A new trading day began on Monday, with New Gold Inc (AMEX: NGD) stock price up 0.40% from the previous day of trading, before settling in for the closing price of $2.51. NGD’s price has ranged from $1.09 to $3.25 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Basic Materials Sector giant was 6.76%. Meanwhile, its annual earnings per share averaged 190.49%. With a float of $760.06 million, this company’s outstanding shares have now reached $790.90 million.
Let’s determine the extent of company efficiency that accounts for 1542 employees. 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 Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Gold Industry. The insider ownership of New Gold Inc is 3.90%, while institutional ownership is 55.13%.
New Gold Inc (NGD) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 190.49% per share during the next fiscal year.
New Gold Inc (AMEX: NGD) Trading Performance Indicators
Here are New Gold Inc’s current performance indicators. According to the last quarter’s results, the 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 2.34. Likewise, its price to free cash flow for the trailing twelve months is 29.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.02, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach 0.36 in one year’s time.
Technical Analysis of New Gold Inc (NGD)
Looking closely at New Gold Inc (AMEX: NGD), its last 5-days average volume was 9.71 million, which is a jump from its year-to-date volume of 8.28 million. As of the previous 9 days, the stock’s Stochastic %D was 6.44%. Additionally, its Average True Range was 0.13.
During the past 100 days, New Gold Inc’s (NGD) raw stochastic average was set at 44.27%, which indicates a significant increase from 11.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.73% in the past 14 days, which was lower than the 52.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.77, while its 200-day Moving Average is $2.33. However, in the short run, New Gold Inc’s stock first resistance to watch stands at $2.55. Second resistance stands at $2.58. The third major resistance level sits at $2.63. If the price goes on to break the first support level at $2.47, it is likely to go to the next support level at $2.42. Should the price break the second support level, the third support level stands at $2.39.
New Gold Inc (AMEX: NGD) Key Stats
With a market capitalization of 1.99 billion, the company has a total of 790,900K Shares Outstanding. Currently, annual sales are 786,500 K while annual income is -64,500 K. The company’s previous quarter sales were 252,000 K while its latest quarter income was 37,900 K.
