The share price of NovaGold Resources Inc. [NYSE: NG] inclined by $6.61, presently trading at $6.34. The company’s shares saw 85.53% gains compared to the lowest price in the period of the last 52 weeks, set at $3.42 recorded on 10/10/19. The last few days have been tough to the share price as NG fall by -2.08% during the last week, even though the stock is still down by -7.08% compared to -0.14 of all time high it touched on 10/09/19. However, the stock had a strong performance during the past 3 months, roughly gaining 0.92%, while additionally gaining 65.66% during the last 12 months. NovaGold Resources Inc. is said to have a 12-month price target set at N/A. That means that the stock has a strong potential to acquire -6.34% decrease from the current trading price.
NovaGold Resources Inc. [NYSE:NG]: Analyst Rating and Earnings
Its stock price has been found in the range of 3.42 to 7.95. This is compared to its latest closing price of $6.61.
Keep your eyes peeled for this company’s upcoming financial results publication, which is slated for Wed 22 Jan (In 103 Days).
Fundamental Analysis of NovaGold Resources Inc. [NG]
Turning to investigate this organization’s capital structure, NovaGold Resources Inc. [NG] has generated a Total Debt to Total Equity ratio of 32.10. Similarly, its Total Debt to Total Capital is 24.30, while its Total Debt to Total Assets stands at 19.77. Looking toward the
What about valuation? This company’s Enterprise Value to EBITDA is -112.16. Total Debt to Enterprise Value stands at 0.05. NovaGold Resources Inc. [NG] has a Price to Book Ratio of 7.42.
This publicly-traded organization’s liquidity data is also interesting: its Quick Ratio is 46.28 and its Current Ratio is 46.28. This company, considering these metrics, has a healthy ratio between its short-term liquid assets and its short-term liabilities, making it a less risky investment.
NovaGold Resources Inc. [NG] has 318.71M shares outstanding, amounting to a total market cap of $2.11B. Its stock price has been found in the range of 3.42 to 7.95. At its current price, it has moved down by -20.14% from its 52-week high, and it has moved up 85.53% from its 52-week low.
This stock’s Beta value is currently -0.38, which indicates that it is 3.66% more volatile that the wider market. This stock’s Relative Strength Index (RSI) is at 45.95. This RSI score is good, suggesting this stock is neither overbought or oversold.
Conclusion: Is NovaGold Resources Inc. [NG] a Reliable Buy?
Shares of NovaGold Resources Inc. [NG], on the whole, present investors with both positive and negative signals. Wall Street analysts have mixed reviews when it comes to the 12-month price outlook, and this company’s financials show a combination of strengths and weaknesses. Based on the price performance, this investment is somewhat risky while presenting reasonable potential for ROI.