The Week Ahead: Are Investors Really Too Optimistic About New Gold Inc (AMEX: NGD)

money audit

New Gold Inc (AMEX:NGD) currently has a daily average trading volume of 9.00M but it saw 6759339 shares traded in last market. With a market cap of 1.64B USD, the company’s current market price of $2.07 came falling about -3.72 while comparing to the previous closing price of $2.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.46 and as low as $0.86.

Taking a look at 20-day trading activity of New Gold Inc (NGD) gives us an average price of $2.19, while its current price level is -15.85% below from 52-week high level whereas it is 140.70% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.08 while that of 200 days or SMA-200 reads an average of $1.59. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.21% during that period while stretching the period over a month that increases to 4.33%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.25 which implies that the stock is in neutral territory.

Over the week, NGD’s stock price is moving -8.81% down while it is 6.70% when we observe its performance for the past one month. Year-to-date it is 41.78% up and over the past year, the stock is showing an upside performance of 65.60%.

Currently, New Gold Inc’s total number of outstanding shares is 790.48M. Company’s return on investment (ROI) stands at -6.71% and return on equity (ROE) at -9.44%. It has a 7.26 of forward P/E ratio. Stock’s beta reads 1.31. Stock has a price to book (P/B) ratio of 1.94 while price to sale or P/S ratio amounts to 2.11. Its return on asset (ROA) is -3.40% on average.