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 100.33% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 43.37%. Over the past 30 days, the price of NGD has fallen by 5.59%. And in the last five days, it has surged by 9.95%.
New Gold Inc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $3.25 on 09/25/24, while the lowest price for the same period was registered at $1.09 on 02/14/24.
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
Sponsored
52-week price history of NGD Stock
Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. New Gold Inc’s current trading price is -10.01% away from its 52-week high, while its distance from the 52-week low is 168.33%. The stock’s price range during this time has been between $1.09 and $3.25. The trading volume for the Basic Materials sector company’s shares reached about 7.63 million for the day, which was lower than the average daily volume of 9.85 million over the last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
New Gold Inc (NGD) has experienced a quarterly rise of 23.93% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.31B and boasts a workforce of 1542 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 2.64, with a change in price of +0.59. Similarly, New Gold Inc recorded 9,236,896 in trading volume during the last 100 days, posting a change of +24.68%.
NGD’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 NGD stands at 0.45. Similarly, the long-term debt-to-equity ratio is also 0.45.
NGD Stock Stochastic Average
Today’s raw stochastic average for New Gold Inc over the last 50 days is 63.35%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 99.03%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 74.60% and 67.17%, respectively.
