New Gold Inc. (AMEX:NGD) went up by 2.17% from its latest closing price compared to the recent 1-year high of $2.02. The company’s stock price has collected 13.70% of gains in the last five trading sessions.
Is It Worth Investing in New Gold Inc. (AMEX :NGD) Right Now?
New Gold Inc. (AMEX:NGD) scored a price-to-earnings ratio above its average ratio, recording 4.87 x from its present earnings ratio. Plus, the 36-month beta value for NGD is at 1.86. Opinions of the stock are interesting as 3 analysts out of 12 who provided ratings for New Gold Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 8 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $1.21. NGD currently public float of 680.32M and currently shorts hold a 0.60% ratio of that float. Today, the average trading volume of NGD was 4.66M shares.
NGD’s Market Performance
NGD stocks went up by 13.70% for the week, with a monthly drop of -25.23% and a quarterly performance of -40.29%, while its annual performance rate touched -49.39%. The volatility ratio for the week stands at 6.39% while the volatility levels for the past 30 days are set at 7.60% for New Gold Inc. The simple moving average for the period of the last 20 days is 1.15% for NGD stocks with a simple moving average of -43.56% for the last 200 days.
Analysts’ Opinion of NGD
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see NGD reach a price target of $1.50, previously predicting the price at $1.75. The rating they have provided for NGD stocks is “Sector Perform” according to the report published on September 08th, 2021.
NGD Trading at -23.99% from the 50-Day Moving Average
After a stumble in the market that brought NGD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.91% of loss for the given period.
Volatility was left at 7.60%, however, over the last 30 days, the volatility rate increased by 6.39%, as shares sank -23.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.97% lower at present.
During the last 5 trading sessions, NGD rose by +13.70%, which changed the moving average for the period of 200-days by -41.55% in comparison to the 20-day moving average, which settled at $0.8081. In addition, New Gold Inc. saw -44.67% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NGD
Current profitability levels for the company are sitting at:
- +18.13 for the present operating margin
- +21.19 for the gross margin
The net margin for New Gold Inc. stands at +18.78.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.97.