NioCorp Developments Ltd (NASDAQ:NB) price closed lower on Tuesday, April 29, and dropping -2.57% below its previous close.
A look at the daily price movement shows that the last close reads $2.72, with intraday deals fluctuated between $2.6 and $2.91. The company’s 5Y monthly beta was ticking 0.045. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.15 and 52-week low of $1.27. The stock added 28.02% on its value in the past month.
NioCorp Developments Ltd, which has a market valuation of $142.75 million, is expected to release its quarterly earnings report on 2025-Feb-06.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give NB a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned NB a recommendation rating as follows: 0 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the NioCorp Developments Ltd (NB) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that NB’s price is at present 7.86% off the SMA20 and 20.20% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 54.05, with weekly volatility standing at 10.45%. The indicator jumps to 14.60% when calculated based on the past 30 days. NioCorp Developments Ltd (NASDAQ:NB)’s beta value is holding at -0.12, while the average true range (ATR) indicator is currently reading 0.37.
An analysis of the NioCorp Developments Ltd (NASDAQ:NB) stock in terms of its daily trading volume indicates that the 3-month average is 939.46K. However, this figure increases on the past 10-day timeline to an average of 3.88 million.
Current records show that the company has 43.67M in outstanding shares. The insiders’ percentage holdings are 6.60% of outstanding shares while the percentage share held by institutions stands at 7.48%. The stats also highlight that short interest as of 2025-04-15, stood at 1.97 million shares, which puts the short ratio at the time at 3.23. From this we can glean that short interest is 451.00 of company’s current outstanding shares. Notably, we see that shares short in April rose slightly given the previous month’s figure stood at 1.02 million. But the 70.97% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
