NioCorp Developments Ltd (NASDAQ: NB)’s stock price has decreased by -7.97 compared to its previous closing price of 1.82. However, the company has seen a -11.84% decrease in its stock price over the last five trading sessions. accesswire.com reported 2024-09-18 that NioCorp to Present on its Production and Recycling Plans at the 20th Annual Rare Earth Conference in Washington, D.C. on October 15, 2024 CENTENNIAL, CO / ACCESSWIRE / September 18, 2024 / NioCorp Developments Ltd.
Is It Worth Investing in NioCorp Developments Ltd (NASDAQ: NB) Right Now?
Additionally, the 36-month beta value for NB is 0.27. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for NB is 35.60M and currently, short sellers hold a 2.40% ratio of that float. The average trading volume of NB on November 01, 2024 was 90.61K shares.
NB’s Market Performance
NB stock saw a decrease of -11.84% in the past week, with a monthly decline of -5.63% and a quarterly a decrease of -5.37%. The volatility ratio for the week is 5.30%, and the volatility levels for the last 30 days are 6.82% for NioCorp Developments Ltd (NB). The simple moving average for the last 20 days is -7.80% for NB stock, with a simple moving average of -24.37% for the last 200 days.
NB Trading at -8.01% from the 50-Day Moving Average
After a stumble in the market that brought NB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -63.43% of loss for the given period.
Volatility was left at 6.82%, however, over the last 30 days, the volatility rate increased by 5.30%, as shares sank -6.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.02% lower at present.
During the last 5 trading sessions, NB fell by -13.20%, which changed the moving average for the period of 200-days by -46.63% in comparison to the 20-day moving average, which settled at $1.8155. In addition, NioCorp Developments Ltd saw -47.49% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NB
The total capital return value is set at -1.68. Equity return is now at value -899.90, with -53.05 for asset returns.
Based on NioCorp Developments Ltd (NB), the company’s capital structure generated 0.89 points at debt to capital in total, while cash flow to debt ratio is standing at -1.49. The debt to equity ratio resting at 7.86. The interest coverage ratio of the stock is -3.03.
Currently, EBITDA for the company is -13.76 million with net debt to EBITDA at -0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.24.
Conclusion
In conclusion, NioCorp Developments Ltd (NB) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
