The stock price of New Gold Inc (AMEX: NGD) has jumped by 1.60 compared to previous close of 2.81. Despite this, the company has seen a gain of 1.96% in its stock price over the last five trading days. zacks.com reported 2024-10-10 that When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock’s price, but are they really important?
Is It Worth Investing in New Gold Inc (AMEX: NGD) Right Now?
Additionally, the 36-month beta value for NGD is 1.31. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 6 rating it as “hold,” and 2 rating it as “sell.”
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The public float for NGD is 751.56M and currently, short sellers hold a 0.98% ratio of that float. The average trading volume of NGD on October 11, 2024 was 9.13M shares.
NGD’s Market Performance
NGD’s stock has seen a 1.96% increase for the week, with a -1.21% drop in the past month and a 21.49% gain in the past quarter. The volatility ratio for the week is 2.82%, and the volatility levels for the past 30 days are at 4.05% for New Gold Inc. The simple moving average for the past 20 days is -3.46% for NGD’s stock, with a 46.00% simple moving average for the past 200 days.
NGD Trading at 7.38% 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 -12.15% of loss for the given period.
Volatility was left at 4.05%, however, over the last 30 days, the volatility rate increased by 2.82%, as shares sank -8.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.92% upper at present.
During the last 5 trading sessions, NGD rose by +1.79%, which changed the moving average for the period of 200-days by +90.01% in comparison to the 20-day moving average, which settled at $2.96. In addition, New Gold Inc saw 95.55% 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:
- 0.07 for the present operating margin
- 0.11 for the gross margin
The net margin for New Gold Inc stands at -0.03. The total capital return value is set at 0.03. Equity return is now at value -2.23, with -0.97 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 0.63. The debt to equity ratio resting at 0.52. The interest coverage ratio of the stock is 4.85.
Currently, EBITDA for the company is 301.22 million with net debt to EBITDA at 0.99. When we switch over and look at the enterprise to sales, we see a ratio of 3.18. The receivables turnover for the company is 46.78for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.50.
Conclusion
In conclusion, New Gold Inc (NGD) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
