New Relic Inc. (NEWR) Moving Averages: Key Indicators for Technical Analysis.

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

Insider Transactions:

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.

Valuation Measures:

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.

Shares Statistics:

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%.

Earnings Estimates

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.

Revenue Estimates

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.