Closing Figures Unveiled: New Found Gold Corp (NFGC) Drop -3.07, Closes at 1.58

Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.

New Found Gold Corp (AMEX: NFGC) closed the day trading at $1.58 down -3.07% from the previous closing price of $1.63. In other words, the price has decreased by -$3.07 from its previous closing price. On the day, 0.54 million shares were traded. NFGC stock price reached its highest trading level at $1.6303 during the session, while it also had its lowest trading level at $1.555.

Ratios:

For a better understanding of NFGC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.49 and its Current Ratio is at 4.49. 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 362986048 and an Enterprise Value of 304041824.

Stock Price History:

The Beta on a monthly basis for NFGC is 1.04, which has changed by -0.40601504 over the last 52 weeks, in comparison to a change of 0.16821623 over the same period for the S&P500. Over the past 52 weeks, NFGC has reached a high of $3.19, while it has fallen to a 52-week low of $0.93. The 50-Day Moving Average of the stock is 5.22%, while the 200-Day Moving Average is calculated to be -4.07%.

Shares Statistics:

Over the past 3-months, NFGC traded about 1.14M shares per day on average, while over the past 10 days, NFGC traded about 668170 shares per day. A total of 200.61M shares are outstanding, with a floating share count of 128.40M. Insiders hold about 44.11% of the company’s shares, while institutions hold 5.34% stake in the company. Shares short for NFGC as of 1752537600 were 5195891 with a Short Ratio of 4.56, compared to 1749772800 on 4670585.