Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. New Gold Inc’s current trading price is -7.28% away from its 52-week high, while its distance from the 52-week low is 109.16%. The stock’s price range over this period has fluctuated between $0.86 and $1.94. The company, operating within the financial sector, had a trading volume of approximately 2.37 million for the day, which was noticeably lower than the average daily share volume of 7.29 million over the last 3 months.
New Gold Inc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $1.94 on 04/12/24, while the lowest price for the same period was registered at $0.86 on 10/02/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
New Gold Inc (NGD) has experienced a quarterly rise of 45.06% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.23B.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.4609, with a change in price of +0.3000. Similarly, New Gold Inc recorded 6,026,878 in trading volume during the last 100 days, posting a change of +20.00%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to 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
Today’s raw stochastic average for New Gold Inc over the last 50 days is 83.33%.This indicates a increase from the raw stochastic average of the past 20 days, which was 50.00%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 46.58% and 43.94%, respectively.
NGD Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a gain of 23.21%.However, over the last six months, we can see a weaker performance of 68.11%. Over the last 30 days, the price of NGD has fallen by 6.44%. And in the last five days, it has surged by 2.79%.
