Company’s 36-month beta value is 0.80.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NFGC is 112.89M, and currently, short sellers hold a 3.98% ratio of that floaft. The average trading volume of NFGC on November 20, 2024 was 533.08K shares.
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NFGC) stock’s latest price update
New Found Gold Corp (AMEX: NFGC) has seen a decline in its stock price by -7.30 in relation to its previous close of 1.78. However, the company has experienced a -11.29% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-15 that VANCOUVER, BC, Nov. 15, 2024 /PRNewswire/ – New Found Gold Corp. (“New Found” or the “Company”) (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce that the Company has filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) technical report for New Found’s 100% owned Queensway Project, entitled “NI 43-101 Technical Report, New Found Gold Corp.’s Queensway Gold Project in Newfoundland and Labrador, Canada: 2024 Property Expansion and Exploration Update”, with an effective date of November 1, 2024 (the “Technical Report”). The purpose of the Technical Report is to provide an update on the Queensway Project expanded land position, including the Company’s acquisition of the Kingsway Property (as defined below), and new exploration activities.
NFGC’s Market Performance
NFGC’s stock has fallen by -11.29% in the past week, with a monthly drop of -36.78% and a quarterly drop of -43.69%. The volatility ratio for the week is 6.34% while the volatility levels for the last 30 days are 6.20% for New Found Gold Corp The simple moving average for the last 20 days is -22.10% for NFGC stock, with a simple moving average of -45.41% for the last 200 days.
Analysts’ Opinion of NFGC
Many brokerage firms have already submitted their reports for NFGC stocks, with ROTH MKM repeating the rating for NFGC by listing it as a “Buy.” The predicted price for NFGC in the upcoming period, according to ROTH MKM is $9 based on the research report published on August 15, 2023 of the previous year 2023.
NFGC Trading at -31.29% from the 50-Day Moving Average
After a stumble in the market that brought NFGC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -60.23% of loss for the given period.
Volatility was left at 6.20%, however, over the last 30 days, the volatility rate increased by 6.34%, as shares sank -35.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.07% lower at present.
During the last 5 trading sessions, NFGC fell by -12.37%, which changed the moving average for the period of 200-days by -50.76% in comparison to the 20-day moving average, which settled at $2.1170. In addition, New Found Gold Corp saw -52.86% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NFGC
The total capital return value is set at -0.83. Equity return is now at value -89.92, with -77.02 for asset returns.
Currently, EBITDA for the company is -102.04 million with net debt to EBITDA at 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.36.
Conclusion
In a nutshell, New Found Gold Corp (NFGC) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
