A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant gain of 103.77% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 52.56%. Over the past 30 days, the price of NGD has fallen by 5.12%. And in the last five days, it has surged by 9.38%.
New Gold Inc ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $3.25 on 09/25/24, while the lowest value for the same period was recorded at $1.09 on 02/14/24.
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52-week price history of NGD Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. New Gold Inc’s current trading price is -8.46% away from its 52-week high, while its distance from the 52-week low is 172.94%. The stock’s price range during this period has varied between$1.09 and $3.25. The New Gold Inc’s shares, which operate in the Basic Materials, saw a trading volume of around 6.08 million for the day, a figure considerably lower than their average daily volume of 9.84 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
New Gold Inc (NGD) has experienced a quarterly rise of 19.48% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.35B 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 2.66, with a change in price of +0.69. Similarly, New Gold Inc recorded 9,159,665 in trading volume during the last 100 days, posting a change of +30.62%.
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
New Gold Inc’s raw stochastic average for the past 50 days is presently 79.39%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 97.20%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 84.18% and 84.15%, respectively.
