Insider’s View: Deciphering New Gold Inc (NGD)’s Financial Health Through Ratios

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The price of New Gold Inc (AMEX: NGD) closed at $2.22 in the last session, down -2.20% from day before closing price of $2.27. In other words, the price has decreased by -$2.20 from its previous closing price. On the day, 5.62 million shares were traded. NGD stock price reached its highest trading level at $2.28 during the session, while it also had its lowest trading level at $2.19.

Ratios:

We take a closer look at NGD’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 1.51. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.54.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NGD now has a Market Capitalization of 1768110208 and an Enterprise Value of 1767120384. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.26 while its Price-to-Book (P/B) ratio in mrq is 2.08. Its current Enterprise Value per Revenue stands at 2.274 whereas that against EBITDA is 5.974.

Stock Price History:

Over the past 52 weeks, NGD has reached a high of $2.46, while it has fallen to a 52-week low of $0.86. The 50-Day Moving Average of the stock is 8.17%, while the 200-Day Moving Average is calculated to be 42.60%.

Shares Statistics:

According to the various share statistics, NGD traded on average about 9.12M shares per day over the past 3-months and 8295220 shares per day over the past 10 days. A total of 790.48M shares are outstanding, with a floating share count of 751.45M. Insiders hold about 4.94% of the company’s shares, while institutions hold 43.45% stake in the company. Shares short for NGD as of 1719532800 were 4537004 with a Short Ratio of 0.50, compared to 1717113600 on 4573542.

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