Check Out Insider Trades For New Gold Inc. (NGD) Stock

New Gold Inc. (AMEX:NGD) saw a downside of -1.45% to close Friday at $1.36 after subtracting -$0.02 on the day. The 5-day average trading volume is 6,499,800 shares of the company’s common stock. It has gained $1.4100 in the past week and touched a new high 5 times within the past 5 days. An average of 5,417,420 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,100,748.

NGD’s 1-month performance is 57.74% or $0.4988 on its low of $0.8200 reached on 03/16/23. The company’s shares have touched a 52-week low of $0.61 and high of $1.99, with the stock’s rally to the 52-week high happening on 04/14/23. YTD, NGD has achieved 38.78% or $0.3800 and has reached a new high 16 times. However, the current price is down -31.66% from the 52-week high price.

Valuation Metrics

NGD stock has a beta of 1.53. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.56 while the price-to-book (PB) in the most recent quarter is 0.97.

New Gold Inc.’s quick ratio for the period ended December 30 was 1.50, with the current ratio over the same period at 2.20. As well, the company’s long term debt to equity for the quarter ending December 30 was 0.41, while the total debt to equity was 0.42. In terms of profitability, the gross margin trailing 12 months is 68.20%. The trailing 12-month EBITDA margin is 30.45% while for the period ending December 30, New Gold Inc.’s operating margin was -2.60%. The firm’s gross profit as reported stood at $221.7 million against revenue of $604.4 million.

Earnings Surprise

For the quarterly period ending December 30 this year, New Gold Inc.’s cash and short-term investments amounted to $4.3 million against total debt of $404.8 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 91.19% to -$1.23 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected NGD to announce $0 per share in earnings in its latest quarter, but it posted -$0.01. EBITDA for the quarter stood at more than $42.3 million. NGD stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 1.28 billion, with total debt at $404.8 million.

Let’s look briefly at New Gold Inc. (NGD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 14 April was 76.89% to suggest the stock is trending Overbought, with historical volatility in this time period at 77.76%.

The stock’s 5-day moving average is $1.2940, reflecting a +15.25% or $0.1800 change from its current price. NGD is currently trading +62.23% above its 20-day SMA, +29.52% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.48% and SMA200 by+16.24%.

Stochastic %K and %D was 90.89% and 88.58% and the average true range (ATR) pointed at 0.0818. The RSI (14) points at 74.14%, while the 14-day stochastic is at 88.64% with the period’s ATR at 0.0753. The stock’s 9-day MACD Oscillator is pointing at 0.1233 and 0.1674 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for NGD stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate NGD as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.

What is NGD’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $0.90 and a high of $1.86, with their median price target at $1.29. Looking at these predictions, the average price target given by analysts is for New Gold Inc. (NGD) stock is $1.29.

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