Novagold Resources Stock Cash Per Share
| NG Stock | USD 2.94 0.04 1.38% |
NovaGold Resources fundamentals help investors to digest information that contributes to NovaGold Resources' financial success or failures. It also enables traders to predict the movement of NovaGold Stock. The fundamental analysis module provides a way to measure NovaGold Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NovaGold Resources stock.
| Last Reported | Projected for Next Year | ||
| Cash Per Share | 0.38 | 0.34 |
NovaGold | Cash Per Share |
NovaGold Resources Company Cash Per Share Analysis
NovaGold Resources' Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Current NovaGold Resources Cash Per Share | 0.40 X |
Most of NovaGold Resources' fundamental indicators, such as Cash Per Share, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, NovaGold Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
NovaGold Cash Per Share Driver Correlations
Understanding the fundamental principles of building solid financial models for NovaGold Resources is extremely important. It helps to project a fair market value of NovaGold Stock properly, considering its historical fundamentals such as Cash Per Share. Since NovaGold Resources' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of NovaGold Resources' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of NovaGold Resources' interrelated accounts and indicators.
Click cells to compare fundamentals
NovaGold Cash Per Share Historical Pattern
Today, most investors in NovaGold Resources Stock are looking for potential investment opportunities by analyzing not only static indicators but also various NovaGold Resources' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's cash per share growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of NovaGold Resources cash per share as a starting point in their analysis.
NovaGold Resources Cash Per Share |
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Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
| Competition |
NovaGold Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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In accordance with the recently published financial statements, NovaGold Resources has a Cash Per Share of 0.4 times. This is 81.74% lower than that of the Metals & Mining sector and 34.43% lower than that of the Materials industry. The cash per share for all United States stocks is 92.02% higher than that of the company.
NovaGold Cash Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NovaGold Resources' direct or indirect competition against its Cash Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NovaGold Resources could also be used in its relative valuation, which is a method of valuing NovaGold Resources by comparing valuation metrics of similar companies.NovaGold Resources is currently under evaluation in cash per share category among related companies.
NovaGold Fundamentals
| Return On Equity | -17.91 | ||||
| Return On Asset | -0.1 | ||||
| Current Valuation | 976.56 M | ||||
| Shares Outstanding | 334.37 M | ||||
| Shares Owned By Insiders | 26.40 % | ||||
| Shares Owned By Institutions | 58.83 % | ||||
| Number Of Shares Shorted | 9.78 M | ||||
| Price To Earning | (37.59) X | ||||
| Price To Book | 25,838 X | ||||
| EBITDA | (40.31 M) | ||||
| Net Income | (46.8 M) | ||||
| Cash And Equivalents | 63.88 M | ||||
| Cash Per Share | 0.40 X | ||||
| Total Debt | 137.55 M | ||||
| Debt To Equity | 2.99 % | ||||
| Current Ratio | 45.44 X | ||||
| Book Value Per Share | (0.05) X | ||||
| Cash Flow From Operations | (7.79 M) | ||||
| Short Ratio | 4.30 X | ||||
| Earnings Per Share | (0.14) X | ||||
| Target Price | 7.5 | ||||
| Number Of Employees | 13 | ||||
| Beta | 0.88 | ||||
| Market Capitalization | 952.96 M | ||||
| Total Asset | 133.29 M | ||||
| Retained Earnings | (2.06 B) | ||||
| Working Capital | 123.31 M | ||||
| Current Asset | 107.34 M | ||||
| Current Liabilities | 3.05 M | ||||
| Net Asset | 133.29 M |
About NovaGold Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NovaGold Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NovaGold Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NovaGold Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NovaGold Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NovaGold Resources' short interest history, or implied volatility extrapolated from NovaGold Resources options trading.
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Try AI Portfolio ArchitectCheck out NovaGold Resources Piotroski F Score and NovaGold Resources Altman Z Score analysis. 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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.