Niocorp Developments Stock Today

NB Stock   2.32  0.05  2.11%   

Performance

0 of 100

 
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Odds Of Distress

Over 58

 
100  
 
Zero
Above Average
NioCorp Developments is trading at 2.32 as of the 28th of February 2024, a -2.11 percent down since the beginning of the trading day. The stock's open price was 2.37. NioCorp Developments has over 58 % chance of experiencing financial distress in the next 2 years of operation and has generated negative returns for investors over the last 90 days. Equity ratings for NioCorp Developments are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of October 2023 and ending today, the 28th of February 2024. Please note, there could be an existing legal relationship between NioCorp Developments (NB) and Niocorp Developments (NIOBF). 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 34.92 M outstanding shares of which 769.88 K shares are now sold short in the market by investors with about 8.11 days to cover all shorted shares. More on NioCorp Developments

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NioCorp Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. NioCorp Developments' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding NioCorp Developments or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Related EntityNIOBF (Niocorp Developments)
President ChairmanPE Esq
Thematic Ideas
Showing 3 out of 6 themes
SEC FilingsNioCorp Developments Security & Exchange Commission EDGAR Reports
Business ConcentrationDiversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials, Plastics, Silver, Aluminum, Copper, Real Estate, Industrial Metal Mining, Materials, Metals & Mining, Other Industrial Metals & Mining, Basic Materials (View all Sectors)
Average Analyst Recommendation
Analysts covering NioCorp Developments report their recommendations after researching NioCorp Developments' financial statements, talking to executives and customers, or listening in on NioCorp Developments' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering NioCorp Developments. The NioCorp consensus assessment is calculated by taking the average forecast from all of the analysts covering NioCorp Developments.
Financial Strength
Based on the key indicators related to NioCorp Developments' liquidity, profitability, solvency, and operating efficiency, NioCorp Developments is not in a good financial situation at the present time. It has a very high likelihood of going through financial trouble in March. Financial strength of NioCorp Developments is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Shares Diluted29.9 M33 M
Moderately Down
Slightly volatile
Weighted Shares29.9 M33 M
Moderately Down
Slightly volatile
Current Liabilities4.9 M4.1 M
Fairly Up
Slightly volatile
Total Liabilities37 M34.3 M
Significantly Up
Slightly volatile
Total Debt10.4 M12.4 M
Fairly Down
Slightly volatile
Current Assets3.9 M4.3 M
Significantly Down
Very volatile
Total Assets21.9 M24.1 M
Significantly Down
Slightly volatile
NioCorp Developments' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to NioCorp Developments' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to 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.
By using current balance sheet information, investors can analyze the liability, assets, and equity on NioCorp Developments' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how NioCorp Developments deploys its capital and how much of that capital is borrowed.
Liquidity
NioCorp Developments cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company reports 2.8 M of total liabilities. Debt can assist NioCorp Developments until it has trouble settling it off, either with new capital or with free cash flow. So, NioCorp Developments' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like NioCorp Developments sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NioCorp to invest in growth at high rates of return. When we think about NioCorp Developments' use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

(20.41 Million)
NioCorp Developments (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 82.75 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate NioCorp Developments's market, we take the total number of its shares issued and multiply it by NioCorp Developments'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. NioCorp Developments is active under Metals & Mining sector as part of Materials industry. The entity has 34.92 M outstanding shares of which 769.88 K shares are now sold short in the market by investors with about 8.11 days to cover all shorted shares. NioCorp Developments generates negative cash flow from operations
Check NioCorp Developments Probability Of Bankruptcy
Ownership Allocation
NioCorp Developments holds a total of 34.92 Million outstanding shares. NioCorp Developments secures 7.0 % of its outstanding shares held by insiders and 5.17 % owned by institutional investors. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check NioCorp Ownership Details

NioCorp Stock Price Odds Analysis

What are NioCorp Developments' target price odds to finish over the current price? Depending on a normal probability distribution, the odds of NioCorp Developments jumping above the current price in 90 days from now is close to 99%. The NioCorp Developments probability density function shows the probability of NioCorp Developments stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon the stock has a beta coefficient of 1.4849. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, NioCorp Developments will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. NioCorp Developments is significantly underperforming NYSE Composite.
  Odds Below 2.32HorizonTargetOdds Above 2.32
0.20%90 days
 2.32 
99.80%
Based on a normal probability distribution, the odds of NioCorp Developments to move above the current price in 90 days from now is close to 99 (This NioCorp Developments probability density function shows the probability of NioCorp Stock to fall within a particular range of prices over 90 days) .

NioCorp Developments Historical Income Statement

NioCorp Developments Income Statement is one of the three primary financial statements used for reporting NioCorp's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of NioCorp Developments revenue and expense. NioCorp Developments Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, NioCorp Developments' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Operating Expenses is expected to grow to about 46.4 M, whereas Consolidated Income is forecasted to decline to (37.2 M). View More Fundamentals

NioCorp Stock Against Markets

Picking the right benchmark for NioCorp Developments stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in NioCorp Developments stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for NioCorp Developments is critical whether you are bullish or bearish towards NioCorp Developments at a given time. Please also check how NioCorp Developments' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in NioCorp Developments without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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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.
Neal MBACFO SecretaryProfile

How to buy NioCorp Stock?

Before investing in NioCorp Developments, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in NioCorp Developments. To buy NioCorp Developments stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of NioCorp Developments. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase NioCorp Developments stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located NioCorp Developments stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased NioCorp Developments stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as NioCorp Developments, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy NioCorp Stock please use our How to Invest in NioCorp Developments guide.

Already Invested in NioCorp Developments?

The danger of trading NioCorp Developments is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of NioCorp Developments is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than NioCorp Developments. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile NioCorp Developments is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
For information on how to trade NioCorp Stock refer to our How to Trade NioCorp Stock guide.
Note that the NioCorp Developments information on this page should be used as a complementary analysis to other NioCorp Developments' 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 Anywhere module to track or share privately all of your investments from the convenience of any device.

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When running NioCorp Developments' price analysis, check to measure NioCorp Developments' 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 NioCorp Developments is operating at the current time. Most of NioCorp Developments' value examination focuses on studying past and present price action to predict the probability of NioCorp Developments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NioCorp Developments' price. Additionally, you may evaluate how the addition of NioCorp Developments to your portfolios can decrease your overall portfolio volatility.
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Is NioCorp Developments' 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 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
(1.29)
Return On Assets
(1.23)
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.