How to Buy Novonix Stock
Novonix Ltd
Novonix Limited develops and supplies battery materials, equipment, and services to the lithium-ion battery market in North America.
Novonix stock last closed at $2.21, down 2.64% from the previous day, and has decreased 11.6% in one year. It has underperformed other stocks in the Electrical Equipment & Parts industry by 0.46 percentage points. Novonix stock is currently +57.86% from its 52-week low of $1.40, and -38.44% from its 52-week high of $3.59.
As of Apr 25, 2024, there are 488.73M shares of NVX outstanding. The market capitalization of NVX is $270.03M. In the past 24 hours, 35,882 NVX shares were traded.
How to Buy Novonix Stock
Wondering how to invest in Novonix stock? Here's how.
- Choose where to buy Novonix stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy Novonix stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Pick your method of payment and add your details.
- Analyze Novonix stock: The Novonix ticker symbol is NVX. Is Novonix stock a good investment? Should you buy shares of NVX? How do NVX's underlying business fundamentals look? Do top analysts think Novonix is a good buy? Why has NVX's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if NVX is a good stock to buy).
- Place your NVX purchase: Decide if you will purchase NVX shares at the current market price or use a limit order to buy NVX shares at a specific price.
- Get the latest scoop on your investment in NVX: Create a watchlist to the latest updates on your position in Novonix shares.
Step 1: Choose where to buy Novonix stock
You need an online brokerage account in order to access the NASDAQ market and buy NVX shares.
Our favorite brokerage: eToro
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- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen your brokerage, it's time to fill out some personal info so you are able to buy NVX today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to create a new trading account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've created your account on the best stock trading app for beginners, you can securely and quickly fund your account:
Check out the video below to see the process of depositing money into your investment account.
Step 4: Analyze Novonix stock
After you have chosen the best place to buy Novonix stock, it's critical to research their stock before you buy, so you can comprehend the risk as well as the upside.
Novonix stock data
Fundamentals of NVX
WallStreetZen was created to help everyday investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on NVX's stock page.
How is NVX stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge NVX's true value.
Using relative valuations metrics:
- NVX may be undervalued based on its P/B ratio of 1.47x, relative to Electrical Equipment & Parts industry P/B ratio of 4.13x
You can access more valuation research on NVX's stock here.
NVX Financial Health Overview
Positive Financial Indicators:
- NVX has $78.71M in cash and short term investments. This is enough to cover its annual cash burn of $55.42M.
- There are more short-term assets than long-term liabilities on the NVX balance sheet.
- NVX has cash burn of 55424219. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the NVX balance sheet.
Negative Financial Indicators:
- NVX profit margin has gone up by 4.22 percentage points in the past year, but the company is still unprofitable.
- NVX has a relatively high debt to equity ratio of 0.43.
You can dive deeper into what analysts are forecasting on the Novonix stock forecast page.
NVX Momentum
How is NVX performing as a company?
Last year, NVX revenue was $8.05M. Over the last 2 year, NVX's revenue has gone up by 25.57% per year. This was faster than the Electrical Equipment & Parts industry average of 9.97%.
Dive into NVX's earnings and revenue performance here.
Who is buying/selling NVX?
Over the last 12 months, insiders at NVX have not bought or sold any shares.
Dig into more about who owns NVX shares here.
Can I rely on NVX as an income stream?
No, Novonix doesn't provide an income stream by paying out dividends.
What others are saying about NVX
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your NVX purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount, place a limit order.
Click the Open Trade button and your broker will execute the order.
If you require more assistance buying stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your investment in NVX
Now that you own some NVX shares, you'll want to stay up-to-date on your company.
Start a watchlist to get notified of important updates regarding your NVX stock.
NVX Feed
How to Buy Stock in Novonix
To reiterate, here are the 6 steps for buying Novonix stock:
- Choose where to buy Novonix stock
- Open your brokerage account
- Deposit funds into your brokerage account
- Analyze Novonix stock
- Place your NVX purchase
- Get the latest scoop on your investment in NVX
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Novonix, create a watchlist on WallStreetZen today.
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