NovaGold Resources Inc. (AMEX:NG) finished Friday with an addition of $0.07 to close at $4.36, an upside of 1.63 percent. An average of 683,900 shares of common stock have been traded in the last five days. There was a gain of $0.01 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 814,375 shares traded, while the 50-day average volume stands at 1,245,234.
NG stock has decreased by -1.80% in the last month. The company shares reached their 1-month lowest point of $4.14 on 08/08/23. With the stock rallying to its 52-week high on 01/26/23, shares of the company touched a low of $3.84 and a high of $6.98 in 52 weeks. It has reached a new high 9 times so far this year and lost -27.09% or -$1.62 in price. In spite of this, the price is down -37.54% from the 52-week high.
Insider Transactions
NG stock investors should be aware that NovaGold Resources Inc. (NG) stock had its last reported insider trading activity 101 days ago on May 03. In this transaction, the insider spent $83,421. Director, Dowdall Sharon, disposed of 39,799 shares at a price of $6.41 on Apr 13. The insider now owns more than $255,112 worth of shares. Prior to that, Director Walsh Anthony P. went on to Sale 12,479 shares at $6.27 each on Jan 31. An amount of $78,243 was transacted.
Valuation Metrics
NovaGold Resources Inc. (NG) stock’s beta is 0.81. Other valuation ratios to consider include the price-to-book (PB) ratio at 109.00.
Financial Health
The quick ratio of NovaGold Resources Inc. for the three months ended May 30 was 40.80, and the current ratio was 40.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 14.69 and a total debt to equity ratio of 14.69 for the quarter ending May 30. Its gross profit as reported stood at $7.96 million compared to revenue of $48.27 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, NovaGold Resources Inc.’s return on assets was -34.60%.
Earnings Surprise
For the three-month period that ended May 30, NovaGold Resources Inc. had $43.0 million in cash and short-term investments compared to -$921.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $7.8 billion in the quarter, while revenues were grew 100.14%. The analyst consensus anticipated NovaGold Resources Inc.’s latest quarter earnings to come in at -$0.02 per share, but it turned out to be -$0.04, a -100.00% surprise. For the quarter, EBITDA amounted to -$13.08 million. Shareholders own equity worth $334.13 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at NovaGold Resources Inc. (NG) price momentum. RSI 9-day as of the close on 11 August was 51.04%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.54%.
As of today, NG’s price is $4.30 +0.23% or $0.01 from its 5-day moving average. NG is currently trading +1.16% higher than its 20-day SMA and -26.23% lower than its 100-day SMA. However, the stock’s current price level is -15.34% below the SMA50 and -9.73% below the SMA200.
The stochastic %K and %D were 37.30% and 31.35%, respectively, and the average true range (ATR) was 0.15. With the 14-day stochastic at 52.38% and the average true range at 0.15, the RSI (14) stands at 48.12%. The stock has reached -0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.05.
Analyst Ratings
National Bank Financial launched coverage on NovaGold Resources Inc. (AMEX: NG) in its analyst report released on July 20, 2022. The firm assigned the stock an Outperform rating.
