New Found Gold Corp (AMEX:NFGC) traded at $2.59 at close of the session on current trade day and made an upward move of 7.92% on its previous day’s price.
Looking at the stock we see that its previous close was $2.40 with the day’s price range being $2.4 – $2.61. In terms of its 52-week price range, NFGC has a high of $4.63 and a low of $2.27. The company’s stock has lost about -20.80% over that past 30 days.
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New Found Gold Corp has a market cap of $509.22 million. Estimates by analysts give the company expected earnings per share (EPS) of -0.07, with the EPS growth for the year raised at -0.25 for current year and -0.25 for next year.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the New Found Gold Corp (NFGC) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -5.77% off its SMA20 and -12.75% from its 50-day simple moving average. The RSI (14) is pointing at 43.76 while the volatility over the past week is 6.75% and jumps to 6.05% over the past one month. The beta value is 0.89, while the average true range (ATR) is currently pointing at 0.16.
Coming back to New Found Gold Corp (AMEX:NFGC), we note that the average 3-month trading volume was 446.32K, while that of the preceding 10-day period stands at 0.54 million. Current shares outstanding are 186.87 million.
The insiders hold 44.85% of the company’s shares while institutions hold 3.69%. The data shows that short shares as of 2024-07-15, stood at 0.62 million at a short ratio of 2.0. Shares short rose in July from the previous month at 0.57 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -26.00% down in year-to-date price movement.
