Company’s Banking Stock: Dissecting a 29.20% Quarterly Revenue Decline Amid Growth

The stock of New Gold Inc (NGD) is currently priced at $1.25. In the last session, the stock climbed significantly, topping out at $1.29 after opening at $1.19. The day’s lowest price was $1.19 before the stock closed at $1.19.

New Gold Inc saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $1.48 on 05/09/23, while the lowest price for the same duration was marked at $0.82 on 03/16/23.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


52-week price history of NGD Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. New Gold Inc’s current trading price is -15.54% away from its 52-week high, while its distance from the 52-week low is 52.44%. The stock’s price range during the 52-week period has remained between $0.82 and $1.48. In the Basic Materials sector, the company’s shares saw a trading volume of around 2.46 million for the day, which was evidently higher than the average daily volume of 2.37 million over the past three months.

Market Capitalization and Financial Performance: An In-Depth Look

New Gold Inc (NGD) has experienced a quarterly rise of 29.20% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 855.62M and boasts a workforce of 1578 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.0839, with a change in price of +0.2000. Similarly, New Gold Inc recorded 2,599,394 in trading volume during the last 100 days, posting a change of +19.05%.

Examining NGD’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for NGD stands at 0.46. Similarly, the long-term debt-to-equity ratio is also 0.45.

NGD Stock Stochastic Average

As of today, New Gold Inc’s raw stochastic average for the last 50 days stands at 84.78%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 75.86%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 66.67% and 56.00%, respectively.

NGD Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The metric has seen a significant gain of 27.55% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -3.10%. Over the past 30 days, the price of NGD has fallen by 14.68%. And in the last five days, it has surged by 6.84%.

Leave a Reply

Your email address will not be published. Required fields are marked *

On Key

Related Posts