New Gold Inc (AMEX: NGD) on Monday, soared 5.33% from the previous trading day, before settling in for the closing price of $3.19. Within the past 52 weeks, NGD’s price has moved between $1.52 and $3.31.
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A company in the Basic Materials sector has jumped its sales by 8.92% annually for the last half of the decade. The company achieved an average annual earnings per share of 56.80%. With a float of $760.39 million, this company’s outstanding shares have now reached $790.93 million.
In an organization with 1542 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 24.5%, operating margin of 18.91%, and the pretax margin is 9.09%.
New Gold Inc (NGD) Insider Updates
Observing investor behavior towards Gold industry stocks is more important than anything else. The insider ownership of New Gold Inc is 3.91%, while institutional ownership is 54.04%.
New Gold Inc (NGD) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 56.80% per share during the next fiscal year.
New Gold Inc (AMEX: NGD) Trading Performance Indicators
New Gold Inc (NGD) is currently performing well based on its current performance indicators. A quick ratio of 0.79 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.91. Likewise, its price to free cash flow for the trailing twelve months is 29.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.12, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach 0.64 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 21.83 million. That was better than the volume of 15.21 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 89.67%. Additionally, its Average True Range was 0.16.
During the past 100 days, New Gold Inc’s (NGD) raw stochastic average was set at 97.89%, which indicates a significant increase from 97.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.40% in the past 14 days, which was higher than the 51.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.87, while its 200-day Moving Average is $2.61. However, in the short run, New Gold Inc’s stock first resistance to watch stands at $3.43. Second resistance stands at $3.50. The third major resistance level sits at $3.62. If the price goes on to break the first support level at $3.24, it is likely to go to the next support level at $3.12. Assuming the price breaks the second support level, the third support level stands at $3.05.
New Gold Inc (AMEX: NGD) Key Stats
Market capitalization of the company is 2.66 billion based on 790,930K outstanding shares. Right now, sales total 924,500 K and income totals 102,600 K. The company made 262,200 K in profit during its latest quarter, and 55,100 K in sales during its previous quarter.
