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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 $1.76, down 1.12% from the previous day, and has decreased 38.35% in one year. It has underperformed other stocks in the Electrical Equipment & Parts industry by 0.46 percentage points. Novonix stock is currently +25.71% from its 52-week low of $1.40, and -43.23% from its 52-week high of $3.10.

As of Jul 16, 2024, there are 488.73M shares of NVX outstanding. The market capitalization of NVX is $215.04M. In the past 24 hours, 46,890 NVX shares were traded.

How to Buy Novonix Stock

Wondering how to invest in Novonix stock? Here's how.
  1. 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.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your brokerage account: Pick your method of payment and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account enables you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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:

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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

NVX Price
$1.76
1w %
-4.86%
1y %
-38.35%
5y %
N/A
P/E
-440x
P/B
1.17x
P/S
26.67x
PEG
N/A
Revenue
$8.05M
Earnings
-$46.25M
Fore. Rev. Growth
203.31%
Fore. Earn. Growth
N/A
Market Cap
$215.04M
Next Earnings
Jul 28, 2024
Next Dividend
N/A

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 1.17x, relative to Electrical Equipment & Parts industry P/B ratio of 4.57x

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.

Do Wall Street analysts think it's a good time to buy Novonix stock

Out of 1 sell side analysts who research NVX, the consensus analyst rating on Novonix is a Strong Buy

Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.

You can dig deeper into what analysts are saying on the Novonix stock forecast page.

NVX Technicals

SMA10
1.83
SMA20
1.87
SMA50
2.01
SMA100
2.24
SMA200
2.03
MACD
-0.06
MACD Signal
-0.06
MACD Histogram
0
RSI
40.84
Stochastic %K
11.43
Stochastic %D
14.4
StochRSI %K
7.98
StochRSI %D
15.38

How is NVX performing as a company?

Last year, NVX revenue was $8.05M. Over the last two year, NVX's revenue has grown by 25.57% per year. This was faster than the Electrical Equipment & Parts industry average of 12.1%.

Find out more about NVX's earnings and revenue performance here.

What are NVX executives and large shareholders up to?

In the last 12 months, insiders at NVX have not bought or sold any shares.

Learn more about who owns NVX stock here.

Does NVX provide a stable income stream?

No, Novonix doesn't provide an income stream by paying out dividends.

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Step 5: Place your NVX purchase

You have two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are generally fine for most investors.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at a specific dollar amount limit, place a limit order.

Hit the Open button and your broker will execute your order.

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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.

Make a watchlist to track your NVX stock.

NVX Feed

How to Buy Stock in Novonix

To reiterate, here are the 6 steps to buy Novonix stock:

  1. Choose where to buy Novonix stock
  2. Open your brokerage account
  3. Deposit funds into your brokerage account
  4. Analyze Novonix stock
  5. Place your NVX purchase
  6. Get the latest scoop on your investment in NVX

If you are looking for a place to buy stocks, eToro is our favorite option.

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If you would like to monitor your new investment in Novonix, add NVX to your watchlist by clicking the button below.

NASDAQ: NVX
$1.76-0.02 (-1.12%)
Updated Jul 16, 2024
Open eToro Account
NASDAQ: NVX
$1.76-0.02 (-1.12%)
Updated Jul 16, 2024
Open eToro Account

FAQ

How much does it cost to buy one Novonix share?

As of Jul 16, 2024, it costs $1.76 to buy one share of Novonix stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.88, you can buy 0.5 shares of NVX.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Novonix stock?

According to 1 Wall Street analysts who monitor Novonix, their consensus recommendation is to buy Novonix stock.

What is the best way to buy Novonix stock?

One way to place an order for Novonix stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.