NioCorp Developments Ltd (NASDAQ:NB) price on Friday, May 02, fall -2.12% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.31.
A look at the stock’s price movement, the close in the last trading session was $2.36, moving within a range at $2.25 and $2.43. The beta value (5-Year monthly) was 0.045. Turning to its 52-week performance, $4.15 and $1.27 were the 52-week high and 52-week low respectively. Overall, NB moved 13.79% over the past month.
NioCorp Developments Ltd’s market cap currently stands at around $124.44 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-06.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NB 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.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend NB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NB’s current price about -7.86% and 4.70% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.29, while 7-day volatility ratio is 9.19% and 14.84% in the 30-day chart. Further, NioCorp Developments Ltd (NB) has a beta value of -0.09, and an average true range (ATR) of 0.34.
If we refocus on NioCorp Developments Ltd (NASDAQ:NB), historical trading data shows that trading volumes averaged 1.43 over the past 10 days and 981.04K over the past 3 months. The company’s latest data on shares outstanding shows there are 43.67 million shares.
The 6.60% of NioCorp Developments Ltd’s shares are in the hands of company insiders while institutional holders own 7.48% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.97 million on 2025-04-15, giving us a short ratio of 3.23. The data shows that as of 2025-04-15 short interest in NioCorp Developments Ltd (NB) stood at 451.00003 of shares outstanding, with shares short rising to 1.02 million registered in 2025-03-14. Current price change has pushed the stock 49.03% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NB stock continues to rise going into the next quarter.
