New Gold Inc’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $2.31 on 05/30/24, and the lowest price during that time was $0.86, recorded 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 -5.19% away from its 52-week high, while its distance from the 52-week low is 154.65%. The stock’s price range for this period has remained between $0.86 and $2.31. The Basic Materials sector company’s shares managed to surpass a trading volume of around 4.98 million for the day, which was noticeably lower compared to the shares’ average daily volume of 9.28 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 20.33% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.73B and boasts a workforce of 1542 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.76, with a change in price of +0.95. Similarly, New Gold Inc recorded 8,718,723 in trading volume during the last 100 days, posting a change of +76.61%.
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 0.55. Similarly, the long-term debt-to-equity ratio is also 0.54.
NGD Stock Stochastic Average
As of today, the raw stochastic average of New Gold Inc over the last 50 days is at 80.65%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 96.67%. Further, the company’s Stochastic %K and %D values for the last 20 days were 85.26% and 74.38%, respectively.
NGD Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The metric has seen a significant gain of 50.00% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 57.55%. Over the past 30 days, the price of NGD has fallen by 6.83%. And in the last five days, it has surged by 12.31%.