North American Construction Group Ltd (NOA) Stock Forecast & Predictions

North American Construction Group Ltd NOA: $10.9

27287 100 Ave, Acheson, Alberta, Canada. | Sector: Mining, Quarrying, and Oil and Gas Extraction | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: http://www.nacg.ca/

  • Market Cap$0.33B
  • Change (52 Weeks)146.56%
  • Low (52 Weeks)$4.35
  • North American Construction Group Ltd (NOA) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 25.00% are on Buy, 25.00% on Sell, and 50.00% Neutral.

    According to the market data, North American Construction Group Ltd (NOA) stock price is $10.9 and the 52 weeks low is $4.35, which means the North American Construction Group Ltd stock price is up 146.56% in the last 12 months.

    North American Construction Group Ltd (NOA) Stock Price has been Trending Strongly with an ADX reading of 35.08 as per the Weekly Chart.

    A Upward trend indicates that North American Construction Group Ltd (NOA) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 25.00% are indicating that NOA Stock price might rise further, 25.00% indicating that NOA Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall NOA stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    North American Construction Group Ltd (NOA) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for North American Construction Group Ltd (NOA) is based on 9 Institutional Analyst Ratings where 55.56% are on Strong Buy, 22.22% on Moderate Buy, 22.22% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 9 Institutional Analysts, majority recommended NOA stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of North American Construction Group Ltd.

    North American Construction Group Ltd (NOA) Stock Price Prediction By Analysts


    HighLowAverage
    $23.10$18.18$19.89
    $19.8982.48% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for NOA set by the institutional analysts is $19.89 where High Estimate is $23.10, Median $18.87 and Low $18.18.

    The average price target for NOA by Institutional Analysts is $19.89, which is 82.48% Upside from the current price. So according to the Institutional Analysts, NOA Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    North American Construction Group Ltd (NOA) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 388,226 investor portfolio.

    Our algorithm has analysed 388,226 investor portfolio with NOA stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about NOA and holding their positions hoping for a further rise in the stock price and more profit.

    North American Construction Group Ltd (NOA) Stock Forecast Based on News Sentiment


    Neutral
    Based on 2 articles published Last Week, where 50.00% are Bullish and 50.00% are Bearish.

    According to the news articles published last week, journalists and bloggers had a mixed sentiment of NOA consisting of positive and negative, it shows that North American Construction Group Ltd had a neutral news coverage.

    Neutral news coverage usually doesn't affect short-term price of a stock, so NOA stock price most likey won't have any reaction to last weeks news coverage.

    North American Construction Group Ltd (NOA) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    National Bank FinancialOutperformUpgraded
    Raymond James FinancialOutperformUpgraded
    PI FinancialUpgraded
    Canaccord GenuityUpgraded
    BMO Capital MarketsUpgraded
    ATB CapitalUpgraded
    Canaccord GenuityOutperformInitiated
    ATB CapitalOutperformInitiated
    BMO Capital MarketsOutperformInitiated
    TD SecuritiesHoldDowngraded
    Raymond James FinancialMarket PerformUpgraded
    National Bank FinancialOutperformUpgraded
    TD SecuritiesBuyUpgraded
    Raymond James FinancialMarket PerformUpgraded
    PI FinancialBuyDowngraded
    PI FinancialBuyInitiated
    National Bank FinancialOutperformDowngraded
    CIBC World MarketsDowngraded
    PI FinancialBuyDowngraded
    Raymond James FinancialMarket PerformDowngraded
    TD SecuritiesDowngraded
    National Bank FinancialOutperformDowngraded
    Canaccord GenuityDowngraded
    National Bank FinancialOutperformInitiated
    Canaccord GenuityUpgraded
    National Bank FinancialUpgraded
    PI FinancialBuyInitiated
    Raymond James FinancialStrong-BuyInitiated
    Raymond James FinancialStrong-BuyUpgraded
    National Bank FinancialOutperformUpgraded
    RBC CapitalStrong BuyUpgraded
    Raymond James FinancialStrong-BuyUpgraded
    Raymond James FinancialOutperformUpgraded
    CIBCOutperformerInitiated
    National Bank FinancialOutperformInitiated
    Raymond James FinancialOutperformUpgraded
    PI FinancialUpgraded
    Canaccord GenuityUpgraded
    Raymond James FinancialOutperformUpgraded
    National Bank FinancialOutperformInitiated
    Canaccord GenuityUpgraded
    Canaccord GenuityUpgraded
    National Bank FinancialOutperformInitiated
    Raymond James FinancialUpgraded
    National Bank FinancialOutperformUpgraded
    Raymond James FinancialOutperformUpgraded
    PI FinancialTop PickReiterated
    Raymond James FinancialOutperformUpgraded
    National Bank FinancialOutperformUpgraded
    National Bank FinancialOutperformUpgraded
    BMO Capital MarketsOutperformMaintained
    National Bank FinancialMaintained
    BMO CapitalOutperformUpgraded
    Canaccord GenuityMaintained
    Canaccord GenuityBuyMaintained
    JefferiesBuyMaintained
    BMO Capital MarketsAt Market PerformMaintained
    Raymond James FinancialOutperformMaintained
    JefferiesBuyMaintained
    Capital Ideas ResearchBuyMaintained
    JefferiesBuyInitiated
    Raymond James FinancialOutperformMaintained
    Dundee SecuritiesBuyMaintained
    BMO Capital MarketsOutperformMaintained
    Raymond James FinancialMaintained
    JefferiesMaintained
    BMO Capital MarketsMaintained
    Raymond James FinancialMaintained
    BMO CapitalOutperformUpgraded
    GMP SecuritiesBuyUpgraded
    JefferiesHoldMaintained
    JefferiesHoldMaintained

    North American Construction Group Ltd (NOA) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.349
    The average consensus EPS for NOA is $0.349 with a high estimate of $0.452 and Low of $0.078 for the period 2021-06-30 and based on 6 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.05$0.02022018-09-30


    The latest average Earning Per Share Estimate for North American Construction Group Ltd is $0.35, which is higher than NOA's last EPS, $0.05. This means that Analysts are expecting North American Construction Group Ltd to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of North American Construction Group Ltd.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.05$0.02022018-09-30
    $0$-0.12122018-06-30
    $0.09$0.075752017-12-31
    $-0.02$0.02022016-12-31
    $-0.05$-0.095950000000000012016-09-30
    $-0.16$-0.12122016-06-30
    $0.19$0.03032016-03-31
    $-0.02$0.005052015-12-31
    $-0.13$-0.08416332015-06-30
    $-0.01$-0.01012015-03-31
    $-0.05$0.06733672014-12-31
    $0.13$0.05052014-09-30
    $-0.12$0.02022014-06-30
    $0$0.02022014-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).