New Gold Inc (NGD) Beta: Monthly Comparison and Analysis

New Gold Inc (AMEX: NGD) closed the day trading at $1.19 down -4.03% from the previous closing price of $1.24. In other words, the price has decreased by -$0.0500 from its previous closing price. On the day, 4935563 shares were traded. NGD stock price reached its highest trading level at $1.2500 during the session, while it also had its lowest trading level at $1.1600.

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Ratios:

For a better understanding of NGD, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.63. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.45.

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 803.42M and an Enterprise Value of 1.02B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.08 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 1.35 whereas that against EBITDA is 5.19.

Stock Price History:

Over the past 52 weeks, NGD has reached a high of $1.61, while it has fallen to a 52-week low of $0.82. The 50-Day Moving Average of the stock is 1.3640, while the 200-Day Moving Average is calculated to be 1.1962.

Shares Statistics:

Over the past 3-months, NGD traded about 1.38 shares per day on average, while over the past 10 days, NGD traded about 3.63M shares per day. A total of 682.28M shares are outstanding, with a floating share count of 681.86M. Insiders hold about 0.39% of the company’s shares, while institutions hold 45.40% stake in the company. Shares short for NGD as of Jan 31, 2024 were 3.61M with a Short Ratio of 1.00, compared to 3.94M on Dec 29, 2023.

Earnings Estimates

Current recommendations for the stock of the company come from 9 analysts. On average, analysts expect EPS of $0.02 for the current quarter, with a high estimate of $0.05 and a low estimate of $0.01, while EPS last year was -$0.01. The consensus estimate for the next quarter is $0.03, with high estimates of $0.05 and low estimates of -$0.02.

Analysts are recommending an EPS of between $0.12 and $0.09 for the fiscal current year, implying an average EPS of $0.1. EPS for the following year is $0.13, with 10 analysts recommending between $0.27 and $0.03.

Revenue Estimates

3 analysts predict $191.07M in revenue for the current quarter. It ranges from a high estimate of $196.5M to a low estimate of $181.7M. As of the current estimate, New Gold Inc’s year-ago sales were $162.8M, an estimated increase of 17.40% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $206.72M, an increase of 2.50% less than the figure of $17.40% in the same quarter last year. There is a high estimate of $206.72M for the next quarter, whereas the lowest estimate is $206.72M.

A total of 9 analysts have provided revenue estimates for NGD’s current fiscal year. The highest revenue estimate was $793M, while the lowest revenue estimate was $737.5M, resulting in an average revenue estimate of $779.9M. In the same quarter a year ago, actual revenue was $604.4M, up 29.00% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $877M in the next fiscal year. The high estimate is $957M and the low estimate is $744.1M. The average revenue growth estimate for next year is up 12.50% from the average revenue estimate for this year.

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