New Gold Inc. (AMEX: NGD)’s stock price has gone decline by -3.85 in comparison to its previous close of 1.30, however, the company has experienced a -8.09% decrease in its stock price over the last five trading days.
Is It Worth Investing in New Gold Inc. (AMEX: NGD) Right Now?
, and the 36-month beta value for NGD is at 1.54. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for NGD is 680.19M, and currently, shorts hold a 0.26% of that float. The average trading volume for NGD on May 24, 2023 was 4.09M shares.
NGD’s Market Performance
The stock of New Gold Inc. (NGD) has seen a -8.09% decrease in the past week, with a -3.10% drop in the past month, and a 41.76% gain in the past quarter. The volatility ratio for the week is 4.55%, and the volatility levels for the past 30 days are at 5.26% for NGD. The simple moving average for the past 20 days is -7.95% for NGD’s stock, with a 22.94% simple moving average for the past 200 days.
NGD Trading at 3.01% 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 -15.54% of loss for the given period.
Volatility was left at 5.26%, however, over the last 30 days, the volatility rate increased by 4.55%, as shares sank -1.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.41% upper at present.
During the last 5 trading sessions, NGD fell by -8.09%, which changed the moving average for the period of 200-days by +54.38% in comparison to the 20-day moving average, which settled at $1.3570. In addition, New Gold Inc. saw 27.55% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NGD
Current profitability levels for the company are sitting at:
- -2.57 for the present operating margin
- +1.29 for the gross margin
The net margin for New Gold Inc. stands at -11.01. The total capital return value is set at -1.10, while invested capital returns managed to touch -4.73.
Based on New Gold Inc. (NGD), the company’s capital structure generated 42.19 points at debt to equity in total, while total debt to capital is 29.67. Total debt to assets is 18.04, with long-term debt to equity ratio resting at 41.29. Finally, the long-term debt to capital ratio is 29.04.
When we switch over and look at the enterprise to sales, we see a ratio of 1.68, with the company’s debt to enterprise value settled at 0.48. The receivables turnover for the company is 28.03 and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.21.
In conclusion, New Gold Inc. (NGD) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.