Novagold Resources Stock Price on October 2, 2023
| NG Stock | USD 3.51 0.05 1.45% |
Below is the normalized historical share price chart for NovaGold Resources extending back to December 02, 2003. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of NovaGold Resources stands at 3.51, as last reported on the 11th of December 2024, with the highest price reaching 3.56 and the lowest price hitting 3.47 during the day.
If you're considering investing in NovaGold Stock, it is important to understand the factors that can impact its price. NovaGold Resources has Sharpe Ratio of -0.0989, which conveys that the firm had a -0.0989% return per unit of risk over the last 3 months. NovaGold Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NovaGold Resources' Risk Adjusted Performance of 0.001, standard deviation of 3.36, and Mean Deviation of 2.41 to check out the risk estimate we provide.
The NovaGold Resources' current Common Stock Total Equity is estimated to increase to about 2.4 B, while Total Stockholder Equity is forecasted to increase to (9 M). . At this time, NovaGold Resources' Price Sales Ratio is most likely to increase significantly in the upcoming years. NovaGold Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 4th of December 2003 | 200 Day MA 3.4952 | 50 Day MA 3.791 | Beta 1.097 |
NovaGold |
Sharpe Ratio = -0.0989
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NG |
Estimated Market Risk
| 3.09 actual daily | 27 73% of assets are more volatile |
Expected Return
| -0.31 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NovaGold Resources is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NovaGold Resources by adding NovaGold Resources to a well-diversified portfolio.
Price Book 25.8 K | Book Value (0.11) | Enterprise Value 1.2 B | Enterprise Value Ebitda (40.37) | Shares Float 218.9 M |
NovaGold Resources Valuation on October 2, 2023
It is possible to determine the worth of NovaGold Resources on a given historical date. On October 2, 2023 NovaGold was worth 3.82 at the beginning of the trading date compared to the closed value of 3.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NovaGold Resources stock. Still, in general, we apply an absolute valuation method to find NovaGold Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of NovaGold Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NovaGold Resources' related companies.
| Open | High | Low | Close | Volume | |
| 4.00 | 4.03 | 3.78 | 3.84 | 1,650,781 | |
10/02/2023 | 3.82 | 3.82 | 3.46 | 3.55 | 2,169,538 |
| 3.54 | 3.59 | 3.45 | 3.52 | 1,607,440 |
| Backtest NovaGold Resources | | | NovaGold Resources History | | | NovaGold Resources Valuation | Previous | Next |
NovaGold Resources Trading Date Momentum on October 2, 2023
| On October 03 2023 NovaGold Resources was traded for 3.52 at the closing time. The highest price during the trading period was 3.59 and the lowest recorded bid was listed for 3.45 . The volume for the day was 1.6 M. This history from October 3, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.85% . The trading delta at closing time to the current price is 7.04% . |
NovaGold Resources Fundamentals Correlations and Trends
By evaluating NovaGold Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among NovaGold Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NovaGold financial account trend analysis is a perfect complement when working with valuation or volatility modules.About NovaGold Resources Stock history
NovaGold Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for NovaGold is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NovaGold Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing NovaGold Resources stock prices may prove useful in developing a viable investing in NovaGold Resources
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 384.2 M | 200.8 M | |
| Net Loss | -48 M | -45.6 M |
NovaGold Resources Quarterly Net Working Capital |
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NovaGold Resources Stock Technical Analysis
NovaGold Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
NovaGold Resources Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
NovaGold Resources cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE MKT Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
NovaGold Resources December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how NovaGold Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NovaGold Resources shares will generate the highest return on investment. By undertsting and applying NovaGold Resources stock market strength indicators, traders can identify NovaGold Resources entry and exit signals to maximize returns
NovaGold Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NovaGold Resources' price direction in advance. Along with the technical and fundamental analysis of NovaGold Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NovaGold to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.001 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (0.16) |
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| Volume Indicators |
Complementary Tools for NovaGold Stock analysis
When running NovaGold Resources' price analysis, check to measure NovaGold Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NovaGold Resources is operating at the current time. Most of NovaGold Resources' value examination focuses on studying past and present price action to predict the probability of NovaGold Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NovaGold Resources' price. Additionally, you may evaluate how the addition of NovaGold Resources to your portfolios can decrease your overall portfolio volatility.
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