The stock of New Gold Inc (NGD) has gone down by -1.10% for the week, with a 7.14% rise in the past month and a 35.34% rise in the past quarter. The volatility ratio for the week is 6.20%, and the volatility levels for the past 30 days are 6.37% for NGD.. The simple moving average for the past 20 days is 5.63% for NGD’s stock, with a 44.11% simple moving average for the past 200 days.
Is It Worth Investing in New Gold Inc (AMEX: NGD) Right Now?
Company’s 36-month beta value is 1.54.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 2 as “sell.”
The public float for NGD is 646.84M, and currently, short sellers hold a 0.95% ratio of that floaft. The average trading volume of NGD on April 15, 2024 was 6.33M shares.
NGD) stock’s latest price update
New Gold Inc (AMEX: NGD) has experienced a decline in its stock price by -2.17 compared to its previous closing price of 1.84. However, the company has seen a fall of -1.10% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-12 that Investors interested in stocks from the Mining – Gold sector have probably already heard of New Gold (NGD) and Triple Flag Precious Metals (TFPM). But which of these two stocks presents investors with the better value opportunity right now?
Analysts’ Opinion of NGD
Many brokerage firms have already submitted their reports for NGD stocks, with Scotiabank repeating the rating for NGD by listing it as a “Sector Perform.” The predicted price for NGD in the upcoming period, according to Scotiabank is $1.25 based on the research report published on March 03, 2023 of the previous year 2023.
RBC Capital Mkts gave a rating of “Outperform” to NGD, setting the target price at $1.25 in the report published on October 03rd of the previous year.
NGD Trading at 23.39% 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 -3.74% of loss for the given period.
Volatility was left at 6.37%, however, over the last 30 days, the volatility rate increased by 6.20%, as shares surge +7.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +47.54% upper at present.
During the last 5 trading sessions, NGD fell by -1.10%, which changed the moving average for the period of 200-days by +71.43% in comparison to the 20-day moving average, which settled at $1.7100. In addition, New Gold Inc saw 23.29% 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:
- 0.08 for the present operating margin
- 0.15 for the gross margin
The net margin for New Gold Inc stands at -0.08. The total capital return value is set at 0.03. Equity return is now at value -7.38, with -2.85 for asset returns.
Based on New Gold Inc (NGD), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.73. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is 4.04.
Currently, EBITDA for the company is 301.22 million with net debt to EBITDA at 0.72. When we switch over and look at the enterprise to sales, we see a ratio of 1.83. The receivables turnover for the company is 47.4for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.54.
Conclusion
In a nutshell, New Gold Inc (NGD) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
