In the last trading session, 63838.0 Nouveau Monde Graphite Inc (NYSE:NMG) shares changed hands as the company’s beta touched 1.38. With the company’s per share price at $1.57 changed hands at $0.03 or 1.95% during last session, the market valuation stood at $169.95M. NMG’s last price was a discount, traded about -95.54% off its 52-week high of $3.07. The share price had its 52-week low at $1.22, which suggests the last value was 22.29% up since then. When we look at Nouveau Monde Graphite Inc’s average trading volume, we note the 10-day average is 0.16 million shares, with the 3-month average coming to 70.65K.
Analysts gave the Nouveau Monde Graphite Inc (NMG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended NMG as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Nouveau Monde Graphite Inc’s EPS for the current quarter is expected to be -0.12.
Nouveau Monde Graphite Inc (NYSE:NMG) trade information
Instantly NMG was in green as seen at the end of in last trading. With action 4.86%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -42.15%, with the 5-day performance at 4.86% in the green. However, in the 30-day time frame, Nouveau Monde Graphite Inc (NYSE:NMG) is 19.84% up. Looking at the short shares, we see there were 0.22 million shares sold at short interest cover period of 6.49 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.25, meaning bulls need an upside of 51.69% from its current market value. According to analyst projections, NMG’s forecast low is 3.25 with 3.25 as the target high. To hit the forecast high, the stock’s price needs a -107.01% plunge from its current level, while the stock would need to soar -107.01% for it to hit the projected low.
Nouveau Monde Graphite Inc (NMG) estimates and forecasts
Data shows that the Nouveau Monde Graphite Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -20.53% over the past 6 months, a 27.54% in annual growth rate that is considerably higher than the industry average of 8.20%.
According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.00%. The estimates for the next quarter sales put growth at 0.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -10.82%. The 2024 estimates are for Nouveau Monde Graphite Inc earnings to increase by 32.21%.
NMG Dividends
Nouveau Monde Graphite Inc is expected to release its next quarterly earnings report in January.
Nouveau Monde Graphite Inc (NYSE:NMG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 45.79% of Nouveau Monde Graphite Inc shares while 14.42% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 26.60%. There are 14.42% institutions holding the Nouveau Monde Graphite Inc stock share, with GENERAL MOTORS HOLDINGS LLC the top institutional holder. As of 2024-06-30, the company held 16.5066% of the shares, roughly 12.5 million NMG shares worth $23.44 million.
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC holds the second largest percentage of outstanding shares, with 0.9825% or 0.74 million shares worth $1.4 million as of 2024-06-30.
