On Tuesday, Novagold Resources Inc (AMEX: NG) opened lower -2.67% from the last session, before settling in for the closing price of $3.37. Price fluctuations for NG have ranged from $2.56 to $4.88 over the past 52 weeks.
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Company’s average yearly earnings per share was noted -14.29% at the time writing. With a float of $244.74 million, this company’s outstanding shares have now reached $334.57 million.
In an organization with 14 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -183928713355483.84%, operating margin of -2.5856511983957645e+17%, and the pretax margin is -3.755176440249905e+17%.
Novagold Resources Inc (NG) Insider Updates
A key investor’s attitude towards the stock of the Gold industry is another important factor to consider. The insider ownership of Novagold Resources Inc is 26.87%, while institutional ownership is 58.72%.
Novagold Resources Inc (NG) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 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. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -10.72% during the next five years compared to -9.87% drop over the previous five years of trading.
Novagold Resources Inc (AMEX: NG) Trading Performance Indicators
Check out the current performance indicators for Novagold Resources Inc (NG). In the past quarter, the stock posted a quick ratio of 22.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.14, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach -0.17 in one year’s time.
Technical Analysis of Novagold Resources Inc (NG)
Let’s dig in a bit further. During the last 5-days, its volume was 2.54 million. That was better than the volume of 2.14 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 47.81%. Additionally, its Average True Range was 0.17.
During the past 100 days, Novagold Resources Inc’s (NG) raw stochastic average was set at 38.32%, which indicates a significant decrease from 53.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 61.82% in the past 14 days, which was higher than the 48.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.22, while its 200-day Moving Average is $3.69. However, in the short run, Novagold Resources Inc’s stock first resistance to watch stands at $3.42. Second resistance stands at $3.56. The third major resistance level sits at $3.64. If the price goes on to break the first support level at $3.19, it is likely to go to the next support level at $3.10. Assuming the price breaks the second support level, the third support level stands at $2.96.
Novagold Resources Inc (AMEX: NG) Key Stats
There are currently 334,647K shares outstanding in the company with a market cap of 1.10 billion. Presently, the company’s annual sales total 0 K according to its annual income of -45,620 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -10,860 K.
