Niocorp Developments Ltd Stock Today
| NB Stock | 1.69 0.04 2.31% |
Performance0 of 100
| Odds Of DistressOver 85
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NioCorp Developments is trading at 1.69 as of the 27th of July 2024, a 2.31 percent decrease since the beginning of the trading day. The stock's open price was 1.73. NioCorp Developments 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 NioCorp Developments Ltd are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of April 2024 and ending today, the 27th of July 2024. Click here to learn more.
Business Domain Materials | IPO Date 21st of March 2023 | Category Basic Materials |
NioCorp Developments is entity of United States. It is traded as Stock on NASDAQ exchange. The company has 37.89 M outstanding shares of which 710.81 K shares are now sold short in the market by investors with about 7.8 days to cover all shorted shares. More on NioCorp Developments Ltd
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NioCorp Stock Highlights
| President Chairman | PE Esq | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | Showing 3 out of 5 themes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | Niocorp Developments Ltd. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Diversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials, Silver, Plastics, Aluminum, Non-Metallic and Industrial Metal Mining, Real Estate, Materials, Metals & Mining, Other Industrial Metals & Mining, Basic Materials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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NioCorp Developments can leverage 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 NioCorp Developments' financial leverage. It provides some insight into what part of NioCorp Developments' total assets is financed by creditors.
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NioCorp Developments Ltd (NB) is traded on NASDAQ Exchange in USA. It is located in 7000 South Yosemite Street, Centennial, CO, United States, 80112 and employs 7 people. NioCorp Developments is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a market capitalization of 64.04 M. NioCorp Developments is active under Metals & Mining sector as part of Materials industry. The entity has 37.89 M outstanding shares of which 710.81 K shares are now sold short in the market by investors with about 7.8 days to cover all shorted shares.
NioCorp Developments generates negative cash flow from operations
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Ownership AllocationRoughly 94.0 % of NioCorp Developments outstanding shares are held by general public with 5.6 % by institutional investors.
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NioCorp Developments Historical Income Statement
NioCorp Stock Against Markets
NioCorp Developments Corporate Executives
Elected by the shareholders, the NioCorp Developments' board of directors comprises two types of representatives: NioCorp Developments inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NioCorp. The board's role is to monitor NioCorp Developments' management team and ensure that shareholders' interests are well served. NioCorp Developments' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NioCorp Developments' outside directors are responsible for providing unbiased perspectives on the board's policies.
Additional Information and Resources on Investing in NioCorp Stock
When determining whether NioCorp Developments is a strong investment it is important to analyze NioCorp Developments' 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 NioCorp Developments' future performance. For an informed investment choice regarding NioCorp Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NioCorp Developments Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is Diversified Metals & Mining space 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 NioCorp Developments. If investors know NioCorp 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 NioCorp Developments listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.37) | Return On Assets (0.46) | Return On Equity (7.72) |
The market value of NioCorp Developments is measured differently than its book value, which is the value of NioCorp that is recorded on the company's balance sheet. Investors also form their own opinion of NioCorp Developments' value that differs from its market value or its book value, called intrinsic value, which is NioCorp Developments' 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 NioCorp Developments' market value can be influenced by many factors that don't directly affect NioCorp Developments' 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 NioCorp Developments' value and its price as these two are different measures arrived at by different means. Investors typically determine if NioCorp Developments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NioCorp Developments' 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.