Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, New Gold Inc (AMEX: NGD) closed at $1.82 up 1.11% from its previous closing price of $1.80. In other words, the price has increased by $1.11 from its previous closing price. On the day, 5.07 million shares were traded. NGD stock price reached its highest trading level at $1.865 during the session, while it also had its lowest trading level at $1.79.
Ratios:
For a deeper understanding of New Gold Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.98 and its Current Ratio is at 1.54. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.51.
RBC Capital Mkts Upgraded its Sector Perform to Outperform on October 03, 2022, whereas the target price for the stock was revised from $1 to $1.25.
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 1249821312 and an Enterprise Value of 1456391936. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.59 while its Price-to-Book (P/B) ratio in mrq is 1.58. Its current Enterprise Value per Revenue stands at 1.852 whereas that against EBITDA is 5.029.
Stock Price History:
Over the past 52 weeks, NGD has reached a high of $1.94, while it has fallen to a 52-week low of $0.86. The 50-Day Moving Average of the stock is 16.79%, while the 200-Day Moving Average is calculated to be 41.93%.
Shares Statistics:
For the past three months, NGD has traded an average of 7.29M shares per day and 7690670 over the past ten days. A total of 687.01M shares are outstanding, with a floating share count of 646.84M. Insiders hold about 5.65% of the company’s shares, while institutions hold 48.01% stake in the company. Shares short for NGD as of 1713139200 were 5703201 with a Short Ratio of 0.78, compared to 1710460800 on 3880056.
