Niocorp Developments Ltd Stock Price on May 10, 2024
| NB Stock | 2.00 0.18 8.26% |
Below is the normalized historical share price chart for NioCorp Developments Ltd extending back to September 15, 2009. 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 NioCorp Developments stands at 2.00, as last reported on the 24th of May, with the highest price reaching 2.19 and the lowest price hitting 2.00 during the day.
If you're considering investing in NioCorp Stock, it is important to understand the factors that can impact its price. NioCorp Developments has Sharpe Ratio of -0.0179, which conveys that the firm had a -0.0179% return per unit of risk over the last 3 months. NioCorp Developments exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NioCorp Developments' Mean Deviation of 4.02, standard deviation of 5.57, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide.
The current year's Issuance Of Capital Stock is expected to grow to about 4.9 M, whereas Total Stockholder Equity is projected to grow to (9.4 M). . NioCorp Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 21st of March 2023 | 200 Day MA 3.21 | 50 Day MA 2.5298 | Beta 0.215 |
NioCorp |
Sharpe Ratio = -0.0179
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NB |
Estimated Market Risk
| 5.67 actual daily | 50 50% of assets are less volatile |
Expected Return
| -0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NioCorp Developments 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 NioCorp Developments by adding NioCorp Developments to a well-diversified portfolio.
Price Book 11.0602 | Book Value (0.06) | Enterprise Value 82.8 M | Enterprise Value Ebitda (3.30) | Shares Float 33.9 M |
NioCorp Developments Valuation on May 10, 2024
It is possible to determine the worth of NioCorp Developments on a given historical date. On May 10, 2024 NioCorp was worth 2.56 at the beginning of the trading date compared to the closed value of 2.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NioCorp Developments stock. Still, in general, we apply an absolute valuation method to find NioCorp Developments' 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 NioCorp Developments where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NioCorp Developments' related companies.
| Open | High | Low | Close | Volume | |
| 2.65 | 2.70 | 2.48 | 2.55 | 111,383 | |
05/10/2024 | 2.56 | 2.62 | 2.33 | 2.36 | 66,402 |
| 2.39 | 2.47 | 2.37 | 2.39 | 56,820 |
| Backtest NioCorp Developments | | | NioCorp Developments History | | | NioCorp Developments Valuation | Previous | Next |
NioCorp Developments Trading Date Momentum on May 10, 2024
| On May 13 2024 NioCorp Developments Ltd was traded for 2.39 at the closing time. The highest price during the trading period was 2.47 and the lowest recorded bid was listed for 2.37 . The volume for the day was 56.8 K. This history from May 13, 2024 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 1.27% . The trading delta at closing time to the current price is 5.93% . |
NioCorp Developments Fundamentals Correlations and Trends
By evaluating NioCorp Developments' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among NioCorp Developments' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NioCorp financial account trend analysis is a perfect complement when working with valuation or volatility modules.About NioCorp Developments Stock history
NioCorp Developments 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 NioCorp is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NioCorp Developments 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 NioCorp Developments stock prices may prove useful in developing a viable investing in NioCorp Developments
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 35.9 M | 28.9 M | |
| Net Loss | -34.5 M | -32.7 M |
NioCorp Developments Stock Technical Analysis
NioCorp Developments 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
NioCorp Developments Period Price Range
Low | May 10, 2024
| High |
2.56 | 2.36 |
NioCorp Developments May 24, 2024 Market Strength
Market strength indicators help investors to evaluate how NioCorp Developments stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NioCorp Developments shares will generate the highest return on investment. By undertsting and applying NioCorp Developments stock market strength indicators, traders can identify NioCorp Developments Ltd entry and exit signals to maximize returns
NioCorp Developments Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NioCorp Developments' price direction in advance. Along with the technical and fundamental analysis of NioCorp Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NioCorp 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 | (0.01) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.10) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NioCorp Developments Ltd. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the NioCorp Developments information on this page should be used as a complementary analysis to other NioCorp Developments' 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for NioCorp Stock analysis
When running NioCorp Developments' price analysis, check to measure NioCorp Developments' 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 NioCorp Developments is operating at the current time. Most of NioCorp Developments' value examination focuses on studying past and present price action to predict the probability of NioCorp Developments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NioCorp Developments' price. Additionally, you may evaluate how the addition of NioCorp Developments to your portfolios can decrease your overall portfolio volatility.
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |
Is NioCorp Developments' 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 NioCorp Developments. If investors know NioCorp 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 NioCorp Developments listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.37) | Return On Assets (0.46) | Return On Equity (7.72) |
The market value of NioCorp Developments is measured differently than its book value, which is the value of NioCorp that is recorded on the company's balance sheet. Investors also form their own opinion of NioCorp Developments' value that differs from its market value or its book value, called intrinsic value, which is NioCorp Developments' 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 NioCorp Developments' market value can be influenced by many factors that don't directly affect NioCorp Developments' 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 NioCorp Developments' value and its price as these two are different measures arrived at by different means. Investors typically determine if NioCorp Developments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NioCorp Developments' 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.