The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a gain of 5.85%.However, over the last six months, we can see a weaker performance of 16.67%. Over the last 30 days, the price of NGD has leaped by -8.54%. And in the last five days, it has surged by 6.28%.
New Gold Inc experienced a rather steady stock market performance. The highest value in the past year was recorded at $3.25 on 09/25/24 and the lowest value was $1.09 on 02/14/24.
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 -19.23% away from its 52-week high, while its distance from the 52-week low is 140.83%. 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 4.11 million for the day, a figure considerably lower than their average daily volume of 8.53 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
New Gold Inc (NGD) has experienced a quarterly decline of -4.89% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.08B 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 2.75, with a change in price of +0.23. Similarly, New Gold Inc recorded 8,979,591 in trading volume during the last 100 days, posting a change of +9.62%.
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 29.23%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 29.23%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 23.59% and 22.56%, respectively.
