Novagold Resources Stock Today

NG Stock  USD 3.00  0.24  8.70%   

Performance

0 of 100

 
Low
 
High
Very Weak

Odds Of Distress

Over 79

 
100  
 
Zero
High
NovaGold Resources is trading at 3.00 as of the 28th of March 2024. This is a 8.70 percent up since the beginning of the trading day. The stock's lowest day price was 2.8. NovaGold Resources has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for NovaGold Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Materials
IPO Date
4th of December 2003
Category
Basic Materials
NovaGold Resources Inc. explores for and develops gold mineral properties in the United States. NovaGold Resources Inc. was incorporated in 1984 and is based in Vancouver, Canada. Novagold Resources operates under Gold classification in the United States and is traded on AMEX Exchange.. The company has 334.37 M outstanding shares of which 10.07 M shares are now sold short in the market by investors with about 4.28 days to cover all shorted shares. More on NovaGold Resources

Moving together with NovaGold Stock

  0.61AA Alcoa Corp Fiscal Quarter End 31st of March 2024 PairCorr
  0.67GGB Gerdau SA ADR Financial Report 1st of May 2024 PairCorr
  0.66AG First Majestic Silver Buyout TrendPairCorr

Moving against NovaGold Stock

  0.8TT Trane Technologies Plc Financial Report 1st of May 2024 PairCorr
  0.77NUE Nucor Corp Financial Report 18th of April 2024 PairCorr
  0.71RS Reliance Steel Aluminum Financial Report 25th of April 2024 PairCorr
  0.59NX Quanex Building Products Financial Report 6th of June 2024 PairCorr
  0.41CX Cemex SAB De Financial Report 7th of May 2024 PairCorr

NovaGold Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. NovaGold Resources' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding NovaGold Resources or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOGregory Lang
Thematic Ideas
(View all Themes)
Business ConcentrationMetals & Mining, Materials, Basic Materials, SP TSX Composite, Precious Metals, Gold and Gold Mining, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors)
Average Analyst Recommendation
Analysts covering NovaGold Resources report their recommendations after researching NovaGold Resources' financial statements, talking to executives and customers, or listening in on NovaGold Resources' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering NovaGold Resources. The NovaGold consensus assessment is calculated by taking the average forecast from all of the analysts covering NovaGold Resources.
Financial Strength
Based on the key indicators related to NovaGold Resources' liquidity, profitability, solvency, and operating efficiency, NovaGold Resources may be sliding down financialy. It has an above-average likelihood of going through some form of financial trouble next quarter. Financial strength of NovaGold Resources is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover6.0E-46.0E-4
Notably Down
Slightly volatile
Gross Profit Margin0.540.51
Notably Up
Slightly volatile
Total Current Liabilities4.3 M4.5 M
Notably Down
Slightly volatile
Non Current Liabilities Total88.1 M158.2 M
Way Down
Slightly volatile
Total Assets145.6 M153.3 M
Notably Down
Slightly volatile
Total Current Assets102.2 M146.3 M
Way Down
Very volatile
NovaGold Resources' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to NovaGold Resources' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand NovaGold Resources' financial leverage. It provides some insight into what part of NovaGold Resources' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on NovaGold Resources' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how NovaGold Resources deploys its capital and how much of that capital is borrowed.
Liquidity
NovaGold Resources cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company reports 137.55 M of total liabilities with total debt to equity ratio (D/E) of 2.99, which may imply that the company relies heavily on debt financing. NovaGold Resources has a current ratio of 44.53, indicating that it is in good position to pay out its debt commitments in time. Debt can assist NovaGold Resources until it has trouble settling it off, either with new capital or with free cash flow. So, NovaGold Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like NovaGold Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NovaGold to invest in growth at high rates of return. When we think about NovaGold Resources' use of debt, we should always consider it together with cash and equity.

Change In Working Capital

(505,575)
NovaGold Resources (NG) is traded on NYSE MKT Exchange in USA. It is located in 400 Burrard Street, Vancouver, BC, Canada, V6C 3A6 and employs 13 people. NovaGold Resources is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a market capitalization of 906.15 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate NovaGold Resources's market, we take the total number of its shares issued and multiply it by NovaGold Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. NovaGold Resources is active under Metals & Mining sector as part of Materials industry. The entity has 334.37 M outstanding shares of which 10.07 M shares are now sold short in the market by investors with about 4.28 days to cover all shorted shares. NovaGold Resources reports about 63.88 M in cash with (7.79 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.4.
Check NovaGold Resources Probability Of Bankruptcy
Ownership Allocation
NovaGold Resources maintains a total of 334.37 Million outstanding shares. Over half of NovaGold Resources' outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in NovaGold Resources. Please watch out for any change in the institutional holdings of NovaGold Resources as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check NovaGold Ownership Details

NovaGold Stock Price Odds Analysis

In reference to a normal probability distribution, the odds of NovaGold Resources jumping above the current price in 90 days from now is about 42.52%. The NovaGold Resources probability density function shows the probability of NovaGold Resources stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon the stock has a beta coefficient of 1.8117. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, NovaGold Resources will likely underperform. Additionally, novaGold Resources has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 3.0HorizonTargetOdds Above 3.0
57.38%90 days
 3.00 
42.52%
Based on a normal probability distribution, the odds of NovaGold Resources to move above the current price in 90 days from now is about 42.52 (This NovaGold Resources probability density function shows the probability of NovaGold Stock to fall within a particular range of prices over 90 days) .

NovaGold Resources Historical Income Statement

NovaGold Resources Income Statement is one of the three primary financial statements used for reporting NovaGold's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of NovaGold Resources revenue and expense. NovaGold Resources Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, NovaGold Resources' Total Operating Expenses is most likely to increase significantly in the upcoming years. The NovaGold Resources' current Non Operating Income Net Other is estimated to increase to about 1.9 M, while Gross Profit is projected to decrease to (9.4 K). View More Fundamentals

NovaGold Stock Against Markets

Picking the right benchmark for NovaGold Resources stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in NovaGold Resources stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for NovaGold Resources is critical whether you are bullish or bearish towards NovaGold Resources at a given time. Please also check how NovaGold Resources' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in NovaGold Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Money Flow Index Now

   

Money Flow Index

Determine momentum by analyzing Money Flow Index and other technical indicators
All  Next Launch Module

NovaGold Resources Corporate Directors

NovaGold Resources corporate directors refer to members of a NovaGold Resources board of directors. The board of directors generally takes responsibility for the NovaGold Resources' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of NovaGold Resources' board members must vote for the resolution. The NovaGold Resources board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Markus FaberIndependent DirectorProfile
Ethan SchuttIndependent DirectorProfile
Kalidas MadhavpeddiIndependent DirectorProfile
Rick NieuwenhuyseDirectorProfile

How to buy NovaGold Stock?

Before investing in NovaGold Resources, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in NovaGold Resources. To buy NovaGold Resources stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of NovaGold Resources. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase NovaGold Resources stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located NovaGold Resources stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased NovaGold Resources stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as NovaGold Resources, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy NovaGold Stock please use our How to Invest in NovaGold Resources guide.

Already Invested in NovaGold Resources?

The danger of trading NovaGold Resources is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of NovaGold Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than NovaGold Resources. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile NovaGold Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether NovaGold Resources is a strong investment it is important to analyze NovaGold Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NovaGold Resources' future performance. For an informed investment choice regarding NovaGold Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NovaGold Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.
Note that the NovaGold Resources information on this page should be used as a complementary analysis to other NovaGold Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

Complementary Tools for NovaGold Stock analysis

When running NovaGold Resources' price analysis, check to measure NovaGold Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NovaGold Resources is operating at the current time. Most of NovaGold Resources' value examination focuses on studying past and present price action to predict the probability of NovaGold Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NovaGold Resources' price. Additionally, you may evaluate how the addition of NovaGold Resources to your portfolios can decrease your overall portfolio volatility.
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Is NovaGold Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NovaGold Resources. If investors know NovaGold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NovaGold Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.14)
Return On Assets
(0.09)
Return On Equity
(4.32)
The market value of NovaGold Resources is measured differently than its book value, which is the value of NovaGold that is recorded on the company's balance sheet. Investors also form their own opinion of NovaGold Resources' value that differs from its market value or its book value, called intrinsic value, which is NovaGold Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NovaGold Resources' market value can be influenced by many factors that don't directly affect NovaGold Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NovaGold Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if NovaGold Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NovaGold Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.