Additionally, the 36-month beta value for NMG is 1.41. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for NMG is 35.95M and currently, short sellers hold a 0.70% ratio of that float. The average trading volume of NMG on December 04, 2024 was 38.97K shares.
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NMG) stock’s latest price update
The stock price of Nouveau Monde Graphite Inc (NYSE: NMG) has jumped by 11.29 compared to previous close of 1.24. Despite this, the company has seen a gain of 8.66% in its stock price over the last five trading days. zacks.com reported 2024-12-03 that The heavy selling pressure might have exhausted for Nouveau Monde Graphite (NMG) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
NMG’s Market Performance
NMG’s stock has risen by 8.66% in the past week, with a monthly drop of -2.82% and a quarterly drop of -7.38%. The volatility ratio for the week is 4.67% while the volatility levels for the last 30 days are 4.36% for Nouveau Monde Graphite Inc The simple moving average for the past 20 days is 5.57% for NMG’s stock, with a -24.11% simple moving average for the past 200 days.
Analysts’ Opinion of NMG
Many brokerage firms have already submitted their reports for NMG stocks, with H.C. Wainwright repeating the rating for NMG by listing it as a “Buy.” The predicted price for NMG in the upcoming period, according to H.C. Wainwright is $17 based on the research report published on February 08, 2023 of the previous year 2023.
B. Riley Securities, on the other hand, stated in their research note that they expect to see NMG reach a price target of $7, previously predicting the price at $15. The rating they have provided for NMG stocks is “Buy” according to the report published on October 27th, 2022.
NMG Trading at -3.76% from the 50-Day Moving Average
After a stumble in the market that brought NMG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.91% of loss for the given period.
Volatility was left at 4.36%, however, over the last 30 days, the volatility rate increased by 4.67%, as shares sank -2.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.13% lower at present.
During the last 5 trading sessions, NMG rose by +8.66%, which changed the moving average for the period of 200-days by -52.58% in comparison to the 20-day moving average, which settled at $1.3073. In addition, Nouveau Monde Graphite Inc saw -47.13% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NMG
The total capital return value is set at -0.77. Equity return is now at value -76.15, with -47.62 for asset returns.
Based on Nouveau Monde Graphite Inc (NMG), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at -2.88. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is -12.9.
Currently, EBITDA for the company is -47.43 million with net debt to EBITDA at 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.74.
Conclusion
In conclusion, Nouveau Monde Graphite Inc (NMG) 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.
