Novagold Resources Inc (AMEX:NG) price on Thursday, April 10, remained unchanged to $2.51.
A look at the stock’s price movement, the close in the last trading session was $2.51, moving within a range at $2.47 and $2.61. The beta value (5-Year monthly) was 1.497. Turning to its 52-week performance, $4.88 and $2.26 were the 52-week high and 52-week low respectively. Overall, NG moved -23.01% over the past month.
Novagold Resources Inc’s market cap currently stands at around $839.97 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-31.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NG is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend NG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NG’s current price about -16.17% and -19.39% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.02, while 7-day volatility ratio is 11.79% and 7.28% in the 30-day chart. Further, Novagold Resources Inc (NG) has a beta value of 0.76, and an average true range (ATR) of 0.21. Analysts have given the company’s stock an average 52-week price target of $5.25, forecast between a low of $5.25 and high of $5.25. Looking at the price targets, the low is -109.16% off current price level while to achieve the yearly target high, price needs to move -109.16%. Nonetheless, investors will most likely welcome a -109.16% jump to $5.25 which is the analysts’ median price.
If we refocus on Novagold Resources Inc (AMEX:NG), historical trading data shows that trading volumes averaged 3.39 over the past 10 days and 2.39 million over the past 3 months. The company’s latest data on shares outstanding shows there are 334.65 million shares.
The 26.87% of Novagold Resources Inc’s shares are in the hands of company insiders while institutional holders own 58.69% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.47 million on 2025-03-14, giving us a short ratio of 3.79. The data shows that as of 2025-03-14 short interest in Novagold Resources Inc (NG) stood at 344.0 of shares outstanding, with shares short falling to 8.68 million registered in 2025-02-14. Current price change has pushed the stock -24.62% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NG stock continues to rise going into the next quarter.
