Nouveau Monde Graphite Inc. (NMG): What is Its Dividend Yield?

Nouveau Monde Graphite Inc. (NYSE:NMG) saw a downside of -2.52% to close Friday at $5.41 after subtracting -$0.14 on the day. The 5-day average trading volume is 75,260 shares of the company’s common stock. It has gained $5.89 in the past week and touched a new high 2 times within the past 5 days. An average of 62,230 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 45,644.

NMG’s 1-month performance is 12.94% or $0.24 on its low of $4.71 reached on 01/19/23. The company’s shares have touched a 52-week low of $3.38 and high of $7.46, with the stock’s rally to the 52-week high happening on 02/09/23. YTD, NMG has achieved 41.62% or $1.59 and has reached a new high 11 times. However, the current price is down -27.48% from the 52-week high price.

Valuation Metrics

Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 4.05.

The firm’s gross profit as reported stood at $0.8 million against revenue of $30.71 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 36.24% to -$31.18 million, while revenue of -$29.01 million was 6.96% off the previous quarter. Analysts expected NMG to announce -$0.13 per share in earnings in its latest quarter, but it posted -$0.17, representing a -30.80% surprise. EBITDA for the quarter stood at more than -$8.28 million. NMG stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 17.41 million, with total debt at $4.96 million.

Let’s look briefly at Nouveau Monde Graphite Inc. (NMG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 17 February was 51.58% to suggest the stock is trending Neutral, with historical volatility in this time period at 62.43%.

The stock’s 5-day moving average is $5.53, reflecting a -3.91% or -$0.22 change from its current price. NMG is currently trading +12.01% above its 20-day SMA, +5.66% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +19.43% and SMA200 by-11.75%.

Stochastic %K and %D was 52.42% and 60.24% and the average true range (ATR) pointed at 0.31. The RSI (14) points at 54.49%, while the 14-day stochastic is at 52.14% with the period’s ATR at 0.29. The stock’s 9-day MACD Oscillator is pointing at -0.15 and -0.04 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Nouveau Monde Graphite Inc. (NYSE: NMG), H.C. Wainwright launched coverage with a Buy rating. Analysts offering their rating for NMG stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate NMG as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

graphite