New Relic Inc. (NEWR) Price Targets: What Do They Mean?

As of Friday close, New Relic Inc.’s (NYSE:NEWR) stock was down -$1.22, moving down -2.55 percent to $46.60. The average number of shares traded per day over the past five days has been 2,358,320 shares. 1 time new highs have been achieved over the past 5 days, with a -$10.75 fall in that time frame. In the last twenty days, the average volume was 1,248,735, while in the previous 50 days, it was 949,688.


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Since last month, NEWR stock retreated -36.86%. Shares of the company fell to $41.66 on 05/13/22, the lowest level in the past month. A 52-week high of $129.70 was reached on 01/26/22 after having rallying from a 52-week low of $45.32. Since the beginning of this year, NEWR’s stock price has dropped by -57.62% or -$63.36, and marked a new high 2 times. However, the stock has declined by -64.07% since its 52-week high.

New Relic Inc. (NEWR) last reported insider trading activity 8 days ago on May 06. Cirne Lewis, the Executive Chairman of the company, disposed of 30,000 shares for $57.71 on May 06. It resulted in a $1,731,341 divestment by the insider. Hurn Steve sold 4,642 shares at an average price of $70.52 on Apr 20. The insider now owns 24,329 shares following the transaction. On Apr 20, Chief Financial Officer Sachleben Mark sold 15,616 shares at $70.52 apiece. The transaction was valued at $1,101,240.

Valuation Metrics

The stock’s beta is 0.99. Besides these, the trailing price-to-sales (P/S) ratio of 4.27, the price-to-book (PB) ratio of 8.98.

Financial Health

In the three months ended September 29, New Relic Inc.’s quick ratio stood at 2.50, while its current ratio was 2.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.47, and the total debt-to-equity ratio was 1.47. On the profitability front, the trailing twelve-month gross margin is 66.80% percent. In the year ended September 29, EBITDA margin amounted to -12.31%, whereas operating margins totaled -30.20%. Based on annual data, NEWR earned $486.08 million in gross profit and brought in $667.65 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -19.90%. Return on equity (ROE) for the past 12 months was -71.10%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NEWR’s revenue rose 18.3% to $195.69 million during the quarter, while net income inched up to $203.59 million. While analysts expected New Relic Inc. to report -$0.13 quarterly earnings, the actual figure was -$0.1 per share, beating the consensus estimate by 23.10%. During the quarter, the company generated -$29.95 million in EBITDA. The liabilities of New Relic Inc. were 1.0 billion at the end of its most recent quarter ended September 29, and its total debt was $560.12 million. The value of shareholders’ equity is $66.17 million.

Technical Picture

This quick technical analysis looks at New Relic Inc.’s (NEWR) price momentum. With a historical volatility rate of 48.59%, the RSI 9-day stood at 19.06% on 13 May.

With respect to its five-day moving average, the current New Relic Inc. price is down by -18.74% percent or -$10.75. At present, NEWR shares trade -35.17% below its 20-day simple moving average and -54.91% percent below its 100-day simple moving average. However, the stock is currently trading approximately -27.20% below its SMA50 and -33.78% below its SMA200.

Stochastic coefficient K was 10.35% and Stochastic coefficient D was 6.29%, while ATR was 4.16. Given the Stochastic reading of 19.26% for the 14-day period, the RSI (14) reading has been calculated as 25.50%. As of today, the MACD Oscillator reading stands at -6.48, while the 14-day reading stands at -10.08.

Analyst Ratings

New Relic Inc. downgraded its rating on New Relic Inc. (NYSE: NEWR) to a Hold in a note to investors on May 13, 2022. The analysts firm previously had a Buy rating on the stock.New Relic Inc. (NEWR) has been rated Overweight by analysts. According to 0 brokerage firms, NEWR is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate New Relic Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $70.00, the current consensus forecast for the stock is $45.00 – $150.00. Based on these forecasts, analysts predict New Relic Inc. (NEWR) will achieve an average price target of $77.11.

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