New Pacific Metals Corp (NEWP) Stock Faces 9.97% Weekly Volatility

The stock of New Pacific Metals Corp (NEWP) has seen a 31.40% increase in the past week, with a 54.37% gain in the past month, and a -16.75% decrease in the past quarter. The volatility ratio for the week is 9.97%, and the volatility levels for the past 30 days are at 9.23% for NEWP. The simple moving average for the past 20 days is 42.68% for NEWP’s stock, with a -11.45% simple moving average for the past 200 days.

Is It Worth Investing in New Pacific Metals Corp (AMEX: NEWP) Right Now?

The stock has a 36-month beta value of 1.34. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for NEWP is 91.30M, and at present, short sellers hold a 2.14% of that float. On April 03, 2024, the average trading volume of NEWP was 292.46K shares.

NEWP) stock’s latest price update

New Pacific Metals Corp (AMEX: NEWP)’s stock price has gone rise by 6.71 in comparison to its previous close of 1.49, however, the company has experienced a 31.40% increase in its stock price over the last five trading days. Barrons reported 2024-04-01 that Strategists at Evercore have come up with a list of companies they believe are positioned to repurchase their shares.

NEWP Trading at 37.41% 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 -47.70% of loss for the given period.

Volatility was left at 9.23%, however, over the last 30 days, the volatility rate increased by 9.97%, as shares surge +44.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.92% upper at present.

During the last 5 trading sessions, NEWP rose by +31.40%, which changed the moving average for the period of 200-days by -29.96% in comparison to the 20-day moving average, which settled at $1.1389. In addition, New Pacific Metals Corp saw -16.75% 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 -0.04. Equity return is now at value -5.78, with -5.67 for asset returns.

Currently, EBITDA for the company is -7.83 million with net debt to EBITDA at 3.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 23.22.

Conclusion

To sum up, New Pacific Metals Corp (NEWP) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.

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