kicked off on Monday, with Novagold Resources Inc (AMEX: NG) stock price down -3.83% from the previous day of trading, before settling in for the closing price of $3.39. NG’s price has ranged from $2.56 to $4.88 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged -14.29%. With a float of $244.74 million, this company’s outstanding shares have now reached $334.57 million.
The firm has a total of 14 workers. Let’s measure their productivity. 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 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 26.87%, while institutional ownership is 58.71%.
Novagold Resources Inc (NG) Earnings and Forecasts
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
Here are Novagold Resources Inc’s current performance indicators. According to the last quarter’s results, the stock had 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)
Analysing the last 5-days average volume posted by the [Novagold Resources Inc, NG], we can find that recorded value of 2.53 million was better than the volume posted last year of 2.16 million. As of the previous 9 days, the stock’s Stochastic %D was 53.38%. Additionally, its Average True Range was 0.17.
During the past 100 days, Novagold Resources Inc’s (NG) raw stochastic average was set at 38.42%, which indicates a significant increase from 33.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.82% in the past 14 days, which was higher than the 48.92% 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 $3.68. Now, the first resistance to watch is $3.39. This is followed by the second major resistance level at $3.53. The third major resistance level sits at $3.60. If the price goes on to break the first support level at $3.18, it is likely to go to the next support level at $3.11. Should the price break the second support level, the third support level stands at $2.97.
Novagold Resources Inc (AMEX: NG) Key Stats
With a market capitalization of 1.09 billion, the company has a total of 334,647K Shares Outstanding. Currently, annual sales are 0 K while annual income is -45,620 K. The company’s previous quarter sales were 0 K while its latest quarter income was -10,860 K.
