Novagold Resources Stock Buy Hold or Sell Recommendation

NG Stock  USD 2.76  0.05  1.85%   
Allowing for the 90-day total investment horizon and your above-average risk tolerance, our recommendation regarding NovaGold Resources is 'Sell'. Macroaxis provides NovaGold Resources buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding NG positions. The advice algorithm takes into account all of NovaGold Resources' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting NovaGold Resources' buy or sell advice are summarized below:
Real Value
4.44
Target Price
9.67
Hype Value
2.75
Market Value
2.76
Naive Value
2.73
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell NovaGold Resources given historical horizon and risk tolerance towards NovaGold Resources. When Macroaxis issues a 'buy' or 'sell' recommendation for NovaGold Resources, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out NovaGold Resources Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.
In addition, we conduct extensive research on individual companies such as NovaGold and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards NovaGold Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

Execute NovaGold Resources Buy or Sell Advice

The NovaGold recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on NovaGold Resources. Macroaxis does not own or have any residual interests in NovaGold Resources or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute NovaGold Resources' advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell NovaGold ResourcesBuy NovaGold Resources
Sell

Market Performance

Very WeakDetails

Volatility

Moderately volatileDetails

Hype Condition

Over hypedDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

HighDetails

Economic Sensitivity

Actively responds to the marketDetails

Investor Sentiment

InterestedDetails

Analyst Consensus

BuyDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon NovaGold Resources has a Mean Deviation of 2.64, Standard Deviation of 3.45 and Variance of 11.91
We provide investment recommendation to complement the last-minute expert consensus on NovaGold Resources. Our dynamic recommendation engine harnesses a multidimensional algorithm to analyze the entity's potential to grow using all technical and fundamental data available at the time. To make sure NovaGold Resources is not overpriced, please verify all NovaGold Resources fundamentals, including its total debt, number of employees, z score, as well as the relationship between the cash flow from operations and retained earnings . Please also check out NovaGold Resources price to earning to check your buy or sell decision is consistent with all fundamental data available and that the company can sustain itself in the current economic cycle.

NovaGold Resources Trading Alerts and Improvement Suggestions

NovaGold Resources generated a negative expected return over the last 90 days
NovaGold Resources has high historical volatility and very poor performance
NovaGold Resources has high likelihood to experience some financial distress in the next 2 years
Annual Net Loss to common stockholders was (46.8 M) with gross profit of 0.
NovaGold Resources reports about 63.88 M in cash with (7.79 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.4.
Roughly 58.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: NovaGold Resources Inc Stock Is Higher By 2.67 percent This Week Buy, Hold, or Sell - InvestorsObserver

NovaGold Resources Returns Distribution Density

The distribution of NovaGold Resources' historical returns is an attempt to chart the uncertainty of NovaGold Resources' future price movements. The chart of the probability distribution of NovaGold Resources daily returns describes the distribution of returns around its average expected value. We use NovaGold Resources price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of NovaGold Resources returns is essential to provide solid investment advice for NovaGold Resources.
Mean Return
-0.33
Value At Risk
-6.32
Potential Upside
5.45
Standard Deviation
3.45
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of NovaGold Resources historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

NovaGold Resources Cash Flow Accounts

201920202021202220232024 (projected)
Change In Cash(6.6M)30.2M(27.2M)(18.1M)(16.3M)(15.5M)
Free Cash Flow(75.7M)(9.7M)(12.4M)(7.2M)(8.3M)(8.7M)
Capital Expenditures65.7M200K2.1M556K639.4K607.4K
Net Income(33.6M)(40.5M)(53.3M)(46.8M)(42.1M)(44.2M)
End Period Cash Flow60.9M91.1M63.9M45.7M52.6M56.7M
Other Non Cash Items2.7M4.3M34.0M13.1M15.0M16.7M
Depreciation14.7M938K856K1.1M1.3M1.2M
Investments4.7M(34.8M)(160.4M)(10.3M)(9.3M)(9.8M)
Change To Netincome24.5M27.4M28.9M44.1M50.7M53.2M

NovaGold Resources Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to NovaGold Resources or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that NovaGold Resources' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a NovaGold stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
-0.57
β
Beta against NYSE Composite1.81
σ
Overall volatility
3.52
Ir
Information ratio -0.14

NovaGold Resources Volatility Alert

NovaGold Resources exhibits very low volatility with skewness of -0.09 and kurtosis of -0.25. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure NovaGold Resources' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact NovaGold Resources' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

NovaGold Resources Fundamentals Vs Peers

Comparing NovaGold Resources' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze NovaGold Resources' direct or indirect competition across all of the common fundamentals between NovaGold Resources and the related equities. This way, we can detect undervalued stocks with similar characteristics as NovaGold Resources or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of NovaGold Resources' fundamental indicators could also be used in its relative valuation, which is a method of valuing NovaGold Resources by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare NovaGold Resources to competition
FundamentalsNovaGold ResourcesPeer Average
Return On Equity-4.32-0.31
Return On Asset-0.0931-0.14
Current Valuation908.35 M16.62 B
Shares Outstanding334.37 M571.82 M
Shares Owned By Insiders26.53 %10.09 %
Shares Owned By Institutions58.35 %39.21 %
Number Of Shares Shorted10.07 M4.71 M
Price To Earning(37.59) X28.72 X
Price To Book25,838 X9.51 X
EBITDA(40.31 M)3.9 B
Net Income(46.8 M)570.98 M
Cash And Equivalents63.88 M2.7 B
Cash Per Share0.40 X5.01 X
Total Debt137.55 M5.32 B
Debt To Equity2.99 %48.70 %
Current Ratio45.44 X2.16 X
Book Value Per Share(0.03) X1.93 K
Cash Flow From Operations(7.79 M)971.22 M
Short Ratio4.28 X4.00 X
Earnings Per Share(0.14) X3.12 X
Target Price8.5
Number Of Employees1318.84 K
Beta0.82-0.15
Market Capitalization906.15 M19.03 B
Total Asset133.29 M29.47 B
Retained Earnings(2.06 B)9.33 B
Working Capital123.31 M1.48 B
Current Asset107.34 M9.34 B
Current Liabilities3.05 M7.9 B
Z Score-17.568.72
Net Asset133.29 M
Note: Acquisition by David Ottewell of 138100 shares of NovaGold Resources subject to Rule 16b-3 [view details]

NovaGold Resources Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as NovaGold . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About NovaGold Resources Buy or Sell Advice

When is the right time to buy or sell NovaGold Resources? Buying financial instruments such as NovaGold Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total124.6M137.5M158.2M166.1M
Total Assets159.2M133.3M153.3M145.6M

Use Investing Ideas to Build Portfolios

In addition to having NovaGold Resources in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Utilities ETFs
Utilities ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Utilities ETFs theme has 13 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Utilities ETFs Theme or any other thematic opportunities.
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When determining whether NovaGold Resources is a strong investment it is important to analyze NovaGold Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NovaGold Resources' future performance. For an informed investment choice regarding NovaGold Stock, refer to the following important reports:
Check out NovaGold Resources Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.
Note that the NovaGold Resources information on this page should be used as a complementary analysis to other NovaGold Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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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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Is NovaGold Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NovaGold Resources. If investors know NovaGold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NovaGold Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.14)
Return On Assets
(0.09)
Return On Equity
(4.32)
The market value of NovaGold Resources is measured differently than its book value, which is the value of NovaGold that is recorded on the company's balance sheet. Investors also form their own opinion of NovaGold Resources' value that differs from its market value or its book value, called intrinsic value, which is NovaGold Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NovaGold Resources' market value can be influenced by many factors that don't directly affect NovaGold Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NovaGold Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if NovaGold Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NovaGold Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.