Adesto Technologies (IOTS) Forms $5.00 Double Top, Novagold Resources (NYSEMKT:NG) Shorts Increased By 24.27%

May 30, 2017 - By Vivian Park

Adesto Technologies Corp (IOTS) formed double top with $5.45 target or 9.00% above today’s $5.00 share price. Adesto Technologies Corp (IOTS) has $78.42 million valuation. About 1,416 shares traded. Adesto Technologies Corp (NASDAQ:IOTS) has risen 50.86% since May 30, 2016 and is uptrending. It has outperformed by 34.16% the S&P500.

Novagold Resources Incorporated (NYSEMKT:NG) had an increase of 24.27% in short interest. NG’s SI was 15.24M shares in May as released by FINRA. Its up 24.27% from 12.26 million shares previously. With 3.63M avg volume, 4 days are for Novagold Resources Incorporated (NYSEMKT:NG)’s short sellers to cover NG’s short positions. The SI to Novagold Resources Incorporated’s float is 7.23%. About 251,840 shares traded. NovaGold Resources Inc. (USA) (NYSEMKT:NG) has declined 29.36% since May 30, 2016 and is downtrending. It has underperformed by 46.06% the S&P500.

Novagold Resources Inc. is a mineral exploration company. The company has market cap of $1.23 billion. The Firm is engaged in the exploration and development of mineral properties. It currently has negative earnings. The Company’s divisions include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada.

Among 6 analysts covering Adesto Technologies (NASDAQ:IOTS), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Adesto Technologies has $10 highest and $4 lowest target. $7.33’s average target is 46.60% above currents $5 stock price. Adesto Technologies had 8 analyst reports since November 23, 2015 according to SRatingsIntel. The company was initiated on Monday, November 23 by Oppenheimer. The stock of Adesto Technologies Corp (NASDAQ:IOTS) has “Buy” rating given on Thursday, September 1 by Roth Capital. The stock of Adesto Technologies Corp (NASDAQ:IOTS) earned “Buy” rating by TH Capital on Monday, November 23. The rating was initiated by Roth Capital with “Buy” on Monday, November 23. Needham maintained Adesto Technologies Corp (NASDAQ:IOTS) rating on Wednesday, August 10. Needham has “Strong Buy” rating and $4 target. The rating was initiated by Needham on Monday, November 23 with “Strong Buy”. On Friday, February 19 the stock rating was initiated by Bernstein with “Buy”. Benchmark initiated the shares of IOTS in report on Friday, February 19 with “Buy” rating.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.