The price of NMG is predicted to go up -1.85%, based on the high correlation periods with AVGO. The similarity of these two price pattern on the periods is 95.74%.

NMG

AVGO

Down: -1.85%Similarity: 95.74%

NMG Revenue Forecast

NMG EPS Forecast

NMG FAQs

What is bull’s view on NMG?

NMG stock is currently trading at $2.54, reflecting a 20.7% increase recently due to positive sentiment around its advanced graphite production capabilities and potential demand from EV battery markets. Analysts maintain a "Strong Buy" rating with a price target of $3, implying a 17.7% upside, supported by its strategic positioning in the green energy supply chain. However, its lack of revenue and negative EPS (-$0.073 in Q2 2024) highlight risks tied to its early-stage development.

What is bear's view on NMG?

NMG stock is bearish due to weak fundamentals and recent price target cuts. The stock closed at $1.53, significantly below its $3 target, reflecting poor investor confidence and lack of revenue generation. Despite a slight EPS beat in Q2 2024, the absence of revenue and high cash burn remain critical concerns.