New Found Gold Stock Performance
| NFGC Stock | USD 1.65 0.01 0.61% |
The company secures a Beta (Market Risk) of -0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning New Found are expected to decrease at a much lower rate. During the bear market, New Found is likely to outperform the market. At this point, New Found Gold has a negative expected return of -0.69%. Please make sure to verify New Found's kurtosis, as well as the relationship between the rate of daily change and market facilitation index , to decide if New Found Gold performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days New Found Gold has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fragile performance in the last few months, the Stock's technical and fundamental indicators remain rather sound which may send shares a bit higher in December 2024. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders. ...more
1 | Short-seller blasts New Found Gold for lack of resource after drilling - MINING.com | 09/20/2024 |
2 | New Found Gold Shares Gap Up to 2.53 - MarketBeat | 10/01/2024 |
3 | New Found Gold Reaches New 12-Month Low - Whats Next - MarketBeat | 11/19/2024 |
| Begin Period Cash Flow | 82.2 M |
New |
New Found Relative Risk vs. Return Landscape
If you would invest 269.00 in New Found Gold on August 28, 2024 and sell it today you would lose (104.00) from holding New Found Gold or give up 38.66% of portfolio value over 90 days. New Found Gold is currently does not generate positive expected returns and assumes 3.7154% risk (volatility on return distribution) over the 90 days horizon. In different words, 33% of stocks are less volatile than New, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
New Found Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Found's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as New Found Gold, and traders can use it to determine the average amount a New Found's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1867
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NFGC |
Estimated Market Risk
| 3.72 actual daily | 33 67% of assets are more volatile |
Expected Return
| -0.69 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.19 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.
New Found Fundamentals Growth
New Stock prices reflect investors' perceptions of the future prospects and financial health of New Found, and New Found fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on New Stock performance.
| Return On Equity | -1.1 | ||||
| Return On Asset | -0.66 | ||||
| Current Valuation | 299.25 M | ||||
| Shares Outstanding | 198.91 M | ||||
| Price To Book | 5.80 X | ||||
| EBITDA | (102.04 M) | ||||
| Net Income | (79.89 M) | ||||
| Cash And Equivalents | 80.73 M | ||||
| Cash Per Share | 0.48 X | ||||
| Total Debt | 157.8 K | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 12.31 X | ||||
| Book Value Per Share | 0.35 X | ||||
| Cash Flow From Operations | (99.27 M) | ||||
| Earnings Per Share | (0.22) X | ||||
| Market Capitalization | 328.31 M | ||||
| Total Asset | 84.58 M | ||||
| Retained Earnings | (259.5 M) | ||||
| Working Capital | 43.37 M | ||||
About New Found Performance
By analyzing New Found's fundamental ratios, stakeholders can gain valuable insights into New Found's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if New Found has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if New Found has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 702.09 | 666.98 | |
| Return On Tangible Assets | (0.94) | (0.99) | |
| Return On Capital Employed | (1.58) | (1.66) | |
| Return On Assets | (0.94) | (0.99) | |
| Return On Equity | (1.22) | (1.28) |
Things to note about New Found Gold performance evaluation
Checking the ongoing alerts about New Found for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for New Found Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| New Found Gold generated a negative expected return over the last 90 days | |
| New Found Gold may become a speculative penny stock | |
| New Found Gold has high historical volatility and very poor performance | |
| New Found Gold has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (79.89 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| New Found Gold currently holds about 80.73 M in cash with (99.27 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.48. | |
| New Found Gold has a frail financial position based on the latest SEC disclosures | |
| Roughly 44.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: New Found Gold Reaches New 12-Month Low - Whats Next - MarketBeat |
- Analyzing New Found's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether New Found's stock is overvalued or undervalued compared to its peers.
- Examining New Found's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating New Found's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New Found's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of New Found's stock. These opinions can provide insight into New Found's potential for growth and whether the stock is currently undervalued or overvalued.
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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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