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NASDAQ: NVX
Novonix Ltd Stock Forecast, Predictions & Price Target

Analyst price target for NVX

Based on 1 analyst offering 12 month price targets for Novonix Ltd.
Min Forecast
$4.00+127.27%
Avg Forecast
$4.00+127.27%
Max Forecast
$4.00+127.27%

Should I buy or sell NVX stock?

Based on 1 analyst offering ratings for Novonix Ltd.
Strong Buy
Strong Buy
1 analysts 100%
Buy
0 analysts 0%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their NVX stock forecasts and price targets.

NVX stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-05-30

1 of 1

Forecast return on equity

Is NVX forecast to generate an efficient return?
Company
-159.42%
Industry
49.29%
Market
63.13%
NVX's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is NVX forecast to generate an efficient return on assets?
Company
-111.35%
Industry
11.98%
NVX is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

NVX earnings per share forecast

What is NVX's earnings per share in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
-$0.47
Avg 2 year Forecast
-$0.64
Avg 3 year Forecast
-$0.60

NVX revenue forecast

What is NVX's revenue in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$9.2M+14.47%
Avg 2 year Forecast
$52.6M+553.05%
Avg 3 year Forecast
$155.1M+1,825.62%
NVX's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

NVX revenue growth forecast

How is NVX forecast to perform vs Electrical Equipment & Parts companies and vs the US market?
Company
203.31%
Industry
17.74%
Market
10.87%
NVX's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
NVX's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

NVX vs Electrical Equipment & Part Stocks

TickerPricePrice TargetUp/downsideConsensus
NVX$1.76$4.00+127.27%Strong Buy
ULBI$11.76$14.00+19.05%Strong Buy
GWH$0.93$1.83+97.30%Strong Buy
FREY$1.95N/AN/A
EAF$1.09$1.75+60.55%Hold

Novonix Stock Forecast FAQ

Is Novonix Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 1 Wall Street analyst covering (NASDAQ: NVX) stock is to Strong Buy NVX stock.

Out of 1 analyst, 1 (100%) are recommending NVX as a Strong Buy, 0 (0%) are recommending NVX as a Buy, 0 (0%) are recommending NVX as a Hold, 0 (0%) are recommending NVX as a Sell, and 0 (0%) are recommending NVX as a Strong Sell.

If you're new to stock investing, here's how to buy Novonix stock.

What is NVX's earnings growth forecast for 2024-2026?

(NASDAQ: NVX) Novonix's forecast annual earnings growth rate of N/A is not forecast to beat the US Electrical Equipment & Parts industry's average forecast earnings growth rate of 30.94%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 20.52%.

Novonix's earnings in 2024 is -$46,248,261.On average, 2 Wall Street analysts forecast NVX's earnings for 2024 to be -$229,704,727, with the lowest NVX earnings forecast at -$273,690,738, and the highest NVX earnings forecast at -$185,718,715. On average, 1 Wall Street analyst forecast NVX's earnings for 2025 to be -$312,789,415, with the lowest NVX earnings forecast at -$312,789,415, and the highest NVX earnings forecast at -$312,789,415.

In 2026, NVX is forecast to generate -$293,240,077 in earnings, with the lowest earnings forecast at -$293,240,077 and the highest earnings forecast at -$293,240,077.

What is NVX's revenue growth forecast for 2024-2026?

(NASDAQ: NVX) Novonix's forecast annual revenue growth rate of 203.31% is forecast to beat the US Electrical Equipment & Parts industry's average forecast revenue growth rate of 17.74%, and it is also forecast to beat the US market's average forecast revenue growth rate of 10.87%.

Novonix's revenue in 2024 is $8,054,528.On average, 2 Wall Street analysts forecast NVX's revenue for 2024 to be $4,506,122,510, with the lowest NVX revenue forecast at $3,978,290,373, and the highest NVX revenue forecast at $5,033,954,648. On average, 1 Wall Street analysts forecast NVX's revenue for 2025 to be $25,707,380,049, with the lowest NVX revenue forecast at $25,707,380,049, and the highest NVX revenue forecast at $25,707,380,049.

In 2026, NVX is forecast to generate $75,802,559,801 in revenue, with the lowest revenue forecast at $75,802,559,801 and the highest revenue forecast at $75,802,559,801.

What is NVX's forecast return on assets (ROA) for 2024-2026?

(NASDAQ: NVX) forecast ROA is -111.35%, which is lower than the forecast US Electrical Equipment & Parts industry average of 11.98%.

What is NVX's Price Target?

According to 1 Wall Street analyst that have issued a 1 year NVX price target, the average NVX price target is $4.00, with the highest NVX stock price forecast at $4.00 and the lowest NVX stock price forecast at $4.00.

The Wall Street analyst predicted that Novonix's share price could reach $4.00 by May 30, 2025. The average Novonix stock price prediction forecasts a potential upside of 127.27% from the current NVX share price of $1.76.

What is NVX's Earnings Per Share (EPS) forecast for 2024-2026?

(NASDAQ: NVX) Novonix's current Earnings Per Share (EPS) is -$0.00. On average, analysts forecast that NVX's EPS will be -$0.47 for 2024, with the lowest EPS forecast at -$0.56, and the highest EPS forecast at -$0.38. On average, analysts forecast that NVX's EPS will be -$0.64 for 2025, with the lowest EPS forecast at -$0.64, and the highest EPS forecast at -$0.64. In 2026, NVX's EPS is forecast to hit -$0.60 (min: -$0.60, max: -$0.60).

What is NVX's forecast return on equity (ROE) for 2024-2026?

(NASDAQ: NVX) forecast ROE is -159.42%, which is considered weak.
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