New Gold Inc’s stock market performance has been consistent. The 1-year high for the company’s stock was recorded at $1.76 on 03/15/24, with the lowest value being $0.86 on 10/02/23.
52-week price history of NGD Stock
Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. New Gold Inc’s current trading price is -6.82% away from its 52-week high, while its distance from the 52-week low is 90.70%. The stock’s price range for this period has remained between $0.86 and $1.76. The Basic Materials sector company’s shares managed to surpass a trading volume of around 4.3 million for the day, which was noticeably lower compared to the shares’ average daily volume of 5.24 million over the last three months.
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Financial Performance and Market Capitalization
New Gold Inc (NGD) has experienced a quarterly rise of 9.33% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.12B and boasts a workforce of 1578 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.3581, with a change in price of +0.4300. Similarly, New Gold Inc recorded 4,780,191 in trading volume during the last 100 days, posting a change of +36.13%.
NGD Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for NGD stands at 0.51. Similarly, the long-term debt-to-equity ratio is also 0.51.
NGD Stock Stochastic Average
As of today, the raw stochastic average of New Gold Inc over the past 50 days is 79.10%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 74.77%. Additionally, the Stochastic %K and %D values for the company were 72.99% and 73.80%, respectively, over the past 20 days.
NGD Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. Year to date metric has recorded a gain of 12.33%.However, over the last six months, we can see a weaker performance of 78.16%. Over the last 30 days, the price of NGD has fallen by 45.13%. And in the last five days, it has fallen by -3.53%.
