Additionally, the 36-month beta value for NMG is 1.37. 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 30.18M and currently, short sellers hold a 0.74% ratio of that float. The average trading volume of NMG on January 31, 2025 was 113.84K shares.
NMG) stock’s latest price update
Nouveau Monde Graphite Inc (NYSE: NMG) has experienced a rise in its stock price by 6.70 compared to its previous closing price of 2.09. However, the company has seen a gain of 4.69% in its stock price over the last five trading days. newsfilecorp.com reported 2025-01-30 that Las Vegas, Nevada and Vancouver, British Columbia–(Newsfile Corp. – January 30, 2025) – Body and Mind Inc. (CSE: BAMM) (OTC Pink: BMMJ) (the “Company” or “BaM”) is pleased to announce that it has entered into definitive agreements for the sale of its Illinois assets, NMG IL 1, LLC (“NMG IL 1”) and NMG IL 4, LLC (“NMG IL 4”) to Rubino Ventures IL, LLC d/b/a/ Dutchess Cannabis, an Illinois cannabis company which currently operates two open dispensaries. The membership interest purchase agreements (the “MIPAs”), which are described in more detail below and are subject to Illinois regulatory approval, will be for total cash consideration of US$5 million, half to be paid upon effectiveness of the respective managed services agreements (the “MSAs”) to be entered into with each of NMG IL 1 and NMG IL 4, and half to be paid upon closing, as well as the potential for additional cash earnout based on trailing twelve month EBITDA calculated as of the end of the fifteenth month period after the effectiveness of the respective MSAs.
NMG’s Market Performance
Nouveau Monde Graphite Inc (NMG) has seen a 4.69% rise in stock performance for the week, with a 39.37% gain in the past month and a 55.94% surge in the past quarter. The volatility ratio for the week is 8.12%, and the volatility levels for the past 30 days are at 11.33% for NMG. The simple moving average for the past 20 days is 7.86% for NMG’s stock, with a 30.58% 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 34.65% 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 -27.36% of loss for the given period.
Volatility was left at 11.33%, however, over the last 30 days, the volatility rate increased by 8.12%, as shares surge +42.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +76.98% upper at present.
During the last 5 trading sessions, NMG rose by +4.69%, which changed the moving average for the period of 200-days by +1.83% in comparison to the 20-day moving average, which settled at $2.07. In addition, Nouveau Monde Graphite Inc saw 40.25% 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 conclusion, Nouveau Monde Graphite Inc (NMG) has seen better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
