In the last trading session, 1.46 million NioCorp Developments Ltd (NASDAQ:NB) shares changed hands as the company’s beta touched -0.01. With the company’s per share price at $2.56 changed hands at $0.22 or 9.40% during last session, the market valuation stood at $119.27M. NB’s last price was a discount, traded about -56.25% off its 52-week high of $4.00. The share price had its 52-week low at $1.27, which suggests the last value was 50.39% up since then. When we look at NioCorp Developments Ltd’s average trading volume, we note the 10-day average is 0.36 million shares, with the 3-month average coming to 217.35K.
Analysts gave the NioCorp Developments Ltd (NB) 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 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended NB as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. NioCorp Developments Ltd’s EPS for the current quarter is expected to be -0.03.
NioCorp Developments Ltd (NASDAQ:NB) trade information
Instantly NB was in green as seen at the end of in last trading. With action 29.95%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 65.16%, with the 5-day performance at 29.95% in the green. However, in the 30-day time frame, NioCorp Developments Ltd (NASDAQ:NB) is 68.42% up. Looking at the short shares, we see there were 0.76 million shares sold at short interest cover period of 6.06 days.
NioCorp Developments Ltd (NB) estimates and forecasts
Data shows that the NioCorp Developments Ltd share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 43.02% over the past 6 months, a -41.67% in annual growth rate that is considerably lower than the industry average of 9.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 1.47%. The 2025 estimates are for NioCorp Developments Ltd earnings to increase by 38.46%, but the outlook for the next 5-year period is at -4.89% per year.
NB Dividends
NioCorp Developments Ltd is expected to release its next quarterly earnings report in March.
NioCorp Developments Ltd (NASDAQ:NB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.27% of NioCorp Developments Ltd shares while 5.46% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 5.83%.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Micro Cap ETF. With 936.05 shares estimated at $2.4 million under it, the former controlled 2.20% of total outstanding shares. On the other hand, iShares Micro Cap ETF held about 0.14% of the shares, roughly 58.43 shares worth around $0.15 million.
