Novagold Resources Inc. (NG) concluded trading on 01/11/24 at a closing price of $3.53, with 2.7 million shares of worth about $9.54 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.50% during that period and on Thursday the price saw a loss of about -1.12%. Currently the company’s common shares owned by public are about 333.75M shares, out of which, 228.88M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 3 analysts are covering the NG stock and their offered price forecasts bring an average price target of $9.69. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $13.37 and could fall to a lowest price of $6.69. The stock’s current price level is 53.61% above of average price target set by the analysts, while a rise to estimated low would result in gain of 47.23% for the stock. However, touching the estimated high of $13.37 would mean a gain of 73.6% for the stock.
Novagold Resources Inc. (AMEX: NG) started trading at $3.56, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 3.5950, or with a loss of -1.12%. Stock saw a price change of -3.81% in past 5 days and over the past one month there was a price change of -3.29%. Year-to-date (YTD), NG shares are showing a performance of -5.61% which decreased to -48.32% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.25 but also hit the highest price of $6.98 during that period. The average intraday trading volume for Novagold Resources Inc. shares is 1.63 million. The stock is currently trading -2.85% below its 20-day simple moving average (SMA20), while that difference is down -6.52% for SMA50 and it goes to -20.73% lower than SMA200.
Novagold Resources Inc. (AMEX: NG) currently have 333.75M outstanding shares and institutions hold larger chunk of about 52.51% of that.
The stock has a current market capitalization of $1.18B and its 3Y-monthly beta is at 1.07. It has posted earnings per share of -$0.15 in the same period. It has Quick Ratio of 33.31 while making debt-to-equity ratio of 1310.50. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NG, volatility over the week remained 4.31% while standing at 5.06% over the month.
Analysts are in expectations that Novagold Resources Inc. (NG) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 34.38% while it is estimated to increase by 23.81% in next year.
Analysts at 3 brokerage firms have issued recommendations for the Novagold Resources Inc. (NG)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.67. Out of those 3 Wall Street analysts, 2 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
