In the last trading session, 0.17 million shares of the Nouveau Monde Graphite Inc (NYSE:NMG) were traded, and its beta was 1.35. Most recently the company’s share price was $2.26, and it changed around $0.1 or 4.63% from the last close, which brings the market valuation of the company to $254.36M. NMG currently trades at a discount to its 52-week high of $3.07, offering almost -35.84% off that amount. The share price’s 52-week low was $1.22, which indicates that the current value has risen by an impressive 46.02% since then. We note from Nouveau Monde Graphite Inc’s average daily trading volume that its 10-day average is 0.2 million shares, with the 3-month average coming to 102.47K.
Nouveau Monde Graphite Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended NMG as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.
Nouveau Monde Graphite Inc (NYSE:NMG) trade information
Instantly NMG has showed a green trend with a performance of 4.63% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.37 on recent trading dayincreased the stock’s daily price by 4.64%. The company’s shares are currently up 42.14% year-to-date, but still up 10.24% over the last five days. On the other hand, Nouveau Monde Graphite Inc (NYSE:NMG) is 71.21% up in the 30-day period. We can see from the shorts that 0.22 million shares have been sold at a short interest cover period of 6.49 day(s).
The consensus price target as assigned by Wall Street analysts is $3.25, which translates to bulls needing to increase their stock price by 30.46% from its current value. Analyst projections state that NMG is forecast to be at a low of $3.25 and a high of $3.25.
Nouveau Monde Graphite Inc (NMG) estimates and forecasts
Nouveau Monde Graphite Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 30.64 percent over the past six months and at a 31.88% annual growth rate that is well above the industry average of 8.70%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -10.82%.
NMG Dividends
Nouveau Monde Graphite Inc’s next quarterly earnings report is expected to be released in February.
Nouveau Monde Graphite Inc (NYSE:NMG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 45.79% of Nouveau Monde Graphite Inc shares, and 14.42% of them are in the hands of institutional investors. The stock currently has a share float of 26.60%. Nouveau Monde Graphite Inc stock is held by 29.0 institutions, with GENERAL MOTORS HOLDINGS LLC being the largest institutional investor. By 2024-06-30, it held 16.5066% of the shares, which is about 12.5 million shares worth $23.44 million.
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC, with 0.9825% or 0.74 million shares worth $1.4 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
