New Gold Inc. (NGD) Stock: A Year of Stock Market Ups and Downs

Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. New Gold Inc.’s current trading price is -11.15% away from its 52-week high, while its distance from the 52-week low is 115.22%. The stock’s price range over this period has fluctuated between $0.61 and $1.48. The company, operating within the financial sector, had a trading volume of approximately 0.92 million for the day, which was noticeably lower than the average daily share volume of 4.12 million over the last 3 months.

The stock price for New Gold Inc. (NGD) currently stands at $1.32. The stock experienced a substantial increase in the last session, hitting $1.41 after starting at $1.38. The stock’s lowest price was $1.35 before closing at $1.36.

The market performance of New Gold Inc.’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $1.48 on 05/09/23, while the lowest value for the same duration was $0.61 on 09/07/22.

Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

New Gold Inc. (NGD) has experienced a quarterly rise of 34.16% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.23B and boasts a workforce of 1566 employees.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.1136, with a change in price of +0.2800. Similarly, New Gold Inc. recorded 3,536,903 in trading volume during the last 100 days, posting a change of +27.18%.

Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis

The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for NGD stands at 0.46. Similarly, the long-term debt-to-equity ratio is also 0.45.

NGD Stock Stochastic Average

Today, New Gold Inc.’s raw stochastic average for the past 50 days stands at 74.24%, indicating a rise from the raw stochastic average of the last 20 days, which was 29.17%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 50.00% and 62.04% respectively.

NGD Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price increase of 34.18%. However, over the past six months, we’ve seen a weaker performance of 20.64%. The price of NGD leaped by -0.38% over the last 30 days. And in the last five days, it has fallen by -10.54%.

gold