New Gold Inc. (AMEX:NGD) saw an upside of 4.18% to $1.03 after adding $0.04on Wednesday. The 5-day average trading volume is 1,685,435 shares of the company’s common stock. It has gained $1.0400 in the past week and touched a new high 2 times within the past 5 days. An average of 3,004,454 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,930,065.
NGD’s 1-month performance is -17.60% or -$0.1850 on its low of $0.9205 reached on 08/10/23. The company’s shares have touched a 52-week low of $0.61 and high of $1.48, with the stock’s rally to the 52-week high happening on 05/09/23. YTD, NGD has achieved 5.10% or $0.0550 and has reached a new high 20 times. However, the current price is down -30.41% from the 52-week high price.
Valuation Metrics
NGD stock has a beta of 1.60. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.02 while the price-to-book (PB) in the most recent quarter is 0.79.
New Gold Inc.’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.70. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.45, while the total debt to equity was 0.45. In terms of profitability, the gross margin trailing 12 months is 73.40%. The trailing 12-month EBITDA margin is 30.45% while for the period ending June 29, New Gold Inc.’s operating margin was 2.00%. The firm’s gross profit as reported stood at $221.7 million against revenue of $604.4 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 91.19% to -$1.23 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected NGD to announce $0.02 per share in earnings in its latest quarter, but it posted $0.02, representing a 0.00% surprise. EBITDA for the quarter stood at more than $68.0 million. NGD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.35 billion, with total debt at $401.1 million.
Let’s look briefly at New Gold Inc. (NGD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 50.42% to suggest the stock is trending Neutral, with historical volatility in this time period at 68.10%.
The stock’s 5-day moving average is $0.9884, reflecting a +5.96% or $0.0582 change from its current price. NGD is currently trading -16.53% above its 20-day SMA, -10.00% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -8.41% and SMA200 by+22.18%.
Stochastic %K and %D was 43.77% and 32.37% and the average true range (ATR) pointed at 0.0499. The RSI (14) points at 46.54%, while the 14-day stochastic is at 63.79% with the period’s ATR at 0.0538. The stock’s 9-day MACD Oscillator is pointing at 0.0020 and -0.0138 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for NGD stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate NGD as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.
What is NGD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.00 and a high of $2.08, with their median price target at $1.50. Looking at these predictions, the average price target given by analysts is for New Gold Inc. (NGD) stock is $1.47.
