New Gold Stock Price on July 31, 2024
| NGD Stock | USD 2.74 0.03 1.11% |
Below is the normalized historical share price chart for New Gold extending back to November 18, 2004. 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 Gold stands at 2.74, as last reported on the 29th of November, with the highest price reaching 2.83 and the lowest price hitting 2.72 during the day.
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. New Gold appears to be very risky, given 3 months investment horizon. New Gold has Sharpe Ratio of 0.0959, which conveys that the firm had a 0.0959% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for New Gold, which you can use to evaluate the volatility of the firm. Please exercise New Gold's Mean Deviation of 2.47, downside deviation of 3.17, and Risk Adjusted Performance of 0.0386 to check out if our risk estimates are consistent with your expectations.
At present, New Gold's Common Stock Shares Outstanding is projected to increase significantly based on the last few years of reporting. The current year's Common Stock Total Equity is expected to grow to about 3.8 B, whereas Other Stockholder Equity is forecasted to decline to about 101 M. . At present, New Gold's Price To Free Cash Flows Ratio is projected to increase significantly based on the last few years of reporting. New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 18th of November 2004 | 200 Day MA 2.1982 | 50 Day MA 2.8352 | Beta 1.589 |
New |
Sharpe Ratio = 0.0959
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| Small Returns | NGD | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.1 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.3 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average New Gold is performing at about 7% of its full potential. 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 Gold by adding it to a well-diversified portfolio.
Price Book 2.1732 | Enterprise Value Ebitda 9.9821 | Price Sales 2.5196 | Shares Float 752.9 M | Wall Street Target Price 3.25 |
New Gold Valuation on July 31, 2024
It is possible to determine the worth of New Gold on a given historical date. On July 31, 2024 New was worth 2.12 at the beginning of the trading date compared to the closed value of 2.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Gold stock. Still, in general, we apply an absolute valuation method to find New Gold'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 Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Gold's related companies.
| Open | High | Low | Close | Volume | |
| 2.09 | 2.09 | 2.01 | 2.06 | 5,925,862 | |
07/31/2024 | 2.12 | 2.38 | 2.11 | 2.31 | 17,023,582 |
| 2.39 | 2.40 | 2.24 | 2.30 | 9,973,222 |
| Backtest New Gold | | | New Gold History | | | New Gold Valuation | Previous | Next |
New Gold Trading Date Momentum on July 31, 2024
| On August 01 2024 New Gold was traded for 2.30 at the closing time. Highest New Gold's price during the trading hours was 2.40 and the lowest price during the day was 2.24 . The net volume was 10 M. The overall trading history on the 1st of August contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.43% . The trading delta at closing time to current price is 3.46% . |
New Gold Fundamentals Correlations and Trends
By evaluating New Gold'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 Gold'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 Gold Stock history
New Gold 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 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 Gold stock prices may prove useful in developing a viable investing in New Gold
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 684 M | 718.2 M | |
| Net Loss | -60.1 M | -63.1 M |
New Gold Quarterly Net Working Capital |
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New Gold Stock Technical Analysis
New Gold 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 Gold Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
New 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 Gold November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how New Gold 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 Gold shares will generate the highest return on investment. By undertsting and applying New Gold stock market strength indicators, traders can identify New Gold entry and exit signals to maximize returns
New Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Gold'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 | 0.0386 | |||
| Jensen Alpha | 0.0577 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0016 | |||
| Treynor Ratio | 0.2216 |
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| Math Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for New Stock analysis
When running New Gold's price analysis, check to measure New Gold'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 Gold is operating at the current time. Most of New Gold's value examination focuses on studying past and present price action to predict the probability of New Gold'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 Gold's price. Additionally, you may evaluate how the addition of New Gold to your portfolios can decrease your overall portfolio volatility.
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