Novagold Resources Inc. (AMEX: NG) kicked off on Monday, down -4.87% from the previous trading daybefore settling in for the closing price of $4.52. Over the past 52 weeks, NG has traded in a range of $2.22-$4.88.
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While this was happening, its average annual earnings per share was recorded 14.29%. With a float of $245.05 million, this company’s outstanding shares have now reached $334.25 million.
The firm has a total of 13 workers. Let’s measure their productivity. In terms of profitability, gross margin is -79.39%, operating margin of -309497.07%, and the pretax margin is -447448.31%.
Novagold Resources Inc. (NG) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Gold Industry. The insider ownership of Novagold Resources Inc. is 26.73%, while institutional ownership is 57.54%. The most recent insider transaction that took place on Nov 30 ’23, was worth 45,649. In this transaction Director of this company sold 10,947 shares at a rate of $4.17, taking the stock ownership to the 49,875 shares. Before that another transaction happened on Nov 29 ’23, when Company’s President and CEO sold 46,335 for $4.21, making the entire transaction worth $195,070. This insider now owns 9,635 shares in total.
Novagold Resources Inc. (NG) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 5/31/2024, the organization reported -0.03 earnings per share (EPS), lower than consensus estimate (set at -0.02) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 14.29% per share during the next fiscal year.
Novagold Resources Inc. (AMEX: NG) Trading Performance Indicators
Take a look at Novagold Resources Inc.’s (NG) current performance indicators. Last quarter, stock had a quick ratio of 29.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.14, a number that is poised to hit -0.02 in the next quarter and is forecasted to reach -0.08 in one year’s time.
Technical Analysis of Novagold Resources Inc. (NG)
Analysing the last 5-days average volume posted by the [Novagold Resources Inc., NG], we can find that recorded value of 1.12 million was lower than the volume posted last year of 1.88 million. As of the previous 9 days, the stock’s Stochastic %D was 86.36%. Additionally, its Average True Range was 0.21.
During the past 100 days, Novagold Resources Inc.’s (NG) raw stochastic average was set at 71.98%, which indicates a significant increase from 71.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.85% in the past 14 days, which was higher than the 58.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.31, while its 200-day Moving Average is $3.47. Now, the first resistance to watch is $4.44. This is followed by the second major resistance level at $4.59. The third major resistance level sits at $4.66. If the price goes on to break the first support level at $4.22, it is likely to go to the next support level at $4.15. Should the price break the second support level, the third support level stands at $4.00.
Novagold Resources Inc. (AMEX: NG) Key Stats
The company with the Market Capitalisation of 1.44 billion has total of 334,431K Shares Outstanding. Its annual sales at the moment are 0 K in contrast with the sum of -46,800 K annual income. Company’s last quarter sales were recorded 0 K and last quarter income was -13,700 K.
