New Gold Inc (AMEX: NGD) kicked off on Monday, down -6.01% from the previous trading day, before settling in for the closing price of $2.83. Over the past 52 weeks, NGD has traded in a range of $1.09-$3.25.
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A company in the Basic Materials sector has jumped its sales by 6.76% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 179.23%. With a float of $760.06 million, this company’s outstanding shares have now reached $790.90 million.
In an organization with 1542 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 16.31%, operating margin of 11.12%, and the pretax margin is -1.5%.
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 3.90%, while institutional ownership is 55.21%.
New Gold Inc (NGD) Latest Financial update
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -0.01 earnings per share (EPS), lower than consensus estimate (set at 0.02) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 179.23% per share during the next fiscal year.
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 0.84. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.41. Likewise, its price to free cash flow for the trailing twelve months is 42.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.02, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 0.34 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 8.27 million. That was inferior than the volume of 8.27 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 76.35%. Additionally, its Average True Range was 0.13.
During the past 100 days, New Gold Inc’s (NGD) raw stochastic average was set at 54.96%, which indicates a significant increase from 46.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.34% in the past 14 days, which was higher than the 53.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.85, while its 200-day Moving Average is $2.18. However, in the short run, New Gold Inc’s stock first resistance to watch stands at $2.75. Second resistance stands at $2.84. The third major resistance level sits at $2.90. If the price goes on to break the first support level at $2.60, it is likely to go to the next support level at $2.54. The third support level lies at $2.45 if the price breaches the second support level.
New Gold Inc (AMEX: NGD) Key Stats
The company with the Market Capitalisation of 2.90 billion has total of 790,901K Shares Outstanding. Its annual sales at the moment are 786,500 K in contrast with the sum of -64,500 K annual income. Company’s last quarter sales were recorded 252,000 K and last quarter income was 37,900 K.
