A new trading day began on Tuesday, with Novagold Resources Inc (AMEX: NG) stock price down -0.28% from the previous day of trading, before settling in for the closing price of $3.52. NG’s price has ranged from $2.22 to $4.88 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged 7.14%. With a float of $245.14 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 -119.39%, operating margin of -296627.07%, and the pretax margin is -442578.31%.
Novagold Resources Inc (NG) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Gold Industry. The insider ownership of Novagold Resources Inc is 26.73%, while institutional ownership is 57.52%. 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
According to the Wall Street analysts, stocks earnings will be around 7.14% per share during the next fiscal year.
Novagold Resources Inc (AMEX: NG) Trading Performance Indicators
Here are Novagold Resources Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 29.83.
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 0.86 million was lower than the volume posted last year of 1.74 million. As of the previous 9 days, the stock’s Stochastic %D was 16.94%. Additionally, its Average True Range was 0.16.
During the past 100 days, Novagold Resources Inc’s (NG) raw stochastic average was set at 22.16%, which indicates a significant increase from 17.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.26% in the past 14 days, which was lower than the 58.43% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.88, while its 200-day Moving Average is $3.48. Now, the first resistance to watch is $3.58. This is followed by the second major resistance level at $3.65. The third major resistance level sits at $3.71. If the price goes on to break the first support level at $3.44, it is likely to go to the next support level at $3.38. Should the price break the second support level, the third support level stands at $3.31.
Novagold Resources Inc (AMEX: NG) Key Stats
With a market capitalization of 1.63 billion, the company has a total of 334,567K Shares Outstanding. Currently, annual sales are 0 K while annual income is -46,800 K. The company’s previous quarter sales were 0 K while its latest quarter income was -10,740 K.
