The stock price of Novagold Resources Inc (AMEX: NG) has plunged by -4.44 when compared to previous closing price of 3.04, but the company has seen a -7.78% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2025-02-15 that The ‘Undercovered’ Dozen series highlights 12 lesser-covered stocks, offering fresh investment ideas and fostering discussion among investors. Standout stocks include Byrna Technologies, Granite Ridge Resources, and Centrus Energy, each with unique growth potential and strategic advantages. Applied Materials and Dun & Bradstreet present attractive long-term opportunities, despite recent market reactions and takeover rumors.
Is It Worth Investing in Novagold Resources Inc (AMEX: NG) Right Now?
The 36-month beta value for NG is also noteworthy at 1.04. 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 244.76M, and at present, short sellers hold a 3.56% of that float. The average trading volume of NG on February 24, 2025 was 1.70M shares.
NG’s Market Performance
The stock of Novagold Resources Inc (NG) has seen a -7.78% decrease in the past week, with a -7.78% drop in the past month, and a -20.63% fall in the past quarter. The volatility ratio for the week is 5.19%, and the volatility levels for the past 30 days are at 5.47% for NG. The simple moving average for the past 20 days is -8.22% for NG’s stock, with a -21.46% 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 -11.22% 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 -40.47% of loss for the given period.
Volatility was left at 5.47%, however, over the last 30 days, the volatility rate increased by 5.19%, as shares sank -3.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.04% lower at present.
During the last 5 trading sessions, NG fell by -7.78%, which changed the moving average for the period of 200-days by -5.07% in comparison to the 20-day moving average, which settled at $3.17. In addition, Novagold Resources Inc saw -12.76% 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:
- -2585651198395764.5 for the present operating margin
- -1839287133554.84 for the gross margin
The net margin for Novagold Resources Inc stands at -3815775669406877.5. The total capital return value is set at -0.29. Equity return is now at value -1791.48, with -37.54 for asset returns.
Based on Novagold Resources Inc (NG), the company’s capital structure generated 1.45 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 -3.22. The interest coverage ratio of the stock is -2.09.
Currently, EBITDA for the company is -37.86 million with net debt to EBITDA at -3.66. When we switch over and look at the enterprise to sales, we see a ratio of 9.07424083397655e+16. The receivables turnover for the company is 0.0for 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 22.91.
Conclusion
In summary, Novagold Resources Inc (NG) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
