I am not sure where do you see good fundamentals? It is...

I am not sure where do you see good fundamentals? It is currently making major losses and no revenue, whilst enjoying a market cap of $2.5B. These are the fundamentals. People seem to like the word 'fundamentals' without understanding what it means. You may say that NVX is looking good growth potential wise or sentiment wise and these justify the current SP, but these statements are highly subjective and speculative, especially at current market cap, which makes it a pretty risky bet.

As for the short-term future, I'd say the SP of NVX will mostly depend on the central banks and whether they will show dovishness and continue supporting excessive market liquidity or not. If not, I see the SP below $1 by the end of this year. Otherwise, NVX would really need to start showing actual fundamentals (i.e. revenue and possibly profits that are based on actual production) to justify current market cap. It's just that simple.