Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Novagold Resources Inc (AMEX: NG) was $3.33 for the day, up 0.91% from the previous closing price of $3.30. In other words, the price has increased by $0.91 from its previous closing price. On the day, 0.65 million shares were traded. NG stock price reached its highest trading level at $3.35 during the session, while it also had its lowest trading level at $3.26.
Ratios:
Our analysis of NG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 29.83 and its Current Ratio is at 29.83.
On December 19, 2017, B. Riley FBR Inc. started tracking the stock assigning a Buy rating and target price of $7.B. Riley FBR Inc. initiated its Buy rating on December 19, 2017, with a $7 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NG now has a Market Capitalization of 1114108160 and an Enterprise Value of 1164096128.
Stock Price History:
Over the past 52 weeks, NG has reached a high of $4.88, while it has fallen to a 52-week low of $2.22. The 50-Day Moving Average of the stock is -5.71%, while the 200-Day Moving Average is calculated to be -8.69%.
Shares Statistics:
NG traded an average of 1.23M shares per day over the past three months and 1649100 shares per day over the past ten days. A total of 334.57M shares are outstanding, with a floating share count of 244.69M. Insiders hold about 26.86% of the company’s shares, while institutions hold 57.79% stake in the company. Shares short for NG as of 1732838400 were 8479229 with a Short Ratio of 6.79, compared to 1730332800 on 8777945. Therefore, it implies a Short% of Shares Outstanding of 8479229 and a Short% of Float of 2.5700000000000003.
