Novagold Resources Inc. (AMEX: NG) has seen a decline in its stock price by -2.12 in relation to its previous close of 3.78. However, the company has experienced a 2.49% gain in its stock price over the last five trading sessions. gurufocus.com reported 2024-10-04 that Novagold Resources Inc. (NG, Financial), a company engaged in mineral exploration and development, recently experienced a notable stock fluctuation, with shares diving by 5.22%. The stock is currently priced at $3.45 per share, with a trading volume of 870,909 shares and a turnover rate of 0.26%, showing an amplitude of 5.49%.
Is It Worth Investing in Novagold Resources Inc. (AMEX: NG) Right Now?
The stock has a 36-month beta value of 1.05. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for NG is 245.14M, and at present, short sellers hold a 3.37% of that float. On October 25, 2024, the average trading volume of NG was 1.20M shares.
NG’s Market Performance
The stock of Novagold Resources Inc. (NG) has seen a 2.49% increase in the past week, with a -14.94% drop in the past month, and a -22.11% fall in the past quarter. The volatility ratio for the week is 4.73%, and the volatility levels for the past 30 days are at 4.58% for NG. The simple moving average for the last 20 days is -0.27% for NG stock, with a simple moving average of 6.27% for the last 200 days.
Analysts’ Opinion of NG
B. Riley FBR Inc. gave a rating of “Buy” to NG, setting the target price at $7 in the report published on December 19th of the previous year.
NG Trading at -8.26% from the 50-Day Moving Average
After a stumble in the market that brought NG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.18% of loss for the given period.
Volatility was left at 4.58%, however, over the last 30 days, the volatility rate increased by 4.73%, as shares sank -15.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.91% lower at present.
During the last 5 trading sessions, NG rose by +2.49%, which changed the moving average for the period of 200-days by +3.64% in comparison to the 20-day moving average, which settled at $3.71. In addition, Novagold Resources Inc. saw -1.07% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NG starting from MADHAVPEDDI KALIDAS V, who sale 10,947 shares at the price of $4.17 back on Nov 30 ’23. After this action, MADHAVPEDDI KALIDAS V now owns 49,875 shares of Novagold Resources Inc., valued at $45,649 using the latest closing price.
Lang Gregory A., the President and CEO of Novagold Resources Inc., sale 46,335 shares at $4.21 during a trade that took place back on Nov 29 ’23, which means that Lang Gregory A. is holding 9,635 shares at $195,070 based on the most recent closing price.
Stock Fundamentals for NG
Current profitability levels for the company are sitting at:
- -2966.27 for the present operating margin
- -1.19 for the gross margin
The net margin for Novagold Resources Inc. stands at -4507.57. The total capital return value is set at -0.27. Equity return is now at value -1791.48, with -35.74 for asset returns.
Based on Novagold Resources Inc. (NG), the company’s capital structure generated 1.34 points at debt to capital in total, while cash flow to debt ratio is standing at -0.08. The debt to equity ratio resting at -3.94. The interest coverage ratio of the stock is -2.03.
Currently, EBITDA for the company is -21.77 million with net debt to EBITDA at -3.85. When we switch over and look at the enterprise to sales, we see a ratio of 134119.39. The receivables turnover for the company is 0.01for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 29.83.
Conclusion
To sum up, Novagold Resources Inc. (NG) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
