New Gold Inc. Inc. (NGD) Price Performance: The Impact of Insider Trading and Institutional Holdings

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant gain of 1.46% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -0.57%. Over the past 30 days, the price of NGD has leaped by -21.09%. And in the last five days, it has fallen by -7.94%.

The current stock price for New Gold Inc. (NGD) is $0.99. The stock experienced a significant increase during the last trading session, reaching $1.05 after opening at $1.01. It dipped to a low of $0.98 before ultimately closing at $1.03.

New Gold Inc. had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $1.48 on 05/09/23, while the lowest price during the same period was $0.61 on 09/07/22.

52-week price history of NGD Stock

The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. New Gold Inc.’s current trading price is -32.82% away from its 52-week high, while its distance from the 52-week low is 62.73%. The stock’s price range for this period has been between $0.61 and $1.48. The Basic Materials sector company’s shares saw a trading volume of about 4.52 million for the day, which was higher than the average daily volume of 2.94 million over the last three months.

The Connection Between Financial Performance and Market Capitalization

New Gold Inc. (NGD) has experienced a quarterly decline of -29.48% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 637.59M and boasts a workforce of 1578 employees.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.1941, with a change in price of +0.0616. Similarly, New Gold Inc. recorded 3,326,610 in trading volume during the last 100 days, posting a change of +6.60%.

NGD’s Debt-to-Equity Ratio: A Comprehensive Review

A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for NGD stands at 0.45. Similarly, the long-term debt-to-equity ratio is also 0.45.

NGD Stock Stochastic Average

As of today, the raw stochastic average of New Gold Inc. over the last 50 days is at 18.02%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 18.03%. Further, the company’s Stochastic %K and %D values for the last 20 days were 24.65% and 21.14%, respectively.

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