New Found Gold Stock Price on February 7, 2024

NFGC Stock  USD 1.76  0.04  2.33%   
Below is the normalized historical share price chart for New Found Gold extending back to September 14, 2020. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of New Found stands at 1.76, as last reported on the 11th of December 2024, with the highest price reaching 1.76 and the lowest price hitting 1.72 during the day.
IPO Date
15th of September 2020
200 Day MA
2.9291
50 Day MA
2.167
Beta
0.541
 
Covid
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. New Found Gold has Sharpe Ratio of -0.15, which conveys that the firm had a -0.15% return per unit of risk over the last 3 months. New Found exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Found's Standard Deviation of 3.84, risk adjusted performance of (0.08), and Mean Deviation of 2.96 to check out the risk estimate we provide.
  
At present, New Found's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 93.8 M, whereas Other Stockholder Equity is projected to grow to (84.12). . At present, New Found's Price Earnings To Growth Ratio is projected to increase slightly based on the last few years of reporting. The current year's Price To Book Ratio is expected to grow to 20.82, whereas Price Earnings Ratio is forecasted to decline to (10.95). New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.153

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Estimated Market Risk

 3.82
  actual daily
34
66% of assets are more volatile

Expected Return

 -0.58
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.15
  actual daily
0
Most of other assets perform better
Based on monthly moving average New Found is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of New Found by adding New Found to a well-diversified portfolio.
Price Book
6.1457
Book Value
0.351
Enterprise Value
322.8 M
Enterprise Value Ebitda
(7.26)
Shares Float
111 M

New Found Valuation on February 7, 2024

It is possible to determine the worth of New Found on a given historical date. On February 7, 2024 New was worth 3.32 at the beginning of the trading date compared to the closed value of 3.32. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Found stock. Still, in general, we apply an absolute valuation method to find New Found's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of New Found where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Found's related companies.
 Open High Low Close Volume
  3.27    3.32    3.20    3.31    242,897  
02/07/2024
  3.32    3.35    3.25    3.32    183,382  
  3.29    3.32    3.24    3.25    149,123  
Backtest New Found  |  New Found History  |  New Found Valuation   PreviousNext  
Open Value
3.32
3.32
Closing Value
14.77
Upside

New Found Trading Date Momentum on February 7, 2024

On February 08 2024 New Found Gold was traded for  3.25  at the closing time. The top price for the day was 3.32  and the lowest listed price was  3.24 . The trading volume for the day was 149.1 K. The trading history from February 8, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 2.11% . The trading delta at closing time against the current closing price is 2.41% .

New Found Gold Fundamentals Correlations and Trends

By evaluating New Found's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among New Found's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. New financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About New Found Stock history

New Found investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Found Gold will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing New Found stock prices may prove useful in developing a viable investing in New Found
Last ReportedProjected for Next Year
Common Stock Shares Outstanding178.4 M144.6 M
Net Loss-45.6 M-43.3 M

New Found Quarterly Net Working Capital

46.23 Million

New Found Stock Technical Analysis

New Found technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of New Found technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of New Found trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

New Found Period Price Range

Low
December 11, 2024
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High

 0.00 

     

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New Found Gold cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE MKT Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

New Found December 11, 2024 Market Strength

Market strength indicators help investors to evaluate how New Found stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Found shares will generate the highest return on investment. By undertsting and applying New Found stock market strength indicators, traders can identify New Found Gold entry and exit signals to maximize returns

New Found Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for New Found's price direction in advance. Along with the technical and fundamental analysis of New Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of New to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for New Stock analysis

When running New Found's price analysis, check to measure New Found's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Found is operating at the current time. Most of New Found's value examination focuses on studying past and present price action to predict the probability of New Found's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Found's price. Additionally, you may evaluate how the addition of New Found to your portfolios can decrease your overall portfolio volatility.
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