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. The index has shown a price gain of 30.82% this year. Over the last six months, there has been a weaker performance of 61.86%. The price of NGD fallen by 4.95% during the last 30 days period. For the last 5-days stocks have improved 4.37%.
New Gold Inc’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $1.95 on 05/01/24, and the lowest price during that time was $0.86, recorded on 10/02/23.
52-week price history of NGD Stock
A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. New Gold Inc’s current trading price is -2.05% away from its 52-week high, while its distance from the 52-week low is 122.09%. The stock’s price range over this timeframe has been between $0.86 and $1.95. The shares of the Basic Materials sector company recorded a trading volume of approximately 2.17 million for the day, which was comparatively lower than the average daily volume of 7.67 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
New Gold Inc (NGD) has experienced a quarterly rise of 50.39% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.31B and boasts a workforce of 1542 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.4872, with a change in price of +0.5250. Similarly, New Gold Inc recorded 6,191,506 in trading volume during the last 100 days, posting a change of +38.32%.
NGD’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for NGD stands at 0.55. Similarly, the long-term debt-to-equity ratio is also 0.54.
NGD Stock Stochastic Average
The raw stochastic average for New Gold Inc over the last 50 days is presently at 93.53%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 81.03%. Further, the company’s Stochastic %K and %D values for the last 20 days were 62.64% and 59.69%, respectively.
