New Pacific Metals Corp (AMEX:NEWP) does about 276.39K shares in volume on a normal day but saw 741353 shares change hands in the recent trading day. The company now has a market cap of 339.51M USD. Its current market price is $1.98, marking an increase of 11.24% compared to the previous close of $1.78. The 52 week high reached by this stock is $2.53 whilst the lowest price level in 52 weeks is $0.87. The script in recent trading has seen the stock touch a high of $3.4 and a low of $3.4.
New Pacific Metals Corp (NEWP) has a 20-day trading average at $1.5742 and the current price is -21.67% off the 52-week high compared with 127.59% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.4651 and its 200-day simple moving average is $1.5349. If we look at the stock’s price movements over the week, volatility stands at 9.22%, which decreases to 6.42% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 75.98 to suggest the stock is overbought.
The consensus objective for the share price is $4.12, suggesting that the stock has a potential upside of 51.94% over the period. The median price target is 41.76% away from the current levels at $3.4.
The current price level is 25.77%, 35.14%, and 29.00% away from its SMA20, SMA50, and SMA200 respectively, with the NEWP price moving below the 50-day SMA on current market day. New Pacific Metals Corp (NEWP) stock is up 28.57% over the week and 41.43% over the past month. Its price is 3.66% year-to-date and 10.61% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.01 and -0.05 for whole year.
Its 12-month price target is $3.4. To reach the target analysts have set, the stock logically needs to grow 51.94 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $3.4, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $3.4.
Outstanding shares total 171.30M with insiders holding 46.19% of the shares and institutional holders owning 15.38% of the company’s common stock. The company has a return on investment of -4.41% and return on equity of -4.77%. The beta has a value of 1.04. Price to book ratio is 2.48.
