New Relic Surpasses Q1 Earnings and Revenue Estimates
| NEWRDelisted Stock | USD 71.64 0.17 0.24% |
Slightly above 61% of New Relic's investor base is looking to short. The analysis of current outlook of investing in New Relic suggests that many traders are alarmed regarding New Relic's prospects. New Relic's investing sentiment overview a quick insight into current market opportunities from investing in New Relic. Many technical investors use New Relic stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
New |
New Relic delivered earnings and revenue surprises of 38.71 percent and 1.46, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock
Read at zacks.com
 |
New Relic Fundamental Analysis
We analyze New Relic's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Relic using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Relic based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Return On Equity
Return On Equity Comparative Analysis
New Relic is currently under evaluation in return on equity category among its peers. Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
New Relic Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with New Relic stock to make a market-neutral strategy. Peer analysis of New Relic could also be used in its relative valuation, which is a method of valuing New Relic by comparing valuation metrics with similar companies.
Peers
New Relic Related Equities
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Other Consideration for investing in New Stock
If you are still planning to invest in New Relic check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the New Relic's history and understand the potential risks before investing.
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. |