Northern Dynasty Minerals Ltd. (NAK): What the Financials Tell Us ?

Northern Dynasty Minerals Ltd. (AMEX:NAK) saw a downside of -2.81% to close Friday at $0.45 after subtracting -$0.01 on the day. The 5-day average trading volume is 15,686,420 shares of the company’s common stock. It has gained $0.5419 in the past week and touched a new high 1 time within the past 5 days. An average of 18,896,061 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,371,910.

NAK’s 1-month performance is 10.14% or $0.0411 on its low of $0.4000 reached on 09/02/21. The company’s shares have touched a 52-week low of $0.31 and high of $1.26, with the stock’s rally to the 52-week high happening on 02/11/21. YTD, NAK has achieved 38.66% or $0.1245 and has reached a new high 8 times. However, the current price is down -64.56%% from the 52-week high price.

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Valuation Metrics

Northern Dynasty Minerals Ltd. (NAK) has a trailing price-to-earnings (P/E) ratio of 12.53 for the broader industry and 13.01 for the sector, meaning that investors are optimistic about the stock’s future prospects.NAK stock has a beta of 0.80. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 1.79.

Northern Dynasty Minerals Ltd.’s quick ratio for the recent quarter was 6.20, with the current ratio over the same period at 6.20 meaning that NAK stock is able to fulfill its debt obligations. The firm’s gross profit as reported stood at $87000.0 against revenue of $46.69 million.

Earnings Surprise

Net income and sales went down compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than -$7.27 million. NAK stock balance sheet for the recent quarter shows that total liabilities totaled 5.31 million, with total debt at $0.47 million

Technical Picture

Let’s look briefly at Northern Dynasty Minerals Ltd. (NAK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 44.43% to suggest the stock is trending Neutral, with historical volatility in this time period at 158.16%.

The stock’s 5-day moving average is $0.4688, reflecting a -16.54% or -$0.0885 change from its current price. NAK is currently trading +10.79% above its 20-day SMA, -17.73% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -0.04% and +42.42% respectively.

Stochastic %K and %D was 20.11% and 25.60% and the average true range (ATR) pointed at 0.0532. The RSI (14) points at 47.49%, while the 14-day stochastic is at 17.25% with the period’s ATR at 0.0491. The stock’s 9-day MACD Oscillator is pointing at -0.0376 and -0.0269 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Northern Dynasty Minerals Ltd. (AMEX: NAK), H.C. Wainwright launched coverage with a Buy rating. Analysts offering their rating for NAK stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate NAK as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is NAK’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $1.20 and a high of $1.20, with their median price target at $1.20. Looking at these predictions, the average price target given by analysts is for Northern Dynasty Minerals Ltd. (NAK) stock is $1.20.


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