Novagold Resources Stock Analysis
| NG Stock | USD 3.10 0.03 0.98% |
NovaGold Resources is undervalued with Real Value of 4.59 and Target Price of 9.67. 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 the USA on NYSE MKT 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 the USA. NovaGold Resources is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. NovaGold Stock trading window is adjusted to America/New York 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 0.14. NovaGold Resources had not issued any dividends in recent years. 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. 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 a very high chance of going through financial distress in the upcoming years | |
| Annual Net Loss to common stockholders was (46.8 M) with gross profit of 0. | |
| 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. | |
| Roughly 59.0% of the company shares are owned by institutional investors | |
| Latest headline from accesswire.com: Metallic Minerals Announces Drill Results and New Drill Targets at the La Plata Project, Colorado, USA |
NovaGold Resources Upcoming and Recent Events
Earnings reports are used by NovaGold Resources to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to NovaGold Resources previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 2nd of April 2024 Upcoming Quarterly Report | View | |
| 29th of February 2024 Next Fiscal Quarter End | View |
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 | -0.0037 | 0.0063 | 63 | ||
2024-04-04 | 2024-02-29 | -0.02 | -0.03 | -0.01 | 50 | ||
2024-01-25 | 2023-11-30 | -0.02 | -0.03 | -0.01 | 50 |
NovaGold Resources Thematic Classifications
In addition to having NovaGold Resources stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
 | Precious MetalsUSA Equities from Precious Metals industry as classified by Fama & French | |
 | Gold and Gold MiningStocks, funds, and ETFs that are involved in producing or trading gold across different geographical areas |
NovaGold Market Capitalization
The company currently falls under 'Mid-Cap' category with a market capitalization of 1.04 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 | (0.40) | (0.38) | |
| Return On Capital Employed | (0.15) | (0.16) | |
| Return On Assets | (0.40) | (0.38) | |
| Return On Equity | 6.52 | 6.84 |
Management Efficiency
NovaGold Resources has Return on Asset (ROA) of (0.1008) % which means that for every 100 dollars spent on asset, it generated a loss of $0.1008. This is way below average. Likewise, it shows a return on total equity (ROE) of (17.9148) %, which implies that it produced no returns to current stockholders. 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. The NovaGold Resources' current Return On Equity is estimated to increase to 6.84, while Return On Tangible Assets are forecasted to increase to (0.38). At this time, NovaGold Resources' Net Current Asset Value is most likely to increase significantly in the upcoming years. The NovaGold Resources' current Tangible Asset Value is estimated to increase to about 452.9 M, while Non Current Assets Total are projected to decrease to roughly 6.6 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | (0.03) | (0.03) | |
| Net Current Asset Value | 88.6 M | 93.1 M | |
| Tangible Asset Value | 431.3 M | 452.9 M | |
| Tangible Book Value Per Share | (0.03) | (0.03) | |
| Enterprise Value Over EBITDA | (79.29) | (83.26) | |
| Price Book Value Ratio | (153.56) | (145.88) | |
| Enterprise Value Multiple | (79.29) | (83.26) | |
| Price Fair Value | (153.56) | (145.88) | |
| Enterprise Value | 1.8 B | 1.9 B |
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 23rd of April, NovaGold Resources secures the Mean Deviation of 3.01, risk adjusted performance of (0.01), and Standard Deviation of 3.86. 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 analyze and collect 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, variance, as well as the relationship between the Variance and value at risk to decide if NovaGold Resources is priced some-what accurately, providing market reflects its recent price of 3.1 per share. Given that NovaGold Resources has information ratio of (0.05), we recommend you to check NovaGold Resources's last-minute market performance to make sure the company can sustain itself at a future point.NovaGold Resources Price Movement Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific NovaGold Resources insiders, such as employees or executives, is commonly permitted as long as it does not rely on NovaGold Resources' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases NovaGold Resources insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
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 Corporate Filings
8K | 18th of April 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
10Q | 3rd of April 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
F4 | 1st of April 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 25th of March 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
| 22nd of March 2024 Other Reports | ViewVerify | |
F4 | 4th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F4 | 1st of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 14th of February 2024 An amended filing to the original Schedule 13G | ViewVerify |
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 |
Current NovaGold Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. NovaGold analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. NovaGold analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
| Target Price | Advice | # of Analysts | |
| 9.67 | Buy | 3 | Odds |
Most NovaGold analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand NovaGold stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of NovaGold Resources, talking to its executives and customers, or listening to NovaGold conference calls.
NovaGold Stock Analysis Indicators
NovaGold Resources stock analysis indicators help investors evaluate how NovaGold Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading NovaGold Resources shares will generate the highest return on investment. By understating and applying NovaGold Resources stock analysis, traders can identify NovaGold Resources position entry and exit signals to maximize returns.
| Begin Period Cash Flow | 63.9 M | |
| Long Term Debt | 136.7 M | |
| Common Stock Shares Outstanding | 334.1 M | |
| Total Stockholder Equity | -8.2 M | |
| Tax Provision | 39 K | |
| Property Plant And Equipment Net | 898 K | |
| Cash And Short Term Investments | 125.7 M | |
| Cash | 45.7 M | |
| Accounts Payable | 703 K | |
| Net Debt | 91.8 M | |
| 50 Day M A | 2.7242 | |
| Total Current Liabilities | 3.9 M | |
| Other Operating Expenses | 21.8 M | |
| Non Current Assets Total | 6.1 M | |
| Stock Based Compensation | 8.7 M |
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 Stocks Directory module to find actively traded stocks across global markets.
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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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 (0.10) | Return On Equity (17.91) |
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.