The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, New Found Gold Corp (AMEX: NFGC) closed at $2.34 down -3.31% from its previous closing price of $2.42. In other words, the price has decreased by -$3.31 from its previous closing price. On the day, 1.15 million shares were traded. NFGC stock price reached its highest trading level at $2.45 during the session, while it also had its lowest trading level at $2.265.
Ratios:
For a deeper understanding of New Found Gold Corp’s stock, let’s take a closer look at its various 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 573777472 and an Enterprise Value of 472543776.
Stock Price History:
The Beta on a monthly basis for NFGC is 1.41, which has changed by -0.067729056 over the last 52 weeks, in comparison to a change of 0.16766965 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 25.96%, while the 200-Day Moving Average is calculated to be 46.04%.
Shares Statistics:
For the past three months, NFGC has traded an average of 1.03M shares per day and 1656690 over the past ten days. 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 4.75, compared to 1755216000 on 5009458.
