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Northern Dynasty Minerals Ltd. (AMEX: NAK) Stock: Bulls Need To See This

Northern Dynasty Minerals Ltd. (AMEX:NAK) price is hovering lower on Tuesday, September 19, dropping -7.53% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $0.40, with intraday deals fluctuating between $0.38 and $0.43. The company’s 5Y monthly beta was ticking 1.23. Taking into account the 52-week price action we note that the stock hit a 52-week high of $0.43 and 52-week low of $0.20. The stock added 42.38% on its value in the past month.

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Northern Dynasty Minerals Ltd., which has a market valuation of $170.46 million, is expected to release its quarterly earnings report Nov 13, 2023 – Nov 17, 2023.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give NAK a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 2 analysts have assigned NAK a recommendation rating as follows: 0 rate it as a Hold; 2 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Northern Dynasty Minerals Ltd. (NAK) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that NAK’s price is at present 25.79% off the SMA20 and 33.78% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 65.50, with weekly volatility standing at 14.39%. The indicator jumps to 7.68% when calculated based on the past 30 days. Northern Dynasty Minerals Ltd. (AMEX:NAK)’s beta value is holding at 1.09, while the average true range (ATR) indicator is currently reading 0.03. Considering analysts have assigned the stock a price target range of $0.90-$0.90 as the low and high respectively, we find the trailing 12-month average consensus price target to be $0.90. Based on this estimate, we see that today’s price at last check is roughly -143.24% off the estimated low and -143.24% off the forecast high. Investors will no doubt be excited to see the share price fall to $0.90, which is the median consensus price, and at that level NAK would be -143.24% from recent price.

Turning out attention to how the Northern Dynasty Minerals Ltd. stock has performed in comparison to its peers in the industry, here’s what we find: NAK’s stock is -7.53% on the day and 42.93% in the past 12 months. Another comparison is with NovaGold Resources Inc. (NG) whose stock price is down -0.61% in the current trading session, and has flourished -8.20% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -0.44% in today’s early trading, with the Dow Jones Industrial also seeing a negative session so far with -0.48%.

An analysis of the Northern Dynasty Minerals Ltd. (AMEX:NAK) stock in terms of its daily trading volume indicates that the 3-month average is 1.43 million. However, this figure increases on the past 10-day timeline to an average of 2.83 million.

Current records show that the company has 529.78M in outstanding shares. The insiders’ percentage holdings are 37.40% of outstanding shares while the percentage share held by institutions stands at 17.90%. The stats also highlight that short interest as of Aug 30, 2023, stood at 6.99 million shares, which puts the short ratio at the time at 7.4. From this we can glean that short interest is 1.32% of company’s current outstanding shares. Notably, we see that shares short in August fall slightly given the previous month’s figure stood at 7.8 million. But the 67.53% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.