The trading price of Northern Dynasty Minerals Ltd (AMEX:NAK) closed higher on Monday, November 18, and closing at $0.49, 7.81% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.4571 and $0.5105. In examining the 52-week price action we see that the stock hit a 52-week high of $0.56 and a 52-week low of $0.23. Over the past month, the stock has gained 21.09% in value.
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Northern Dynasty Minerals Ltd, whose market valuation is $367.92 million at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.01 per share this quarter, however they have predicted annual earnings per share of -0.04 for current year and -0.04 for next year.
On the technical side, indicators suggest NAK has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that NAK’s price is currently 10.33% off the SMA20 and 25.92% off the SMA50. The RSI metric on the 14-day chart is currently showing 61.86, and weekly volatility stands at 8.70%. When measured over the past 30 days, the indicator reaches 8.93%. Northern Dynasty Minerals Ltd (AMEX:NAK)’s beta value is currently sitting at 0.54, while the Average True Range indicator is currently displaying 0.04. With analysts defining $1.3-$1.3 as the low and high price targets, we arrive at a consensus price target of $1.3 for the trailing 12-month period. The current price is about -165.31% off the estimated low and -165.31% off the forecast high, based on this estimate. Investors will be thrilled if NAK’s share price rises to $1.3, which is the median consensus price. At that level, NAK’s share price would be -165.31% below current price.
To see how Northern Dynasty Minerals Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: NAK stock’s performance was 7.81% in the latest trading, and 36.07% in the past year.
An evaluation of the daily trading volume of Northern Dynasty Minerals Ltd (AMEX:NAK) indicates that the 3-month average is 1.82 million. However, this figure has increased over the past 10 days to an average of 4.73.
Currently, records show that 538.48 million of the company’s shares remain outstanding. The insiders hold 1.96% of outstanding shares, whereas institutions hold 12.76%. The stats also highlight that short interest as of 2024-10-31, stood at 5.56 million shares, resulting in a short ratio of 2.89 at that time. From this, we can conclude that short interest is 118.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 5.87 million. However, since the stock’s price has seen 50.76% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
