Novagold Resources Stock Analysis
| NG Stock | CAD 4.02 0.05 1.26% |
NovaGold Resources is overvalued with Real Value of 3.63 and Hype Value of 4.04. The main objective of NovaGold Resources stock analysis is to determine its intrinsic value, which is an estimate of what NovaGold Resources is worth, separate from its market price. There are two main types of NovaGold Resources' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect NovaGold Resources' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of NovaGold Resources' stock to identify patterns and trends that may indicate its future price movements.
The NovaGold Resources stock is traded in Canada on Toronto Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Canada. NovaGold Resources is usually not traded on Christmas Day, Boxing Day, New Year 's Day, Family Day, Good Friday, Victoria Day, Canada Day, Civic Holiday, Labour Day, Thanksgiving Day. NovaGold Stock trading window is adjusted to America/Toronto timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and NovaGold Resources' ongoing operational relationships across important fundamental and technical indicators.
NovaGold |
NovaGold Stock Analysis Notes
About 26.0% of the company outstanding shares are owned by corporate insiders. The company recorded a loss per share of 0.19. NovaGold Resources last dividend was issued on the 28th of June 1999. The entity had 1:10 split on the 17th of December 1997. NovaGold Resources Inc. primarily explores for and develops gold mineral properties in the United States. NovaGold Resources Inc. was founded in 1984 and is based in Vancouver, Canada. NOVAGOLD RES operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 12 people. To find out more about NovaGold Resources contact Gregory Lang at 604 669 6227 or learn more at https://www.novagold.com.NovaGold Resources Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. NovaGold Resources' investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding NovaGold Resources or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
| NovaGold Resources had very high historical volatility over the last 90 days | |
| NovaGold Resources has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (46.8 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| NovaGold Resources has accumulated 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 0.38. | |
| Roughly 59.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Commit To Buy NovaGold Resources At 2, Earn 11.4 percent Annualized Using Options - Nasdaq |
NovaGold Largest EPS Surprises
Earnings surprises can significantly impact NovaGold Resources' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2004-10-14 | 2004-08-31 | -0.01 | -0.0049 | 0.0051 | 51 | ||
2024-05-16 | 2024-02-29 | -0.03 | -0.04 | -0.01 | 33 | ||
2023-10-03 | 2023-08-31 | -0.02 | -0.03 | -0.01 | 50 |
NovaGold Market Capitalization
The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.34 B. 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 Profitablity
NovaGold Resources' profitability indicators refer to fundamental financial ratios that showcase NovaGold Resources' ability to generate income relative to its revenue or operating costs. If, let's say, NovaGold Resources is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, NovaGold Resources' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of NovaGold Resources' profitability requires more research than a typical breakdown of NovaGold Resources' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.0003) | (0.0003) | |
| Return On Capital Employed | (0.0002) | (0.0002) | |
| Return On Assets | (0.0003) | (0.0003) | |
| Return On Equity | 0.01 | 0.01 |
Management Efficiency
NovaGold Resources has return on total asset (ROA) of (0.1008) % which means that it has lost $0.1008 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (17.9148) %, meaning that it generated substantial loss on money invested by shareholders. NovaGold Resources' management efficiency ratios could be used to measure how well NovaGold Resources manages its routine affairs as well as how well it operates its assets and liabilities. As of the 29th of April 2024, Return On Tangible Assets is likely to drop to -0.0003. In addition to that, Return On Capital Employed is likely to drop to -0.0002. At this time, NovaGold Resources' Other Current Assets are very stable compared to the past year. As of the 29th of April 2024, Debt To Assets is likely to grow to 0.98, while Total Assets are likely to drop about 145.6 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | (28.31) | (26.89) | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | (28.31) | (26.89) | |
| Enterprise Value Over EBITDA | -4.9 K | -4.7 K | |
| Price Book Value Ratio | (0.17) | (0.15) | |
| Enterprise Value Multiple | -4.9 K | -4.7 K | |
| Price Fair Value | (0.17) | (0.15) | |
| Enterprise Value | 83.9 M | 79.7 M |
The analysis of NovaGold Resources' management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze NovaGold Resources' future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of NovaGold Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 0.884 |
Technical Drivers
As of the 29th of April, NovaGold Resources secures the Standard Deviation of 3.85, mean deviation of 3.0, and Risk Adjusted Performance of 0.0067. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NovaGold Resources, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate and analyze data for thirteen technical drivers for NovaGold Resources, which can be compared to its peers in the industry. Please verify NovaGold Resources market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if NovaGold Resources is priced some-what accurately, providing market reflects its recent price of 4.02 per share.NovaGold Resources Price Movement Analysis
The output start index for this execution was thirty-five with a total number of output elements of twenty-six. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. NovaGold Resources middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for NovaGold Resources. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
NovaGold Resources Predictive Daily Indicators
NovaGold Resources intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of NovaGold Resources stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
NovaGold Resources Forecast Models
NovaGold Resources' time-series forecasting models are one of many NovaGold Resources' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary NovaGold Resources' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About NovaGold Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how NovaGold Resources prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling NovaGold shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as NovaGold Resources. By using and applying NovaGold Stock analysis, traders can create a robust methodology for identifying NovaGold entry and exit points for their positions.
| Last Reported | Projected for Next Year | ||
| Pretax Profit Margin | (566.52) | (538.19) | |
| Operating Profit Margin | (261.44) | (248.37) | |
| Net Loss | (439.22) | (417.26) | |
| Gross Profit Margin | 0.51 | 0.54 |
Be your own money manager
As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding NovaGold Resources to your portfolios without increasing risk or reducing expected return.Did you try this?
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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 estimate. To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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.
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