Novagold Resources Stock Buy Hold or Sell Recommendation
| NG Stock | USD 3.65 0.05 1.39% |
Allowing for the 90-day total investment horizon and complete risk avoidance on your part, our recommendation regarding NovaGold Resources is 'Strong Sell'. Macroaxis provides NovaGold Resources buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding NG positions.
Check out NovaGold Resources Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide. Note, we conduct extensive research on individual companies such as NovaGold and provide practical buy, sell, or hold advice based on investors' constraints. NovaGold Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
NovaGold |
Execute NovaGold Resources Buy or Sell Advice
The NovaGold recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on NovaGold Resources. Macroaxis does not own or have any residual interests in NovaGold Resources or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute NovaGold Resources' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Slightly risky | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very High | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
NovaGold Resources Trading Alerts and Improvement Suggestions
| NovaGold Resources generated a negative expected return over the last 90 days | |
| NovaGold Resources has high historical volatility and very poor performance | |
| NovaGold Resources has a very high chance of going through financial distress in the upcoming years | |
| Annual Net Loss to common stockholders was (46.8 M) with gross profit of 0. | |
| NovaGold Resources reports about 63.88 M in cash with (7.79 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 gurufocus.com: Exor N.V. Acquires Significant Stake in Novagold Resources Inc |
NovaGold Resources Returns Distribution Density
The distribution of NovaGold Resources' historical returns is an attempt to chart the uncertainty of NovaGold Resources' future price movements. The chart of the probability distribution of NovaGold Resources daily returns describes the distribution of returns around its average expected value. We use NovaGold Resources price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of NovaGold Resources returns is essential to provide solid investment advice for NovaGold Resources.
| Mean Return | -0.2 | Value At Risk | -5.49 | Potential Upside | 4.27 | Standard Deviation | 3.38 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of NovaGold Resources historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
NovaGold Resources Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (6.6M) | 30.2M | (27.2M) | (18.1M) | (16.3M) | (15.5M) | |
| Free Cash Flow | (75.7M) | (9.7M) | (12.4M) | (7.8M) | (9.0M) | (9.4M) | |
| Capital Expenditures | 65.7M | 200K | 2.1M | 556K | 639.4K | 607.4K | |
| Net Income | (33.6M) | (40.5M) | (53.3M) | (46.8M) | (42.1M) | (44.2M) | |
| End Period Cash Flow | 60.9M | 91.1M | 63.9M | 45.7M | 52.6M | 56.7M | |
| Other Non Cash Items | 2.7M | 4.3M | 34.0M | 30.3M | 34.8M | 36.6M | |
| Depreciation | 14.7M | 938K | 856K | 1.1M | 1.3M | 1.2M | |
| Investments | 4.7M | (34.8M) | (160.4M) | (10.3M) | (9.3M) | (9.8M) | |
| Change To Netincome | 24.5M | 27.4M | 28.9M | 44.1M | 50.7M | 53.2M |
NovaGold Resources Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to NovaGold Resources or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that NovaGold Resources' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a NovaGold stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.32 | |
β | Beta against Dow Jones | 0.88 | |
σ | Overall volatility | 3.40 | |
Ir | Information ratio | -0.1 |
NovaGold Resources Volatility Alert
NovaGold Resources exhibits very low volatility with skewness of -0.51 and kurtosis of 3.56. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure NovaGold Resources' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact NovaGold Resources' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.NovaGold Resources Fundamentals Vs Peers
Comparing NovaGold Resources' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze NovaGold Resources' direct or indirect competition across all of the common fundamentals between NovaGold Resources and the related equities. This way, we can detect undervalued stocks with similar characteristics as NovaGold Resources or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of NovaGold Resources' fundamental indicators could also be used in its relative valuation, which is a method of valuing NovaGold Resources by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare NovaGold Resources to competition |
| Fundamentals | NovaGold Resources | Peer Average |
| Return On Equity | -17.91 | -0.31 |
| Return On Asset | -0.12 | -0.14 |
| Current Valuation | 1.25 B | 16.62 B |
| Shares Outstanding | 334.57 M | 571.82 M |
| Shares Owned By Insiders | 26.46 % | 10.09 % |
| Shares Owned By Institutions | 58.27 % | 39.21 % |
| Number Of Shares Shorted | 8.78 M | 4.71 M |
| Price To Earning | (37.59) X | 28.72 X |
| Price To Book | 25,838 X | 9.51 X |
| EBITDA | (40.31 M) | 3.9 B |
| Net Income | (46.8 M) | 570.98 M |
| Cash And Equivalents | 63.88 M | 2.7 B |
| Cash Per Share | 0.40 X | 5.01 X |
| Total Debt | 137.55 M | 5.32 B |
| Debt To Equity | 2.99 % | 48.70 % |
| Current Ratio | 45.44 X | 2.16 X |
| Book Value Per Share | (0.11) X | 1.93 K |
| Cash Flow From Operations | (7.79 M) | 971.22 M |
| Short Ratio | 8.80 X | 4.00 X |
| Earnings Per Share | (0.14) X | 3.12 X |
| Target Price | 7.5 | |
| Number Of Employees | 13 | 18.84 K |
| Beta | 1.1 | -0.15 |
| Market Capitalization | 1.11 B | 19.03 B |
| Total Asset | 133.29 M | 29.47 B |
| Retained Earnings | (2.06 B) | 9.33 B |
| Working Capital | 123.31 M | 1.48 B |
| Current Asset | 107.34 M | 9.34 B |
| Current Liabilities | 3.05 M | 7.9 B |
| Net Asset | 133.29 M |
Note: Acquisition by Gregory Lang of 759 shares of NovaGold Resources at 3.45 subject to Rule 16b-3 [view details]
NovaGold Resources Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as NovaGold . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About NovaGold Resources Buy or Sell Advice
When is the right time to buy or sell NovaGold Resources? Buying financial instruments such as NovaGold Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having NovaGold Resources in your portfolios, you can quickly 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 investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out NovaGold Resources Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Is 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 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 (0.12) | 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.