Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
After finishing at $2.95 in the prior trading day, New Found Gold Corp (AMEX: NFGC) closed at $3.09, up 4.75%. In other words, the price has increased by $4.75 from its previous closing price. On the day, 1.75 million shares were traded. NFGC stock price reached its highest trading level at $3.1899 during the session, while it also had its lowest trading level at $2.965.
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 4.04 and its Current Ratio is at 4.04. 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 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 1057405696 and an Enterprise Value of 685834560.
Stock Price History:
The Beta on a monthly basis for NFGC is 1.57, which has changed by 0.52849746 over the last 52 weeks, in comparison to a change of 0.17673707 over the same period for the S&P500. Over the past 52 weeks, NFGC has reached a high of $3.32, while it has fallen to a 52-week low of $0.93. The 50-Day Moving Average of the stock is 27.06%, while the 200-Day Moving Average is calculated to be 70.39%.
Shares Statistics:
The stock has traded on average 1.70M shares per day over the past 3-months and 2190400 shares per day over the last 10 days, according to various share statistics. A total of 243.04M shares are outstanding, with a floating share count of 224.87M. Insiders hold about 33.35% of the company’s shares, while institutions hold 7.27% stake in the company. Shares short for NFGC as of 1765756800 were 5010327 with a Short Ratio of 3.00, compared to 1763078400 on 8918059.
Revenue Estimates
For the next quarter, 1 analysts are estimating revenue of $44.1M. There is a high estimate of $44.1M for the next quarter, whereas the lowest estimate is $44.1M. Based on 2 analysts’ estimates, the company’s revenue will be $175.1M in the next fiscal year. The high estimate is $239.8M and the low estimate is $110.4M.
