Northern Dynasty Minerals Ltd (AMEX:NAK) price on current trading day, fall -0.35% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.71.
A look at the stock’s price movement, the close in the last trading session was $0.71, moving within a range at $0.6921 and $0.718. The beta value (5-Year monthly) was 0.896. Turning to its 52-week performance, $0.78 and $0.27 were the 52-week high and 52-week low respectively. Overall, NAK moved -0.63% over the past month.
Northern Dynasty Minerals Ltd’s market cap currently stands at around $379.31 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-13.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NAK is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
NAK’s current price about 5.19% and 4.31% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.88, while 7-day volatility ratio is 5.27% and 7.41% in the 30-day chart. Further, Northern Dynasty Minerals Ltd (NAK) has a beta value of 0.37, and an average true range (ATR) of 0.05. Analysts have given the company’s stock an average 52-week price target of $1.3, forecast between a low of $1.3 and high of $1.3. Looking at the price targets, the low is -83.1% off current price level while to achieve the yearly target high, price needs to move -83.1%. Nonetheless, investors will most likely welcome a -83.1% jump to $1.3 which is the analysts’ median price.
If we refocus on Northern Dynasty Minerals Ltd (AMEX:NAK), historical trading data shows that trading volumes averaged 3.57 over the past 10 days and 4.15 million over the past 3 months. The company’s latest data on shares outstanding shows there are 537.72 million shares.
The 1.99% of Northern Dynasty Minerals Ltd’s shares are in the hands of company insiders while institutional holders own 11.82% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.13 million on 2025-02-28, giving us a short ratio of 1.76. The data shows that as of 2025-02-28 short interest in Northern Dynasty Minerals Ltd (NAK) stood at 129.99999 of shares outstanding, with shares short falling to 7.42 million registered in 2025-01-31. Current price change has pushed the stock 21.31% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NAK stock continues to rise going into the next quarter.
