Novagold Resources Stock Performance
| NG Stock | CAD 4.85 0.05 1.02% |
NovaGold Resources has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.8, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NovaGold Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding NovaGold Resources is expected to be smaller as well. NovaGold Resources right now secures a risk of 2.96%. Please verify NovaGold Resources downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to decide if NovaGold Resources will be following its current price movements.
Risk-Adjusted Performance
Weak
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in NovaGold Resources are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, NovaGold Resources is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
Last Split Factor 1:10 | Ex Dividend Date 1999-06-28 | Last Split Date 1997-12-17 |
1 | NOVAGOLD to Announce 2024 Year-End Results and Donlin Gold Update - TipRanks | 01/09/2025 |
2 | NovaGold Resources Shares Pass Above 200-Day Moving Average - Heres What Happened - MarketBeat | 02/10/2025 |
3 | Principal Financial Group Inc. Reduces Position in NovaGold Resources Inc. - Defense World | 03/10/2025 |
4 | With 74 percent ownership, NovaGold Resources Inc. boasts of strong institutional backing - Yahoo Finance | 03/20/2025 |
| Begin Period Cash Flow | 45.7 M |
NovaGold |
NovaGold Resources Relative Risk vs. Return Landscape
If you would invest 469.00 in NovaGold Resources on December 23, 2024 and sell it today you would earn a total of 16.00 from holding NovaGold Resources or generate 3.41% return on investment over 90 days. NovaGold Resources is currently producing 0.0976% returns and takes up 2.9588% volatility of returns over 90 trading days. Put another way, 26% of traded stocks are less volatile than NovaGold, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
NovaGold Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NovaGold Resources' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NovaGold Resources, and traders can use it to determine the average amount a NovaGold Resources' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.033
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Estimated Market Risk
| 2.96 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.1 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average NovaGold Resources is performing at about 2% of its full potential. 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 it to a well-diversified portfolio.
NovaGold Resources Fundamentals Growth
NovaGold Stock prices reflect investors' perceptions of the future prospects and financial health of NovaGold Resources, and NovaGold Resources fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on NovaGold Stock performance.
| Return On Equity | -17.91 | ||||
| Return On Asset | -0.13 | ||||
| Current Valuation | 1.7 B | ||||
| Shares Outstanding | 334.65 M | ||||
| Price To Earning | (48.33) X | ||||
| Price To Book | 25,740 X | ||||
| EBITDA | (24.91 M) | ||||
| Net Income | (45.62 M) | ||||
| Cash And Equivalents | 63.88 M | ||||
| Cash Per Share | 0.38 X | ||||
| Total Debt | 157.17 M | ||||
| Debt To Equity | 0.94 % | ||||
| Current Ratio | 63.25 X | ||||
| Book Value Per Share | (0.14) X | ||||
| Cash Flow From Operations | (12.64 M) | ||||
| Earnings Per Share | (0.20) X | ||||
| Market Capitalization | 1.62 B | ||||
| Total Asset | 109.75 M | ||||
| Retained Earnings | (2.1 B) | ||||
| Working Capital | 98.27 M | ||||
| Current Asset | 107.34 M | ||||
| Current Liabilities | 3.05 M | ||||
About NovaGold Resources Performance
By examining NovaGold Resources' fundamental ratios, stakeholders can obtain critical insights into NovaGold Resources' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that NovaGold Resources is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | (3.80) | (3.61) | |
| Return On Tangible Assets | (0.48) | (0.45) | |
| Return On Capital Employed | (0.32) | (0.31) | |
| Return On Assets | (0.48) | (0.45) | |
| Return On Equity | 1.11 | 0.76 |
Things to note about NovaGold Resources performance evaluation
Checking the ongoing alerts about NovaGold Resources for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NovaGold Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NovaGold Resources has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (45.62 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| NovaGold Resources has accumulated about 63.88 M in cash with (12.64 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.38. | |
| Roughly 60.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: With 74 percent ownership, NovaGold Resources Inc. boasts of strong institutional backing - Yahoo Finance |
- Analyzing NovaGold Resources' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether NovaGold Resources' stock is overvalued or undervalued compared to its peers.
- Examining NovaGold Resources' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating NovaGold Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of NovaGold Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NovaGold Resources' stock. These opinions can provide insight into NovaGold Resources' potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NovaGold Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.