Jefferies analyst Wei Sim maintained a Buy rating on NOVONIX Ltd (NVNXF – Research Report) on March 1 and set a price target of A$1.10. The company’s shares closed last Friday at $0.64.
According to TipRanks, Sim is a 3-star analyst with an average return of 6.7% and a 58.33% success rate. Sim covers the Technology sector, focusing on stocks such as Appen Ltd., Audinate Group Ltd., and Life360 Shs Chess Depository Interests Repr 3 Sh.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NOVONIX Ltd with a $0.72 average price target.
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The company has a one-year high of $1.05 and a one-year low of $0.32. Currently, NOVONIX Ltd has an average volume of 117.2K.
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NOVONIX Ltd (NVNXF) Company Description:
NOVONIX Ltd operates in the lithium-ion battery industry. The company has three operating segments being Graphite Exploration and Mining, Battery Technology, and Battery Materials. Graphite Exploration and Mining segment is engaged in the exploration and development of high-grade flake graphite deposit. The Battery Materials segment develops and manufactures battery anode materials. The Battery Technology segment develops battery cell testing equipment and carried out research and development in battery development. The Battery Technology segment is the major revenue contributor to the company. It has two geographical segments namely Australia and North America, of which the majority of the revenue comes from North America.
Read More on NVNXF:
- NOVONIX Announces Participation in Upcoming Investor Events
- NOVONIX Hosts Webcast with Dr. Chris Burns Following Panasonic Off-Take Announcement
- Panasonic Energy and NOVONIX Sign Binding Off-Take Agreement
- Novonix and Panasonic Energy sign binding off-take agreement for graphite anode
- Novonix appoints Sharan Burrow AC to Board of Directors
