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Tuesday, March 21, 2023

Insights Into NovaGold Resources Inc. (NG) Exposure By Institutions

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for NovaGold Resources Inc. (NG) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $5.66. The NovaGold Resources Inc. has recorded 9,785 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that NOVAGOLD Reports Fiscal Year 2022 Financial Results.

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Stocks Info

NG belongs to the Basic Materials sector of the AMEX while operating in the Gold industry. At the end of the last regular session, the stock closed at $5.66 and fluctuated between $5.80 as its day high and $5.61 as its day low. The current market capitalization of NovaGold Resources Inc. is $2.53B. A total of 0.67 million shares were traded on the day, compared to an average of 1.05M shares.

In the most recent transaction, Walsh Anthony P. sold 12,479 shares of NG for 6.27 per share on Jan 31. After the transaction, the Director now owns 41,751 company shares. In a previous transaction on Dec 07, Ottewell David A. sold 71,186 shares at 5.96 per share. NG shares that Vice President & CFO owns now total 789,531.

Among the insiders who sold shares, Ottewell David A. disposed of 57,592 shares on Dec 06 at a per-share price of $5.97. This resulted in the Vice President & CFO holding 789,531 shares of NG after the transaction. In another insider transaction, Walsh Anthony P. sold 11,896 shares at $6.01 per share on Dec 02. Company shares held by the Director now total 41,751.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for NG in the last 3 months, the mean price target is $8.41 with high estimates of $10.00 and low estimates of $7.00. In terms of 52-week highs and lows, NG has a high of $8.36 and a low of $4.06.

As of this writing, NG has an earnings estimate of -$0.03 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.04. The company reported an EPS of -$0.05 in the last quarter, which was -66.70% lower than expectations of -$0.03.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NG is Buy with a score of 5.00. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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