For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
After finishing at $1.59 in the prior trading day, New Found Gold Corp (AMEX: NFGC) closed at $1.12, down -29.56%. In other words, the price has decreased by -$29.56 from its previous closing price. On the day, 6.98 million shares were traded. NFGC stock price reached its highest trading level at $1.28 during the session, while it also had its lowest trading level at $1.08.
Ratios:
Our goal is to gain a better understanding of NFGC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.03 and its Current Ratio is at 4.03. 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 224680960 and an Enterprise Value of 303555616.
Stock Price History:
The Beta on a monthly basis for NFGC is 0.76, which has changed by -0.6818182 over the last 52 weeks, in comparison to a change of 0.10063088 over the same period for the S&P500. Over the past 52 weeks, NFGC has reached a high of $4.15, while it has fallen to a 52-week low of $1.51. The 50-Day Moving Average of the stock is -36.15%, while the 200-Day Moving Average is calculated to be -50.78%.
Shares Statistics:
The stock has traded on average 565.97K shares per day over the past 3-months and 1418700 shares per day over the last 10 days, according to various share statistics. A total of 200.46M shares are outstanding, with a floating share count of 119.04M. Insiders hold about 40.66% of the company’s shares, while institutions hold 5.01% stake in the company. Shares short for NFGC as of 1740700800 were 4748197 with a Short Ratio of 8.39, compared to 1738281600 on 5255020.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
