Company’s 36-month beta value is 1.39.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NMG is 30.18M, and currently, short sellers hold a 0.74% ratio of that floaft. The average trading volume of NMG on January 23, 2025 was 106.88K shares.
NMG) stock’s latest price update
The stock price of Nouveau Monde Graphite Inc (NYSE: NMG) has dropped by -11.16 compared to previous close of 2.24. Despite this, the company has seen a fall of -4.33% in its stock price over the last five trading days. businesswire.com reported 2025-01-16 that MONTRÉAL–(BUSINESS WIRE)—- $NMG #ESG–With major commercial, financing and corporate development milestones reached in 2024, Nouveau Monde Graphite Inc. (“NMG” or the “Company”) (NYSE: NMG, TSXV: NOU) is uplisting to the Toronto Stock Exchange (“TSX”). The Company has received the final approval of the TSX for the uplisting of common shares of the capital of the Corporation (the “Common Shares”) on the TSX board, having met the necessary listing requirements, including the filing of all required documenta.
NMG’s Market Performance
NMG’s stock has fallen by -4.33% in the past week, with a monthly rise of 17.06% and a quarterly rise of 23.60%. The volatility ratio for the week is 11.44% while the volatility levels for the last 30 days are 11.69% for Nouveau Monde Graphite Inc The simple moving average for the past 20 days is 5.40% for NMG’s stock, with a 16.40% 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 27.61% 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 -35.18% of loss for the given period.
Volatility was left at 11.69%, however, over the last 30 days, the volatility rate increased by 11.44%, as shares surge +22.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.17% upper at present.
During the last 5 trading sessions, NMG fell by -4.33%, which changed the moving average for the period of 200-days by -9.13% in comparison to the 20-day moving average, which settled at $1.89. In addition, Nouveau Monde Graphite Inc saw 25.16% in overturn over a single year, with a tendency to cut further gains.
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 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at -2.58. The debt to equity ratio resting at 0.16. 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 a nutshell, Nouveau Monde Graphite Inc (NMG) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
