The price of New Relic Inc. (NYSE: NEWR) closed at $79.75 in the last session, down -3.35% from day before closing price of $82.51. In other words, the price has decreased by -$2.76 from its previous closing price. On the day, 2591459 shares were traded. NEWR stock price reached its highest trading level at $81.50 during the session, while it also had its lowest trading level at $75.50.
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We take a closer look at NEWR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 555.43. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 1.46 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 18 when Friedrichs Kristy sold 2,673 shares for $84.05 per share. The transaction valued at 224,665 led to the insider holds 15,698 shares of the business.
Lloyd Thomas J. sold 1,079 shares of NEWR for $90,680 on May 18. The Chief Legal Officer, Corp Secy now owns 5,214 shares after completing the transaction at $84.04 per share. On May 16, another insider, Staples William, who serves as the Chief Executive Officer of the company, sold 6,343 shares for $75.40 each. As a result, the insider received 478,262 and left with 112,233 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NEWR now has a Market Capitalization of 4.92B and an Enterprise Value of 4.67B. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.19 while its Price-to-Book (P/B) ratio in mrq is 15.85. Its current Enterprise Value per Revenue stands at 5.26 whereas that against EBITDA is -43.68.
Stock Price History:
Over the past 52 weeks, NEWR has reached a high of $86.00, while it has fallen to a 52-week low of $42.40. The 50-Day Moving Average of the stock is 73.59, while the 200-Day Moving Average is calculated to be 64.21.
According to the various share statistics, NEWR traded on average about 618.73K shares per day over the past 3-months and 1.33M shares per day over the past 10 days. A total of 68.05M shares are outstanding, with a floating share count of 55.14M. Insiders hold about 0.30% of the company’s shares, while institutions hold 85.80% stake in the company. Shares short for NEWR as of Apr 27, 2023 were 1.02M with a Short Ratio of 1.02M, compared to 845.28k on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.49% and a Short% of Float of 1.83%.
The company has 15 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.24 for the current quarter, with a high estimate of $0.39 and a low estimate of $0.06, while EPS last year was -$0.26. The consensus estimate for the next quarter is $0.34, with high estimates of $0.46 and low estimates of $0.27.
Analysts are recommending an EPS of between $1.8 and $1.06 for the fiscal current year, implying an average EPS of $1.42. EPS for the following year is $1.99, with 12 analysts recommending between $2.4 and $1.68.
According to 14 analysts, the current quarter’s revenue is expected to be $251.15M. It ranges from a high estimate of $257.59M to a low estimate of $247.85M. As of the current estimate, New Relic Inc.’s year-ago sales were $216.46M, an estimated increase of 16.00% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $261.76M, an increase of 18.20% over than the figure of $16.00% in the same quarter last year. There is a high estimate of $270.02M for the next quarter, whereas the lowest estimate is $254.8M.
A total of 16 analysts have provided revenue estimates for NEWR’s current fiscal year. The highest revenue estimate was $1.11B, while the lowest revenue estimate was $1.05B, resulting in an average revenue estimate of $1.07B. In the same quarter a year ago, actual revenue was $925.63M, up 15.70% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $1.23B in the next fiscal year. The high estimate is $1.27B and the low estimate is $1.17B. The average revenue growth estimate for next year is up 15.10% from the average revenue estimate for this year.