New Found Gold Stock Price on September 30, 2023
| NFGC Stock | USD 1.81 0.04 2.26% |
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 1.81, as last reported on the 29th of November, with the highest price reaching 1.88 and the lowest price hitting 1.78 during the day.
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 -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. New Found exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Found's Mean Deviation of 2.91, risk adjusted performance of (0.12), and Standard Deviation of 3.78 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.
IPO Date 15th of September 2020 | 200 Day MA 2.9825 | 50 Day MA 2.2944 | Beta 0.541 |
New |
Sharpe Ratio = -0.1348
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| Negative Returns | NFGC |
Estimated Market Risk
| 3.79 actual daily | 33 67% of assets are more volatile |
Expected Return
| -0.51 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 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 6.2708 | Book Value 0.351 | Enterprise Value 322.2 M | Enterprise Value Ebitda (7.26) | Shares Float 111 M |
New Found Valuation on September 30, 2023
It is possible to determine the worth of New Found on a given historical date. On September 30, 2023 New was worth 4.24 at the beginning of the trading date compared to the closed value of 4.17. 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 | |
| 4.09 | 4.18 | 4.06 | 4.18 | 91,200 | |
09/29/2023 | 4.24 | 4.31 | 4.12 | 4.17 | 199,800 |
| 4.15 | 4.15 | 3.90 | 3.90 | 307,300 |
| Backtest New Found | | | New Found History | | | New Found Valuation | Previous | Next |
New Found Trading Date Momentum on September 30, 2023
| On October 02 2023 New Found Gold was traded for 3.90 at the closing time. The top price for the day was 4.15 and the lowest listed price was 3.90 . The trading volume for the day was 307.3 K. The trading history from October 2, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 6.47% . The trading delta at closing time against the current closing price is 0.48% . |
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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 178.4 M | 144.6 M | |
| Net Loss | -45.6 M | -43.3 M |
New Found Quarterly Net Working Capital |
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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.
Price Boundaries
New Found Period Price Range
Low | November 29, 2024
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0.00 | 0.00 |
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 November 29, 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.
| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (1.19) | |||
| Treynor Ratio | 2.05 |
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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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