Newton Golf Co (NASDAQ:NWTG) price on Friday, April 11, fall -6.09% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.85.
A look at the stock’s price movement, the close in the last trading session was $1.97, moving within a range at $1.84 and $2.038. Turning to its 52-week performance, $195.00 and $1.35 were the 52-week high and 52-week low respectively. Overall, NWTG moved -55.95% over the past month.
Newton Golf Co’s market cap currently stands at around $7.94 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-30.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NWTG is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
NWTG’s current price about -5.61% and -79.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.42, while 7-day volatility ratio is 32.12% and 26.81% in the 30-day chart. Further, Newton Golf Co (NWTG) has a beta value of 3.96, and an average true range (ATR) of 1.31.
If we refocus on Newton Golf Co (NASDAQ:NWTG), historical trading data shows that trading volumes averaged 13.95 over the past 10 days and 3.34 million over the past 3 months. The company’s latest data on shares outstanding shows there are 4.29 million shares.
The 1.85% of Newton Golf Co’s shares are in the hands of company insiders while institutional holders own 0.94% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.2 million on 2025-02-28, giving us a short ratio of 0.26. The data shows that as of 2025-02-28 short interest in Newton Golf Co (NWTG) stood at 7187.999499999999 of shares outstanding, with shares short rising to 86859.0 registered in 2025-01-31. Current price change has pushed the stock -85.31% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NWTG stock continues to rise going into the next quarter.
