Novagold Resources Inc (AMEX:NG) shares, rose in value, with the stock price up by 1.80% to the previous day’s close as strong demand from buyers drove the stock to $3.12.
Actively observing the price movement in the recent trading, the stock is buoying the session at $3.06, falling within a range of $3.0388 and $3.15. The value of beta (5-year monthly) is 1.099. Referring to stock’s 52-week performance, its high was $4.88, and the low was $2.70. On the whole, NG has fluctuated by 2.81% over the past month.
With the market capitalization of Novagold Resources Inc currently standing at about $1.04 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-22.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NG’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of NG currently trading nearly -4.76% and -2.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.27, while the 7-day volatility ratio is showing 5.71% which for the 30-day chart, stands at 5.35%. Furthermore, Novagold Resources Inc (NG)’s beta value is 1.09, and its average true range (ATR) is 0.17.
A comparison of Novagold Resources Inc (NG) with its peers suggests the former has fared considerably weaker in the market. NG showed an intraday change of 1.80% in today’s session so far, and over the past year, it grew by 21.21%%.
Data on historical trading for Novagold Resources Inc (AMEX:NG) indicates that the trading volumes over the past 10 days have averaged 2.44 and over the past 3 months, they’ve averaged 2.12 million. According to company’s latest data on outstanding shares, there are 334.57 million shares outstanding.
Nearly 26.87% of Novagold Resources Inc’s shares belong to company insiders and institutional investors own 58.71% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.47 million shares as on 2025-03-14, resulting in a short ratio of 3.79. According to the data, the short interest in Novagold Resources Inc (NG) stood at 344.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 8.68 million. The stock has fallen by -6.46% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NG stock heading into the next quarter.
