |
---|---|---|---|---|---|
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.