Understanding Newmont Corp Inc. (NEM) Price Performance Through Chart Patterns

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 6.62%. However, over the past six months, we’ve seen a weaker performance of 10.00%. The price of NEM fallen by 7.37% over the last 30 days. And in the last five days, it has surged by 5.40%.

In terms of market performance, Newmont Corp had a fairly even. The highest value for the stock in the past year was $45.92 on 07/14/23, and the lowest value was recorded at $29.42 on 02/28/24.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

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 -3.90% away from its 52-week high, while its distance from the 52-week low is 50.00%. The stock’s price range during this period has varied between$29.42 and $45.92. The Newmont Corp’s shares, which operate in the Basic Materials, saw a trading volume of around 6.15 million for the day, a figure considerably lower than their average daily volume of 9.74 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Newmont Corp (NEM) has experienced a quarterly rise of 11.30% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 50.89B 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 38.53, with a change in price of +10.57. Similarly, Newmont Corp recorded 12,082,713 in trading volume during the last 100 days, posting a change of +31.50%.

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 0.32.

NEM Stock Stochastic Average

Newmont Corp’s raw stochastic average for the past 50 days is presently 88.49%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 88.16%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 92.82% and 89.38%, respectively.

Most Popular