Novagold Stock Analysis

NG
 Stock
  

USD 5.64  0.19  3.49%   

The latest price surge of Novagold Resources may encourage shareholders to take a closer look at the firm as it is trading at a share price of 5.64 on 1,067,467 in trading volume. The company executives may have good odds in positioning the firm resources to exploit market volatility in December. The stock standard deviation of daily returns for 90 days investing horizon is currently 3.63. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Novagold Resources partners.
Additionally, see Correlation Analysis.
  
The Novagold Resources stock analysis report makes it easy to digest most publicly released information about Novagold Resources and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Novagold Stock analysis module also helps to analyze the Novagold Resources price relationship with some important fundamental indicators such as market cap and management efficiency.

Novagold Stock Analysis Notes

About 27.0% of the company outstanding shares are owned by corporate insiders. The company recorded a loss per share of 0.13. 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 866 669 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 has very high historical volatility over the last 90 days
The company generated the yearly revenue of 599 K. Annual Net Loss to common stockholders was (51.36 M) with gross profit of 1.56 M.
Novagold Resources reports about 131.93 M in cash with (11.69 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.4.
Roughly 58.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: Positive Vibes for TSX - Baystreet.ca

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.
Upcoming Quarterly Report26th of January 2022
Next Financial Report30th of March 2022
Next Fiscal Quarter End30th of November 2021
Next Fiscal Year End26th of January 2022
Last Quarter Report31st of August 2021
Last Financial Announcement30th of November 2020

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
2004-08-31-0.01-0.00370.006363 
2022-06-29
2022-05-31-0.03-0.04-0.0133 
2022-01-26
2021-11-30-0.04-0.030.0125 
View All Earnings Estimates

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.
Gold and Gold Mining
Stocks, funds, and ETFs that are involved in producing or trading gold across different geographical areas

Novagold Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Novagold Resources is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Novagold Resources backward and forwards among themselves. Novagold Resources' institutional investor refers to the entity that pools money to purchase Novagold Resources' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares25.7 K122 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares25.7 K198 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares25.7 K173 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares25.7 K177 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares25.7 K208 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares29.3 K256 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares29.3 K284 K
Note, although Novagold Resources' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Novagold Market Capitalization

The company currently falls under 'Mid-Cap' category with market capitalization of 1.92 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 these looking for more risk prefer small-cap and mid-cap equities.

Management Efficiency

The entity has Return on Asset (ROA) of (6.89) % which means that for every 100 dollars spent on asset, it generated loss of $6.89. This is way below average. Likewise, it shows return on total equity (ROE) of (80.37) %, 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.

Technical Drivers

As of the 29th of November, Novagold Resources secures the Downside Deviation of 3.62, risk adjusted performance of 0.0549, and Mean Deviation of 2.87. 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 nineteen technical drivers for Novagold Resources, which can be compared to its peers in the industry. Please verify Novagold Resources jensen alpha, potential upside, as well as the relationship between the Potential Upside and skewness to decide if Novagold Resources is priced some-what accurately, providing market reflects its recent price of 5.64 per share. Given that Novagold Resources has jensen alpha of 0.0798, 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

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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 Forecast Models

Novagold Resources time-series forecasting models is one of many Novagold Resources' stock analysis techniquest aimed to predict 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.
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.

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 PriceAdvice# of Analysts
28.0Strong Buy1Odds
Novagold Resources current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
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 Analyst Advice Details

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.
Quick Ratio38.36
Fifty Two Week Low4.06
Shares Short Prior Month9.25M
Average Daily Volume Last 10 Day1.27M
Average Daily Volume In Three Month1.45M
Shares Percent Shares Out2.82%
Short Percent Of Float5.87%
Forward Price Earnings-47.67
Float Shares216.99M
Fifty Two Week High8.36
Enterprise Value To Ebitda-92.91
Fifty Day Average4.85
Two Hundred Day Average5.68
Additionally, see Correlation Analysis. 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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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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 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.
Market Capitalization
1.8 B
Return On Assets
(0.07) 
Return On Equity
(0.80) 
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 Novagold Resources value 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.