Additionally, the 36-month beta value for NG is 1.05. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for NG is 244.75M and currently, short sellers hold a 3.46% ratio of that float. The average trading volume of NG on December 11, 2024 was 1.16M shares.
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NG) stock’s latest price update
The stock price of Novagold Resources Inc (AMEX: NG) has jumped by 6.27 compared to previous close of 3.51. Despite this, the company has seen a gain of 3.90% in its stock price over the last five trading days. https://thefly.com reported 2024-11-08 that Barclays raised the firm’s price target on National Grid to 1,145 GBp from 1,120 GBp and keeps an Overweight rating on the shares.
NG’s Market Performance
NG’s stock has risen by 3.90% in the past week, with a monthly rise of 10.68% and a quarterly drop of -15.03%. The volatility ratio for the week is 4.92% while the volatility levels for the last 30 days are 4.66% for Novagold Resources Inc The simple moving average for the past 20 days is 4.98% for NG’s stock, with a 3.50% simple moving average for the past 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 4.56% 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 -23.57% of loss for the given period.
Volatility was left at 4.66%, however, over the last 30 days, the volatility rate increased by 4.92%, as shares surge +12.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.24% lower at present.
During the last 5 trading sessions, NG rose by +3.76%, which changed the moving average for the period of 200-days by +57.17% in comparison to the 20-day moving average, which settled at $3.55. In addition, Novagold Resources Inc saw -0.27% in overturn over a single year, with a tendency to cut further losses.
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 -3.91. The interest coverage ratio of the stock is -2.03.
Currently, EBITDA for the company is -33.55 million with net debt to EBITDA at -3.47. When we switch over and look at the enterprise to sales, we see a ratio of 135123.09. 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
In conclusion, Novagold Resources Inc (NG) has seen mixed performance in recent times. Analysts have a mixed 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.
