At the time of writing, Novagold Resources Inc. [NG] stock is trading at $3.14, down -0.32%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NG shares have lost -1.87% over the last week, with a monthly amount glided 21.24%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On December 19, 2017, B. Riley FBR Inc. initiated with a Buy rating and assigned a price target of $7 on the stock. JP Morgan upgraded its rating to a Overweight. RBC Capital Mkts reiterated its recommendation of a Sector Perform and reduced its price target to $11 on October 17, 2011. RBC Capital Mkts upgraded its rating to Sector Perform for this stock on January 21, 2011, and upped its price target to $16. In a note dated October 20, 2010, RBC Capital Mkts reiterated an Underperform rating on this stock and boosted its target price from $7.50 to $9.
For the past year, the stock price of Novagold Resources Inc. fluctuated between $2.22 and $6.51. Currently, Wall Street analysts expect the stock to reach $5.25 within the next 12 months. Novagold Resources Inc. [AMEX: NG] shares were valued at $3.14 at the most recent close of the market. An investor can expect a potential return of 67.2% based on the average NG price forecast.
Analyzing the NG fundamentals
Gross Profit Margin for this corporation currently stands at -0.49% with Operating Profit Margin at -3642.7%, Pretax Profit Margin comes in at -4629.68%, and Net Profit Margin reading is -5114.28%. To continue investigating profitability, this company’s Return on Assets is posted at -0.4, Equity is 13.22 and Total Capital is -0.29. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-3.21.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.10 points at the first support level, and at 3.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.19, and for the 2nd resistance point, it is at 3.24.
Ratios To Look Out For
It is important to note that Novagold Resources Inc. [AMEX:NG] has a current ratio of 65.41. As well, the Quick Ratio is 65.41, while the Cash Ratio is 20.46.
Transactions by insiders
Recent insider trading involved Lang Gregory A., President and CEO, that happened on Nov 30 ’23 when 42519.0 shares were sold. Director, MADHAVPEDDI KALIDAS V completed a deal on Nov 30 ’23 to sell 10947.0 shares. Meanwhile, President and CEO Lang Gregory A. sold 46335.0 shares on Nov 29 ’23.
