NioCorp Developments Ltd (NB): What Makes The Stock Good?

NioCorp Developments Ltd (NASDAQ:NB) has a beta value of 0.25 and has seen 1.53 million shares traded in the last trading session. The company, currently valued at $50.16M, closed the last trade at $1.49 per share which meant it lost -$0.1 on the day or -6.60% during that session. The NB stock price is -205.37% off its 52-week high price of $4.55 and -6.04% below the 52-week low of $1.58. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.16 million shares traded. The 3-month trading volume is 101.10K shares.

The consensus among analysts is that NioCorp Developments Ltd (NB) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.

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NioCorp Developments Ltd (NASDAQ:NB) trade information

Sporting -6.60% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NB stock price touched $1.49 or saw a rise of 23.2%. Year-to-date, NioCorp Developments Ltd shares have moved -53.45%, while the 5-day performance has seen it change -23.45%. Over the past 30 days, the shares of NioCorp Developments Ltd (NASDAQ:NB) have changed -16.10%. Short interest in the company has seen 0.85 million shares shorted with days to cover at 7.23.

NioCorp Developments Ltd (NB) estimates and forecasts

Figures show that NioCorp Developments Ltd shares have underperformed across the wider relevant industry. The company’s shares have lost -40.84% over the past 6 months, with this year growth rate of -66.67%, compared to 14.00% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 1.47% over the past 5 years.

NB Dividends

NioCorp Developments Ltd is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

NioCorp Developments Ltd (NASDAQ:NB)’s Major holders

Insiders own 6.53% of the company shares, while shares held by institutions stand at 5.88% with a share float percentage of 6.29%. Investors are also buoyed by the number of investors in a company, with NioCorp Developments Ltd having a total of 73.0 institutions that hold shares in the company.