NOA Stock Summary and Trading Ideas (North American Construction Group Ltd. Common Shares (No Par) | NYSE:NOA)

North American Construction Group Ltd is Canada's heavy civil construction and mining contractor provider. The company has provided services to oil, natural gas, and resource companies. The Company provides a wide range of mining and heavy civil construction services to customer in the resource development and industrial construction sectors within Canada, the United States, and Australia. The Company's reportable segments are Heavy Equipment - Canada, Heavy Equipment - Australia, and Other. Heavy Equipment - Canada and Heavy Equipment - Australia include all of aspects of the mining and heavy civil construction services provided within those geographic areas. Other includes our mine management contract work in the United States, its external maintenance and rebuild programs.

North American Construction Group Ltd. Common Shares (No Par) trades on the NYSE stock market under the symbol NOA.

As of April 25, 2024, NOA stock price climbed to $21.67 with 30,500 million shares trading.

NOA has a beta of 0.76, meaning it tends to be less sensitive to market movements. NOA has a correlation of 0.07 to the broad based SPY ETF.

NOA has a market cap of $579.44 million. This is considered a Small Cap stock.

Last quarter North American Construction Group Ltd. Common Shares (No Par) reported $240 million in Revenue and $.64 earnings per share. This fell short of revenue expectation by $-10 million and missed earnings estimates by -$.10.

In the last 3 years, NOA stock traded as high as $26.30 and as low as $9.20.

The top ETF exchange traded funds that NOA belongs to (by Net Assets): DFIC, DFIS, DFAX.

NOA has underperformed the market in the last year with a return of +19.6%, while the SPY ETF gained +23.3%. In the last 3 month period, NOA fell short of the market, returning -7.2%, while SPY returned +3.7%. However, in the most recent 2 weeks NOA has outperformed the stock market by returning -1.5%, while SPY returned -2.4%.

NOA support price is $20.98 and resistance is $21.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NOA stock will trade within this expected range on the day.