The stock of New Gold Inc (NGD) has gone up by 1.48% for the week, with a 1.85% rise in the past month and a -6.14% drop in the past quarter. The volatility ratio for the week is 4.25%, and the volatility levels for the past 30 days are 3.91% for NGD. The simple moving average for the past 20 days is 5.87% for NGD’s stock, with a 14.44% simple moving average for the past 200 days.
Is It Worth Investing in New Gold Inc (AMEX: NGD) Right Now?
The price-to-earnings ratio for New Gold Inc (AMEX: NGD) is 176.28x, which is above its average ratio. Moreover, the 36-month beta value for NGD is 1.34. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for NGD is 759.99M and currently, short sellers hold a 0.73% of that float. On January 20, 2025, NGD’s average trading volume was 8.82M shares.
NGD) stock’s latest price update
The stock of New Gold Inc (AMEX: NGD) has decreased by 0.00 when compared to last closing price of 2.75. Despite this, the company has experienced a 1.48% gain in its stock price over the last five trading sessions. zacks.com reported 2025-01-16 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
NGD Trading at 2.24% 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 -15.38% of loss for the given period.
Volatility was left at 3.91%, however, over the last 30 days, the volatility rate increased by 4.25%, as shares surge +3.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.36% lower at present.
During the last 5 trading sessions, NGD rose by +1.48%, which changed the moving average for the period of 200-days by +60.82% in comparison to the 20-day moving average, which settled at $2.60. In addition, New Gold Inc saw 10.89% 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 0.76. 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 1.23. When we switch over and look at the enterprise to sales, we see a ratio of 2.9. 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
To wrap up, the performance of New Gold Inc (NGD) has been better in recent times. The stock has received a mixed of “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.
