Nothing is Better Than New Gold Inc (NGD) stock at the moment

With 8.25 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.46 million shares. The 52-week range on NGD shows that it touched its highest point at $1.80 and its lowest point at $0.86 during that stretch. It currently has a 1-year price target of $1.67. Beta for the stock currently stands at 1.55.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NGD was up-trending over the past week, with a rise of 8.23%, but this was up by 27.61% over a month. Three-month performance surged to 17.12% while six-month performance rose 87.89%. The stock gained 48.70% in the past year, while it has gained 17.12% so far this year. A look at the trailing 12-month EPS for NGD yields -0.09 with Next year EPS estimates of 0.16. For the next quarter, that number is 0.04. This implies an EPS growth rate of 44.38% for this year and 57.92% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 46.46%.

Float and Shares Shorts:

At present, 687.01 million NGD shares are outstanding with a float of 646.84 million shares on hand for trading. On Mar 15, 2024, short shares totaled 3.87 million, which was 0.57% higher than short shares on Feb 15, 2024. In addition to NVD as the firm’s GraniteShares 1.5x Short NVDA D, GD serves as its General Dynamics Corporation.

Institutional Ownership:

Through their ownership of 50.85% of NGD’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NGD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.