Market Recap: NioCorp Developments Ltd (NB)’s Positive Momentum, Closing at 3.79

The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.

The closing price of NioCorp Developments Ltd (NASDAQ: NB) was $3.79 for the day, up 31.14% from the previous closing price of $2.89. In other words, the price has increased by $31.14 from its previous closing price. On the day, 15.66 million shares were traded. NB stock price reached its highest trading level at $4.1487 during the session, while it also had its lowest trading level at $3.3.

Ratios:

Our analysis of NB’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.19 and its Current Ratio is at 0.19. In the meantime, Its Debt-to-Equity ratio is 0.19 whereas as Long-Term Debt/Eq ratio is at 0.01.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NB now has a Market Capitalization of 166800928 and an Enterprise Value of 179622672.

Stock Price History:

The Beta on a monthly basis for NB is -0.22, which has changed by 0.5282258 over the last 52 weeks, in comparison to a change of 0.05279863 over the same period for the S&P500. Over the past 52 weeks, NB has reached a high of $2.94, while it has fallen to a 52-week low of $1.27. The 50-Day Moving Average of the stock is 74.57%, while the 200-Day Moving Average is calculated to be 106.75%.

Shares Statistics:

NB traded an average of 442.78K shares per day over the past three months and 2577670 shares per day over the past ten days. A total of 43.67M shares are outstanding, with a floating share count of 40.79M. Insiders hold about 6.60% of the company’s shares, while institutions hold 7.48% stake in the company. Shares short for NB as of 1743379200 were 1022903 with a Short Ratio of 2.31, compared to 1740700800 on 746344. Therefore, it implies a Short% of Shares Outstanding of 1022903 and a Short% of Float of 2.53.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0

Earnings Estimates

NioCorp Developments Ltd (NB) is currently under the scrutiny of 1 analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.04 and low estimates of -$0.04.

Analysts are recommending an EPS of between -$0.14 and -$0.14 for the fiscal current year, implying an average EPS of -$0.14. EPS for the following year is -$0.28, with 2.0 analysts recommending between -$0.2 and -$0.37.

Most Popular