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 -7.70% away from its 52-week high, while its distance from the 52-week low is 164.03%. The stock’s price range over this period has fluctuated between $0.86 and $2.46. The company, operating within the financial sector, had a trading volume of approximately 3.16 million for the day, which was noticeably lower than the average daily share volume of 9.3 million over the last 3 months.
New Gold Inc experienced a rather steady stock market performance. The highest value in the past year was recorded at $2.46 on 07/11/24 and the lowest value was $0.86 on 10/02/23.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
New Gold Inc (NGD) has experienced a quarterly rise of 16.45% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.80B and boasts a workforce of 1542 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.97, with a change in price of +0.67. Similarly, New Gold Inc recorded 8,762,767 in trading volume during the last 100 days, posting a change of +42.14%.
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 0.52. Similarly, the long-term debt-to-equity ratio is also 0.52.
NGD Stock Stochastic Average
Today, New Gold Inc’s raw stochastic average for the past 50 days stands at 64.29%, indicating a rise from the raw stochastic average of the last 20 days, which was 64.00%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 48.67% and 38.52% respectively.
NGD Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The metric has seen a significant gain of 55.53% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 90.82%. Over the past 30 days, the price of NGD has leaped by -4.19%. And in the last five days, it has surged by 7.62%.
