New Gold Inc (AMEX:NGD) shares, rose in value, with the stock price up by 2.16% to the previous day’s close as strong demand from buyers drove the stock to $3.55.
Actively observing the price movement in the recent trading, the stock is buoying the session at $3.47, falling within a range of $3.4749 and $3.55. The value of beta (5-year monthly) is 1.607 whereas the PE ratio is 28.43 over 12-month period. Referring to stock’s 52-week performance, its high was $3.56, and the low was $1.58. On the whole, NGD has fluctuated by 25.27% over the past month.
With the market capitalization of New Gold Inc currently standing at about $2.81 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-18.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.15B, with a low estimate of 191.4M and a high estimate of 191.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 191.4M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NGD’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.57, with the price of NGD currently trading nearly 14.09% and 18.78% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.88, while the 7-day volatility ratio is showing 3.23% which for the 30-day chart, stands at 4.69%. Furthermore, New Gold Inc (NGD)’s beta value is 1.02, and its average true range (ATR) is 0.15.
A comparison of New Gold Inc (NGD) with its peers suggests the former has fared considerably weaker in the market. NGD showed an intraday change of 2.16% in today’s session so far, and over the past year, it grew by 124.37%%.
Data on historical trading for New Gold Inc (AMEX:NGD) indicates that the trading volumes over the past 10 days have averaged 20.15 and over the past 3 months, they’ve averaged 15.18 million. According to company’s latest data on outstanding shares, there are 790.93 million shares outstanding.
Nearly 3.91% of New Gold Inc’s shares belong to company insiders and institutional investors own 54.09% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.18 million shares as on 2025-03-14, resulting in a short ratio of 0.63. The stock has risen by 42.94% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NGD stock heading into the next quarter.
