As this happened, National Bank Financial initiated its Novagold Resources Inc [NG] rating to an Outperform in a research note published recently. B. Riley FBR Inc. began covering NG with “Buy” recommendation on December 19, 2017. JP Morgan revised its rating on September 27, 2016. It rated NG as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of NG
On Monday, Novagold Resources Inc [AMEX:NG] saw its stock jump 0.33% to $3.01. Over the last five days, the stock has lost -8.23%. Novagold Resources Inc shares have fallen nearly -9.61% since the year began. Nevertheless, the stocks have fallen -5.05% over the past one year. While a 52-week high of $4.88 was reached on 01/10/25, a 52-week low of $2.22 was recorded on 01/27/25. SMA at 50 days reached $3.41, while 200 days put it at $3.68.
Levels Of Support And Resistance For NG Stock
The 24-hour chart illustrates a support level at 2.91, which if violated will result in even more drops to 2.82. On the upside, there is a resistance level at 3.06. A further resistance level may holdings at 3.12. The Relative Strength Index (RSI) on the 14-day chart is 33.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.41%. Stochastics %K at 15.91% indicates the stock is a buying.
How much short interest is there in Novagold Resources Inc?
A steep rise in short interest was recorded in Novagold Resources Inc stocks on 2024-12-31, growing by 0.49 million shares to a total of 8.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 8.48 million shares. There was a rise of 5.46%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 17, 2011 when RBC Capital Mkts resumed its ‘”a Sector perform”‘ rating for the stock and retained the price target to $11.
