In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Novagold Resources Inc (AMEX: NG) closed the day trading at $3.00 down -4.76% from the previous closing price of $3.15. In other words, the price has decreased by -$4.76 from its previous closing price. On the day, 3.74 million shares were traded. NG stock price reached its highest trading level at $3.25 during the session, while it also had its lowest trading level at $2.895.
Ratios:
For a better understanding of NG, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 22.91 and its Current Ratio is at 22.91.
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 1003940992 and an Enterprise Value of 1120602368.
Stock Price History:
The Beta on a monthly basis for NG is 1.05, which has changed by 0.07142854 over the last 52 weeks, in comparison to a change of 0.23809385 over the same period for the S&P500. 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 -12.18%, while the 200-Day Moving Average is calculated to be -18.61%.
Shares Statistics:
Over the past 3-months, NG traded about 1.43M shares per day on average, while over the past 10 days, NG traded about 2288730 shares per day. A total of 334.65M shares are outstanding, with a floating share count of 244.74M. Insiders hold about 26.87% of the company’s shares, while institutions hold 57.78% stake in the company. Shares short for NG as of 1735603200 were 8969339 with a Short Ratio of 6.27, compared to 1732838400 on 8479229. Therefore, it implies a Short% of Shares Outstanding of 8969339 and a Short% of Float of 2.7199999999999998.
