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
Target Low Average Median High
Price $4.00 $4.00 $4.00 $4.00
Change +104.08% +104.08% +104.08% +104.08%
* 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 '24Oct '24
Strong Buy 11
Buy 00
Hold 00
Sell 00
Strong Sell 00
Total 11

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
More Analyst Ratings

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
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
2.85M3.89M6.10M5.40M8.05M15.25M77.90M236.34M
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 -----222
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
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 20242025202620272028
High
96.8%
431.1%
215.4%
Avg
89.3%
410.9%
203.4%
Low
83.7%
395.7%
194.4%

EPS Forecast

EPS 20242025202620272028
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 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.