Newton Golf Co (NASDAQ:NWTG) price closed lower on Monday, March 17, and dropping -34.00% below its previous close.
A look at the daily price movement shows that the last close reads $3.00, with intraday deals fluctuated between $1.76 and $2.67. Taking into account the 52-week price action we note that the stock hit a 52-week high of $195.36 and 52-week low of $2.70. The stock subtracted -88.92% on its value in the past month.
Newton Golf Co, which has a market valuation of $0.59 million, is expected to release its quarterly earnings report in April.
On average, analysts have forecast the company’s revenue for the quarter will hit 1.09M, with the likely lows of 1.09M and highs of 1.09M. Staying with the analyst view, there is a consensus estimate of 3.46M for the company’s annual revenue in current year.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give NWTG a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that NWTG’s price is at present -82.26% off the SMA20 and -84.65% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 34.43, with weekly volatility standing at 42.97%. The indicator jumps to 43.39% when calculated based on the past 30 days. Newton Golf Co (NASDAQ:NWTG)’s beta value is holding at 4.71, while the average true range (ATR) indicator is currently reading 3.69.
An analysis of the Newton Golf Co (NASDAQ:NWTG) stock in terms of its daily trading volume indicates that the 3-month average is 792.69K. However, this figure increases on the past 10-day timeline to an average of 2.53 million.
Current records show that the company has 0.49M in outstanding shares. The insiders’ percentage holdings are 15.79% of outstanding shares while the percentage share held by institutions stands at 13.75%. But the -84.28% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
