logo

[breadcrumb_custom]

NEM’s Market Quandary: Decoding the Ups and Downs of 2023

The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. This year’s metric has recorded a Price decrease of -11.83%. However, over the past six months, we’ve seen a stronger performance of -1.23%. The price of NEM fallen by 14.26% over the last 30 days. And in the last five days, it has surged by 7.59%.

Newmont Corp saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $52.76 on 04/05/23, while the lowest price for the same duration was marked at $29.42 on 02/28/24.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

52-week price history of NEM Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Newmont Corp’s current trading price is -30.83% away from its 52-week high, while its distance from the 52-week low is 24.05%. The stock’s price range during this period has varied between$29.42 and $52.76. The Newmont Corp’s shares, which operate in the Basic Materials, saw a trading volume of around 7.04 million for the day, a figure considerably lower than their average daily volume of 13.38 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Newmont Corp (NEM) has experienced a quarterly decline of -11.83% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 42.07B and boasts a workforce of 40200 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 36.17, with a change in price of -1.30. Similarly, Newmont Corp recorded 14,380,896 in trading volume during the last 100 days, posting a change of -3.42%.

NEM’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 NEM stands at 0.33. Similarly, the long-term debt-to-equity ratio is also 0.26.

NEM Stock Stochastic Average

As of today, Newmont Corp’s raw stochastic average for the last 50 days stands at 93.54%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 87.18%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 88.50% and 89.92%, respectively.

On Key

Related Posts