Novonix Ltd (NVX) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Total · absolute moveSwitch to Alpha · Nasdaq
Novonix Ltd (NVX) stock forecast summary
Our AI ranks Novonix Ltd outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Novonix Ltd is a small-cap company with a market capitalization of $57M. It ranks number 26 by market capitalization among the 43 Miscellaneous Electrical Machinery, Equipment & Supplies issuers in our coverage with a current forecast.
For NVX, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 11.0%, measured on 352 forecast dates between 2022-09-02 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 31.0%, measured on 395 forecast dates between 2022-09-02 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected absolute price move over the horizon, market included. This is the number a price target is built from. Ratings: strong buy ≥ +5.1%, buy ≥ +3.4%, sell < +1.8%, strong sell < +0.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, NVX included.
Follow NVX freeNVX price chart and AI forecast
How NVX ranks among 5172 stocks
90D Total forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Novonix Ltd (NVX) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Miscellaneous Electrical Machinery, Equipment & Supplies peers listed below that report each metric.
Valuation & Market
| Metric | NVX | Rank |
|---|---|---|
| Market Cap | $57M | 26/43 |
| EPS | $-0.44 | – |
| FCF/Share | $-9.76 | – |
Profitability & Margins
| Metric | NVX | Rank |
|---|---|---|
| Tax Rate | 0.0% | – |
Financial Health
| Metric | NVX | Rank |
|---|---|---|
| Current Ratio | 1.07x | 26/38 |
| Quick Ratio | 1.04x | 17/34 |
| D/E Ratio | 0.75x | 15/28 |
| Financial Leverage | 1.75x | 15/28 |
| Working Capital | $6M | 25/37 |
Cash Flow
| Metric | NVX | Rank |
|---|---|---|
| Operating Cash Flow | -$141M | 38/40 |
| Free Cash Flow | -$260M | 23/25 |
| Capital Spending | -$119M | 24/25 |
Income Statement
| Metric | NVX | Rank |
|---|---|---|
| R&D Expense | $18M | 12/29 |
Dividend & Shareholder Information
| Metric | NVX | Rank |
|---|---|---|
| Shares Outstanding | 27M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $89M | 31.5% of assets |
| Cash & Short-term Investments | $80M | 28.2% of assets |
| Accounts Receivable | $2M | 0.7% of assets |
| Inventory | $2M | 0.8% of assets |
| Total Liabilities | $121M | 42.9% of assets |
| Short-term Debt | $70M | 24.8% of assets |
NVX quarterly financials and insider trading
Novonix Ltd (NVX) industry peers
Companies classified under the same SEC industry code as Novonix Ltd (Miscellaneous Electrical Machinery, Equipment & Supplies): 44 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Total) | Market Cap |
|---|---|---|
| NVX Novonix Ltd | ▲ | $57M |
| CAE Cae Inc | ▼ | $7.75B |
| ENS Enersys | ▶ | $6.08B |
| NOVT Novanta Inc | ▶ | $4.87B |
| ATKR Atkore Inc. | ▼ | $3.21B |
| QS Quantumscape Corp | ▲ | $2.48B |
| SPB Spectrum Brands Holdings, Inc. | ▶ | $1.85B |
| ENR Energizer Holdings, Inc. | ▼ | $1.49B |
| AMPX Amprius Technologies, Inc. | ▲ | $1.13B |
| EMAT Evolution Metals & Technologies Corp. | ▼ | $958M |
| FLNC Fluence Energy, Inc. | ▲ | $830M |
| ADSE Ads-Tec Energy Public Ltd Co | ▶ | $745M |
| EOSE Eos Energy Enterprises, Inc. | ▲ | $663M |
| ENVX Enovix Corp | ▲ | $546M |
| NRGV Energy Vault Holdings, Inc. | ▲ | $516M |
| FAC Factorial Energy Inc. | ▼ | $509M |
| SLDP Solid Power, Inc. | ▲ | $459M |
| ELVA Electrovaya Inc. | ▲ | $256M |
| SES Ses Ai Corp | ▲ | $239M |
| MVST Microvast Holdings, Inc. | ▲ | $199M |
| CHPT Chargepoint Holdings, Inc. | ▲ | $186M |
| NEOV Neovolta Inc. | ▲ | $129M |
| BYRN Byrna Technologies Inc. | ▶ | $110M |
| ULBI Ultralife Corp | ▲ | $102M |
| WBX Wallbox N.V. | ▶ | $66M |
| BLNK Blink Charging Co. | ▲ | $61M |
| LASE Laser Photonics Corp | ▶ | $44M |
| STI Solidion Technology Inc. | ▼ | $37M |
| PPSI Pioneer Power Solutions, Inc. | ▲ | $30M |
| AUSI Aura Systems Inc | ▶ | $30M |
| BEEM Beam Global | ▲ | $20M |
| AETN Aeternum Health, Inc. | ▶ | $12M |
| FLUX Flux Power Holdings, Inc. | ▶ | $9M |
| DFLI Dragonfly Energy Holdings Corp. | ▲ | $5M |
| GAUZ Gauzy Ltd. | ▼ | $4M |
| XPON Expion Energy, Inc. | ▲ | $4M |
| TOGI Turnongreen, Inc. | ▼ | $4M |
| GWH Ess Tech, Inc. | ▶ | $3M |
| POLA Polar Power, Inc. | ▶ | $3M |
| GWHT Ess Tech, Inc. | ▶ | $3M |
| CETI Cyber Enviro-Tech, Inc. | ▼ | $1M |
| NVVE Nuvve Holding Corp. | ▼ | $970K |
| ADNH Advent Technologies Holdings, Inc. | ▼ | $10K |
| OZSC Ozop Energy Solutions, Inc. | ▼ | N/A |
Where NVX sits on the market map
Novonix Ltd (NVX) stock news
Loading...
Novonix Ltd (NVX) stock forecast FAQ
What is the Novonix Ltd (NVX) stock forecast?
Our AI ranks Novonix Ltd outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Novonix Ltd stock predictions?
For NVX, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 11.0%, measured on 352 forecast dates between 2022-09-02 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 31.0%, measured on 395 forecast dates between 2022-09-02 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Novonix Ltd forecasts updated?
Novonix Ltd forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Novonix Ltd's industry peers?
44 issuers in our coverage, NVX included, share the SEC industry code Miscellaneous Electrical Machinery, Equipment & Supplies. The largest are: Cae Inc (CAE), Enersys (ENS), Novanta Inc (NOVT), Atkore Inc. (ATKR), Quantumscape Corp (QS), Spectrum Brands Holdings, Inc. (SPB).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.