The 36-month beta value for NEWP is also noteworthy at 1.25. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The average price estimated by analysts for NEWP is $4.78, which is $3.12 above than the current price. The public float for NEWP is 90.41M, and at present, short sellers hold a 0.76% of that float. The average trading volume of NEWP on November 17, 2023 was 173.46K shares.
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NEWP) stock’s latest price update
New Pacific Metals Corp (AMEX: NEWP)’s stock price has soared by 7.10 in relation to previous closing price of 1.55. Nevertheless, the company has seen a gain of 9.21% in its stock price over the last five trading days. Kitco reported 2023-10-11 that (Kitco News) – Mining is “embedded in the DNA of Bolivian culture,” says Andrew Williams, the newly appointed CEO of New Pacific Metals (TSX:NUAG).
NEWP’s Market Performance
NEWP’s stock has risen by 9.21% in the past week, with a monthly drop of -6.21% and a quarterly drop of -27.51%. The volatility ratio for the week is 6.97% while the volatility levels for the last 30 days are 6.48% for New Pacific Metals Corp The simple moving average for the past 20 days is 3.70% for NEWP’s stock, with a -27.65% simple moving average for the past 200 days.
NEWP Trading at -8.48% from the 50-Day Moving Average
After a stumble in the market that brought NEWP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.39% of loss for the given period.
Volatility was left at 6.48%, however, over the last 30 days, the volatility rate increased by 6.97%, as shares sank -2.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.66% lower at present.
During the last 5 trading sessions, NEWP rose by +9.21%, which changed the moving average for the period of 200-days by -38.06% in comparison to the 20-day moving average, which settled at $1.5987. In addition, New Pacific Metals Corp saw -26.22% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NEWP
The total capital return value is set at -7.17, while invested capital returns managed to touch -7.02. Equity return is now at value -6.04, with -5.89 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.23.
Conclusion
In summary, New Pacific Metals Corp (NEWP) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
