NioCorp Developments Ltd (NASDAQ:NB) shares, rose in value on Wednesday, April 16, with the stock price up by 31.14% to the previous day’s close as strong demand from buyers drove the stock to $3.79.
Actively observing the price movement in the last trading, the stock closed the session at $2.89, falling within a range of $3.3 and $4.1487. The value of beta (5-year monthly) was 0.045. Referring to stock’s 52-week performance, its high was $2.94, and the low was $1.27. On the whole, NB has fluctuated by 109.39% over the past month.
With the market capitalization of NioCorp Developments Ltd currently standing at about $165.51 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-06.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NB’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of NB currently trading nearly 73.97% and 74.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 83.22, while the 7-day volatility ratio is showing 17.92% which for the 30-day chart, stands at 13.29%. Furthermore, NioCorp Developments Ltd (NB)’s beta value is -0.22, and its average true range (ATR) is 0.36.
A comparison of NioCorp Developments Ltd (NB) with its peers suggests the former has fared considerably weaker in the market. NB showed an intraday change of 31.14% in last session, and over the past year, it grew by 32.06%%.
Data on historical trading for NioCorp Developments Ltd (NASDAQ:NB) indicates that the trading volumes over the past 10 days have averaged 2.58 and over the past 3 months, they’ve averaged 442.78K. According to company’s latest data on outstanding shares, there are 43.67 million shares outstanding.
Nearly 6.60% of NioCorp Developments Ltd’s shares belong to company insiders and institutional investors own 7.48% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.02 million shares as on 2025-03-31, resulting in a short ratio of 3.12. According to the data, the short interest in NioCorp Developments Ltd (NB) stood at 253.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 0.75 million. The stock has risen by 144.52% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NB stock heading into the next quarter.
