The Chart for New Relic Inc. (NEWR) Is Flashing Mixed Signals

New Relic Inc. (NYSE:NEWR) went down by -1.04% from its latest closing price compared to the recent 1-year high of $74.20. The company’s stock price has collected -3.69% of loss in the last five trading sessions. Press Release reported on 09/15/20 that New Relic Achieves AWS Outposts Ready Designation

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Is It Worth Investing in New Relic Inc. (NYSE :NEWR) Right Now?

Plus, the 36-month beta value for NEWR is at 1.13. Opinions of the stock are interesting as 6 analysts out of 16 who provided ratings for New Relic Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 7 rated it as “hold,” and 2 as “sell.”

The average price from analysts is $69.29, which is $15.29 above the current price. NEWR currently public float of 47.64M and currently shorts hold a 12.07% ratio of that float. Today, the average trading volume of NEWR was 1.14M shares.

NEWR’s Market Performance

NEWR stocks went down by -3.69% for the week, with a monthly drop of -9.98% and a quarterly performance of -22.30%, while its annual performance rate touched -15.60%. The volatility ratio for the week stands at 4.76% while the volatility levels for the past 30 days are set at 4.09% for New Relic Inc.. The simple moving average for the period of the last 20 days is -7.48% for NEWR stocks with a simple moving average of -10.65% for the last 200 days.

Analysts’ Opinion of NEWR

Many brokerage firms have already submitted their reports for NEWR stocks, with Loop Capital repeating the rating for NEWR by listing it as a “Hold.” The predicted price for NEWR in the upcoming period, according to Loop Capital is $60 based on the research report published on September 16th of the current year 2020.

JP Morgan gave a rating of “Neutral” to NEWR, setting the target price at $61 in the report published on August 05th of the current year.

NEWR Trading at -10.48% from the 50-Day Moving Average

After a stumble in the market that brought NEWR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.22% of loss for the given period.

Volatility was left at 4.09%, however, over the last 30 days, the volatility rate increased by 4.76%, as shares sank -13.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.34% lower at present.

During the last 5 trading sessions, NEWR fell by -3.69%, which changed the moving average for the period of 200-days by -21.74% in comparison to the 20-day moving average, which settled at $57.93. In addition, New Relic Inc. saw -17.82% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at NEWR starting from Cirne Lewis, who sale 35,500 shares at the price of $62.74 back on Sep 01. After this action, Cirne Lewis now owns 6,028,967 shares of New Relic Inc., valued at $2,227,184 using the latest closing price.

Christenson Michael J, the President and COO of New Relic Inc., purchase 9,000 shares at $56.72 during a trade that took place back on Aug 19, which means that Christenson Michael J is holding 60,137 shares at $510,480 based on the most recent closing price.

Stock Fundamentals for NEWR

Current profitability levels for the company are sitting at:

  • -13.36 for the present operating margin
  • +82.79 for the gross margin

The net margin for New Relic Inc. stands at -14.83. The total capital return value is set at -9.74, while invested capital returns managed to touch -10.91. Equity return is now at value -27.10, with -8.60 for asset returns.

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Based on New Relic Inc. (NEWR), the company’s capital structure generated 126.23 points at debt to equity in total, while total debt to capital is 55.80. Total debt to assets is 39.19, with long-term debt to equity ratio resting at 124.01. Finally, the long-term debt to capital ratio is 54.82.

When we switch over and look at the enterrpise to sales, we see a ratio of 4.00, with the company’s debt to enterprise value settled at 0.21. The receivables turnover for the company is 4.47 and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.57.

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