NOVONIX Valuation Delayed: Assessing Battery Grade Synthetic Graphite Production Timeline

NOVONIX (ASX:NVX) has delayed the start of mass production of battery-grade synthetic graphite for Panasonic Energy to the second half of 2027. The A$0.425 share price has declined 18.27% in 7 days and 43.33% in 90 days. With a P/S ratio of 41.5x, investors are paying a high multiple of current sales for its battery materials and technology exposure. The delay and recent loss leave little room for execution missteps.