Check Out Novagold Resources Inc. (NG)’s Trade Data Rather Than the Analysts’ Views

With 2.96 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.42 shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $2.4900 whereas the lowest price it dropped to was $2.3500. The 52-week range on NG shows that it touched its highest point at $6.68 and its lowest point at $2.22 during that stretch. It currently has a 1-year price target of $6.86. Beta for the stock currently stands at 1.04.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NG was down-trending over the past week, with a drop of -2.00%, but this was down by -31.37% over a month. Three-month performance dropped to -31.94% while six-month performance fell -42.89%. The stock lost -59.84% in the past year, while it has lost -34.49% so far this year. A look at the trailing 12-month EPS for NG yields -0.14 with Next year EPS estimates of -0.08. For the next quarter, that number is -0.02. This implies an EPS growth rate of 42.86% for this year and 0.00% for next year.

Float and Shares Shorts:

At present, 334.25 million NG shares are outstanding with a float of 229.21 million shares on hand for trading. On Jan 31, 2024, short shares totaled 9.26 million, which was 2.77% higher than short shares on Dec 29, 2023. In addition to Mr. Gregory A. Lang as the firm’s President, CEO & Non-Independent Director, Mr. David A. Ottewell CA serves as its VP & CFO.


Institutional Ownership:

Through their ownership of 57.88% of NG’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With NG analysts setting a high price target of $10.00 and a low target of $5.00, the average target price over the next 12 months is $6.86. Based on these targets, NG could surge 308.16% to reach the target high and rise by 104.08% to reach the target low. Reaching the average price target will result in a growth of 180.0% from current levels.