New Gold Inc. (AMEX: NGD) kicked off on January 23, 2023, at the price of $1.15, up 2.63% from the previous trading day. During the day, the shares moved up to $1.19 and dropped to $1.12 before settling in for the closing price of $1.14. Over the past 52 weeks, NGD has traded in a range of $0.61-$2.02.
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While this was happening, its average annual earnings per share was recorded -125.00%. With a float of $680.19 million, this company’s outstanding shares have now reached $682.30 million.
In an organization with 1566 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +21.19, operating margin of +18.13, and the pretax margin is +21.41.
New Gold Inc. (NGD) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Gold Industry. The insider ownership of New Gold Inc. is 3.60%, while institutional ownership is 55.10%.
New Gold Inc. (NGD) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/29/2022, the organization reported -$0.02 earnings per share (EPS), higher than consensus estimate (set at -$0.02) by $0. This company achieved a net margin of +18.78 while generating a return on equity of 15.93. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -125.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.00% during the next five years compared to 2.78% growth over the previous five years of trading.
New Gold Inc. (AMEX: NGD) Trading Performance Indicators
Take a look at New Gold Inc.’s (NGD) current performance indicators. Last quarter, stock had a quick ratio of 1.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.17, a number that is poised to hit -0.00 in the next quarter and is forecasted to reach 0.08 in one year’s time.
Technical Analysis of New Gold Inc. (NGD)
Let’s dig in a bit further. During the last 5-days, its volume was 2.65 million. That was inferior than the volume of 2.72 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 77.83%. Additionally, its Average True Range was 0.06.
During the past 100 days, New Gold Inc.’s (NGD) raw stochastic average was set at 87.48%, which indicates a significant decrease from 90.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.24% in the past 14 days, which was lower than the 72.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.0739, while its 200-day Moving Average is $1.0627. However, in the short run, New Gold Inc.’s stock first resistance to watch stands at $1.2000. Second resistance stands at $1.2300. The third major resistance level sits at $1.2700. If the price goes on to break the first support level at $1.1300, it is likely to go to the next support level at $1.0900. The third support level lies at $1.0600 if the price breaches the second support level.
New Gold Inc. (AMEX: NGD) Key Stats
The company with the Market Capitalisation of 773.32 million has total of 682,277K Shares Outstanding. Its annual sales at the moment are 745,500 K in contrast with the sum of 140,600 K annual income. Company’s last quarter sales were recorded 151,200 K and last quarter income was -4,200 K.