New Gold Inc (AMEX: NGD) has seen a decline in its stock price by -0.78 in relation to its previous close of 2.55. However, the company has experienced a -7.66% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-15 that Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock’s price, do they really matter?
Is It Worth Investing in New Gold Inc (AMEX: NGD) Right Now?
The price-to-earnings ratio for New Gold Inc (AMEX: NGD) is above average at 162.18x. The 36-month beta value for NGD is also noteworthy at 1.32. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 4 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 751.86M, and at present, short sellers hold a 0.78% of that float. The average trading volume of NGD on November 18, 2024 was 9.83M shares.
NGD’s Market Performance
NGD stock saw a decrease of -7.66% in the past week, with a monthly decline of -12.15% and a quarterly a decrease of -4.17%. The volatility ratio for the week is 5.29%, and the volatility levels for the last 30 days are 4.78% for New Gold Inc (NGD). The simple moving average for the last 20 days is -8.38% for NGD stock, with a simple moving average of 18.35% for the last 200 days.
NGD Trading at -11.15% 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 -22.15% of loss for the given period.
Volatility was left at 4.78%, however, over the last 30 days, the volatility rate increased by 5.29%, as shares sank -16.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.58% upper at present.
During the last 5 trading sessions, NGD fell by -7.66%, which changed the moving average for the period of 200-days by +94.62% in comparison to the 20-day moving average, which settled at $2.76. In addition, New Gold Inc saw 73.29% 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:
- 0.11 for the present operating margin
- 0.16 for the gross margin
The net margin for New Gold Inc stands at 0.02. The total capital return value is set at 0.05. Equity return is now at value 2.14, with 0.95 for asset returns.
Based on New Gold Inc (NGD), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.77. The debt to equity ratio resting at 0.45. The interest coverage ratio of the stock is 8.27.
Currently, EBITDA for the company is 192.57 million with net debt to EBITDA at 1.26. When we switch over and look at the enterprise to sales, we see a ratio of 2.7. The receivables turnover for the company is 51.49for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.42.
Conclusion
In summary, New Gold Inc (NGD) has had a mixed performance as of late. Analysts have mixed 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.
