Novagold Resources Stock Price on July 26, 2024

NG Stock  CAD 5.07  0.37  6.80%   
Below is the normalized historical share price chart for NovaGold Resources extending back to June 26, 1987. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of NovaGold Resources stands at 5.07, as last reported on the 13th of December 2024, with the highest price reaching 5.33 and the lowest price hitting 5.06 during the day.
200 Day MA
4.9379
50 Day MA
4.9654
Beta
1.097
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in NovaGold Stock, it is important to understand the factors that can impact its price. NovaGold Resources has Sharpe Ratio of -0.0536, which conveys that the firm had a -0.0536% return per unit of risk over the last 3 months. NovaGold Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NovaGold Resources' Mean Deviation of 2.5, risk adjusted performance of 2.0E-4, and Standard Deviation of 3.5 to check out the risk estimate we provide.
  
As of the 13th of December 2024, Total Stockholder Equity is likely to grow to about (9 M). In addition to that, Common Stock Shares Outstanding is likely to drop to about 200.8 M. At this time, NovaGold Resources' Price To Sales Ratio is very stable compared to the past year. As of the 13th of December 2024, Price Earnings To Growth Ratio is likely to grow to 2.90, while Price Earnings Ratio is likely to drop (28.33). NovaGold Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0536

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Estimated Market Risk

 3.28
  actual daily
29
71% of assets are more volatile

Expected Return

 -0.18
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.05
  actual daily
0
Most of other assets perform better
Based on monthly moving average NovaGold Resources is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NovaGold Resources by adding NovaGold Resources to a well-diversified portfolio.
Price Book
25.7 K
Book Value
(0.11)
Enterprise Value
1.9 B
Enterprise Value Ebitda
(54.97)
Shares Float
218.9 M

NovaGold Resources Main Headline on 26th of July 2024

NovaGold Resources Stock Rating Lowered by National Bank Financial MarketBeat

NovaGold Resources Valuation on July 26, 2024

It is possible to determine the worth of NovaGold Resources on a given historical date. On July 26, 2024 NovaGold was worth 6.36 at the beginning of the trading date compared to the closed value of 6.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NovaGold Resources stock. Still, in general, we apply an absolute valuation method to find NovaGold Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of NovaGold Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NovaGold Resources' related companies.
 Open High Low Close Volume
  6.14    6.31    6.07    6.28    411,835  
07/26/2024
  6.36    6.59    6.32    6.55    237,487  
  6.61    6.61    6.43    6.56    233,617  
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Open Value
6.36
6.55
Closing Value
16.19
Upside

NovaGold Resources Trading Date Momentum on July 26, 2024

On July 29 2024 NovaGold Resources was traded for  6.56  at the closing time. The highest daily price throughout the period was 6.61  and the lowest price was  6.43 . The daily volume was 233.6 K. The net trading volume on 07/29/2024 added to the next day price boost. The trading delta at closing time to closing price of the next trading day was 0.15% . The trading delta at closing time to current closing price is 9.77% .

NovaGold Resources Fundamentals Correlations and Trends

By evaluating NovaGold Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among NovaGold Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NovaGold financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About NovaGold Resources Stock history

NovaGold Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for NovaGold is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NovaGold Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing NovaGold Resources stock prices may prove useful in developing a viable investing in NovaGold Resources
Last ReportedProjected for Next Year
Common Stock Shares Outstanding384.2 M200.8 M
Net Loss-48 M-50.4 M

NovaGold Resources Quarterly Net Working Capital

103.52 Million

NovaGold Resources Stock Technical Analysis

NovaGold Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of NovaGold Resources technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NovaGold Resources trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

NovaGold Resources Period Price Range

Low
December 13, 2024
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High

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NovaGold Resources cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

NovaGold Resources December 13, 2024 Market Strength

Market strength indicators help investors to 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 undertsting and applying NovaGold Resources stock market strength indicators, traders can identify NovaGold Resources entry and exit signals to maximize returns

NovaGold Resources Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for NovaGold Resources' price direction in advance. Along with the technical and fundamental analysis of NovaGold Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NovaGold to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether NovaGold Resources is a strong investment it is important to analyze NovaGold Resources' 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 NovaGold Resources' future performance. For an informed investment choice regarding NovaGold Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 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 estimate.
To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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.