The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data. The index has shown a price gain of 35.71% this year. Over the last six months, there has been a weaker performance of 6.40%. The price of NGD fallen by 23.15% during the last 30 days period. For the last 5-days stocks have improved 8.13%.
The present stock price for New Gold Inc (NGD) is $1.33. In the last trading session, the stock made a considerable jump, reaching $1.27 after an opening price of $1.21. The stock briefly fell to $1.19 before ending the session at $1.25.
The market performance of New Gold Inc’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $1.48 on 05/09/23, while the lowest value for the same duration was $0.82 on 03/16/23.
52-week price history of NGD Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. New Gold Inc’s current trading price is -10.14% away from its 52-week high, while its distance from the 52-week low is 62.20%. The stock’s price range during this period has varied between$0.82 and $1.48. The New Gold Inc’s shares, which operate in the Basic Materials, saw a trading volume of around 1.97 million for the day, a figure considerably lower than their average daily volume of 2.37 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
New Gold Inc (NGD) has experienced a quarterly rise of 30.39% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 910.39M and boasts a workforce of 1578 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.0900, with a change in price of +0.2403. Similarly, New Gold Inc recorded 2,578,366 in trading volume during the last 100 days, posting a change of +22.25%.
NGD’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its 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
New Gold Inc’s raw stochastic average for the past 50 days is presently 93.94%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 90.72%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 76.22% and 70.62%, respectively.