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After finishing at $2.3 in the prior trading day, New Found Gold Corp (AMEX: NFGC) closed at $2.41, up 4.78%. In other words, the price has increased by $4.78 from its previous closing price. On the day, 1.6 million shares were traded. NFGC stock price reached its highest trading level at $2.43 during the session, while it also had its lowest trading level at $2.34.
Ratios:
Our goal is to gain a better understanding of NFGC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.32 and its Current Ratio is at 3.32. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of. The stock’s future direction. In the most recent recommendation for this company, ROTH MKM on August 15, 2023, initiated with a Buy rating and assigned the stock a target price of $9.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NFGC now has a Market Capitalization of 586406144 and an Enterprise Value of 488695424.
Stock Price History:
The Beta on a monthly basis for NFGC is 1.41, which has changed by 0.0041667223 over the last 52 weeks, in comparison to a change of 0.1719923 over the same period for the S&P500. Over the past 52 weeks, NFGC has reached a high of $2.81, while it has fallen to a 52-week low of $0.93. The 50-Day Moving Average of the stock is 28.06%, while the 200-Day Moving Average is calculated to be 49.72%.
Shares Statistics:
The stock has traded on average 1.06M shares per day over the past 3-months and 1651990 shares per day over the last 10 days, according to various share statistics. A total of 229.74M shares are outstanding, with a floating share count of 129.12M. Insiders hold about 46.87% of the company’s shares, while institutions hold 6.68% stake in the company. Shares short for NFGC as of 1757894400 were 4893700 with a Short Ratio of 4.62, compared to 1755216000 on 5009458.
