Novagold Resources Stock Fundamentals
| NG Stock | USD 2.81 0.29 9.35% |
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.
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). NovaGold | Select Account or Indicator |
NovaGold Resources Company Return On Equity Analysis
NovaGold Resources' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current NovaGold Resources Return On Equity | -17.91 |
Most of NovaGold Resources' fundamental indicators, such as Return On Equity, 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.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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NovaGold Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, NovaGold Resources has a Return On Equity of -17.9148. This is 2068.66% lower than that of the Metals & Mining sector and notably lower than that of the Materials industry. The return on equity for all United States stocks is notably higher than that of the company.
NovaGold Resources Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining NovaGold Resources's current stock value. Our valuation model uses many indicators to compare NovaGold Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across NovaGold Resources competition to find correlations between indicators driving NovaGold Resources's intrinsic value. More Info.NovaGold Resources is considered to be number one stock in return on equity category among related companies. It is considered to be number one stock in return on asset category among related companies . At this time, NovaGold Resources' Return On Equity is most likely to slightly grow in the upcoming years.Comparative valuation analysis is a catch-all model that can be used if you cannot value NovaGold Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NovaGold Resources' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the NovaGold Resources' earnings, one of the primary drivers of an investment's value.NovaGold Return On Equity 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 Return On Equity 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 return on equity category among related companies.
NovaGold Fundamentals
| Return On Equity | -17.91 | ||||
| Return On Asset | -0.1 | ||||
| Current Valuation | 963.18 M | ||||
| Shares Outstanding | 334.37 M | ||||
| Shares Owned By Insiders | 26.40 % | ||||
| Shares Owned By Institutions | 58.76 % | ||||
| 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 | 939.58 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.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | -805.5 K | -765.2 K | |
| Total Revenue | 0.00 | 0.00 | |
| Cost Of Revenue | 9 K | 8.6 K | |
| Stock Based Compensation To Revenue | 17.28 | 18.14 | |
| Sales General And Administrative To Revenue | 199.42 | 209.39 | |
| Research And Ddevelopement To Revenue | 1.12 | 1.14 | |
| Capex To Revenue | (16.00) | (16.80) | |
| Revenue Per Share | 0 | 0 | |
| Ebit Per Revenue | (261.44) | (248.37) |
NovaGold Resources Investors Sentiment
The influence of NovaGold Resources' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in NovaGold. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to NovaGold Resources' public news can be used to forecast risks associated with an investment in NovaGold. The trend in average sentiment can be used to explain how an investor holding NovaGold can time the market purely based on public headlines and social activities around NovaGold Resources. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
NovaGold Resources' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for NovaGold Resources' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average NovaGold Resources' news discussions. The higher the estimated score, the more favorable is the investor's outlook on NovaGold Resources.
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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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.