After finishing at $2.40 in the prior trading day, Novagold Resources Inc. (AMEX: NG) closed at $2.36, down -1.67%. In other words, the price has decreased by -$0.0400 from its previous closing price. On the day, 1882979 shares were traded.
Ratios:
Our goal is to gain a better understanding of NG by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 30 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. The Director now owns 49,875 shares after completing the transaction at $4.17 per share. On Nov 29, 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 792.08M and an Enterprise Value of 803.88M.
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 3.1318, while the 200-Day Moving Average is calculated to be 3.9934.
Shares Statistics:
The stock has traded on average 2.32M shares per day over the past 3-months and 2.56M shares per day over the last 10 days, according to various share statistics. A total of 334.25M shares are outstanding, with a floating share count of 229.27M. Insiders hold about 31.43% of the company’s shares, while institutions hold 52.55% stake in the company. Shares short for NG as of Jan 31, 2024 were 9.26M with a Short Ratio of 3.99, compared to 8.15M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.77% and a Short% of Float of 2.82%.
Earnings Estimates
Its stock is currently analyzed by 1 different market analysts. 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.
