Novagold Resources Inc. (AMEX:NG) does about 2.42M shares in volume on a normal day but saw 1553402 shares change hands in Friday trading. The company now has a market cap of 899.46M USD. Its current market price is $2.69, marking a decrease of -0.37% compared to the previous close of $2.70. The 52 week high reached by this stock is $6.68 whilst the lowest price level in 52 weeks is $2.22.
Novagold Resources Inc. (NG) has a 20-day trading average at $2.56 and the current price is -59.73% off the 52-week high compared with 20.90% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.70 and its 200-day simple moving average is $3.71. If we look at the stock’s price movements over the week, volatility stands at 6.06%, which decreases to 5.39% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 53.21 to suggest the stock is neutral.
The consensus objective for the share price is $6.86, suggesting that the stock has a potential upside of 60.79% over the period.
B. Riley FBR Inc. initiated its price target at $7.
Novagold Resources Inc. (NG) stock is down -2.18% over the week and 13.50% over the past month. Its price is -28.07% year-to-date and -52.72% over the past year.
The stock last released its quarterly earnings report for quarter ended 11/29/2023, with the company’s earnings per share (EPS) of -$0.03 below consensus estimates by -$0.01.
To reach the target analysts have set, the stock logically needs to grow 60.79 percent from here.
Outstanding shares total 334.25M with insiders holding 26.53% of the shares and institutional holders owning 58.42% of the company’s common stock. The company has a return on investment of -40.32% and return on equity of -431.76%. The beta has a value of 1.04.
