At the time of writing, Nouveau Monde Graphite Inc [NMG] stock is trading at $1.57, up 1.95%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NMG shares have gain 4.86% over the last week, with a monthly amount glided 19.84%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Nouveau Monde Graphite Inc [NYSE: NMG] stock has seen the most recent analyst activity on February 08, 2023, when H.C. Wainwright initiated its Buy rating and assigned the stock a price target of $17. On November 17, 2021, BMO Capital Markets initiated with a Market Perform rating. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $16 on July 21, 2021. ROTH Capital initiated its recommendation with a Buy and recommended $11 as its price target on July 08, 2021.
For the past year, the stock price of Nouveau Monde Graphite Inc fluctuated between $1.22 and $3.07. Currently, Wall Street analysts expect the stock to reach $3.25 within the next 12 months. Nouveau Monde Graphite Inc [NYSE: NMG] shares were valued at $1.57 at the most recent close of the market. An investor can expect a potential return of 107.01% based on the average NMG price forecast.
Analyzing the NMG fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.46, Equity is -0.75 and Total Capital is -0.77. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.15.
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 1.5133 points at the first support level, and at 1.4567 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.6133, and for the 2nd resistance point, it is at 1.6567.
Ratios To Look Out For
It is important to note that Nouveau Monde Graphite Inc [NYSE:NMG] has a current ratio of 1.74. As well, the Quick Ratio is 1.74, while the Cash Ratio is 1.6.
