The price of Novagold Resources Inc. (AMEX: NG) closed at $3.16 in the last session, up 5.33% from day before closing price of $3.00. In other words, the price has increased by $+0.1600 from its previous closing price. On the day, 2917665 shares were traded.
Ratios:
We take a closer look at NG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 32.57 and its Current Ratio is at 32.57.
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.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 30 ’23 when Lang Gregory A. sold 42,519 shares for $4.16 per share. The transaction valued at 176,879 led to the insider holds 9,635 shares of the business.
MADHAVPEDDI KALIDAS V sold 10,947 shares of NG for $45,649 on Nov 30 ’23. The Director now owns 49,875 shares after completing the transaction at $4.17 per share. On Nov 29 ’23, another insider, Lang Gregory A., who serves as the President and CEO of the company, sold 46,335 shares for $4.21 each. As a result, the insider received 195,070 and left with 9,635 shares of the company.
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 1.06B and an Enterprise Value of 1.08B.
Stock Price History:
Over the past 52 weeks, NG has reached a high of $6.68, while it has fallen to a 52-week low of $2.22. The 50-Day Moving Average of the stock is 2.5986, while the 200-Day Moving Average is calculated to be 3.6044.
Shares Statistics:
According to the various share statistics, NG traded on average about 2.43M shares per day over the past 3-months and 1.93M shares per day over the past 10 days. A total of 334.25M shares are outstanding, with a floating share count of 229.17M. Insiders hold about 31.46% of the company’s shares, while institutions hold 52.88% stake in the company. Shares short for NG as of Mar 15, 2024 were 9.74M with a Short Ratio of 4.00, compared to 9.49M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.91% and a Short% of Float of 2.96%.
Earnings Estimates
The company has 1 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.02 for the current quarter, with a high estimate of -$0.02 and a low estimate of -$0.02, while EPS last year was -$0.03. The consensus estimate for the next quarter is -$0.02, with high estimates of -$0.02 and low estimates of -$0.02.
Analysts are recommending an EPS of between -$0.08 and -$0.08 for the fiscal current year, implying an average EPS of -$0.08. EPS for the following year is -$0.08, with 1 analysts recommending between -$0.08 and -$0.08.
