New Gold Inc (NGD) Down -23.69% From Its 52-Week High, But Growth Potential Is Changing Over Time

New Gold Inc (AMEX:NGD) currently has a daily average trading volume of 9.67M but it saw 8163852 shares traded in last market. With a market cap of 2.75B USD, the company’s current market price of $2.48 came falling about -2.36 while comparing to the previous closing price of $2.54. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.25 and as low as $1.09. In the recent trading on the day, stock has struck highest price mark of $2.47 while lowest mark touched by it was $2.6.

Taking a look at 20-day trading activity of New Gold Inc (NGD) gives us an average price of $2.80, while its current price level is -23.69% below from 52-week high level whereas it is 127.52% 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 $2.84 while that of 200 days or SMA-200 reads an average of $2.13. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.26% during that period while stretching the period over a month that decreases to 4.59%. 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 33.24 which implies that the stock is in neutral territory.

Over the week, NGD’s stock price is moving -7.81% down while it is -12.98% when we observe its performance for the past one month. Year-to-date it is 69.86% up and over the past year, the stock is showing an upside performance of 119.47%.

Currently, New Gold Inc’s total number of outstanding shares is 790.90M. Company’s return on investment (ROI) stands at 1.39% and return on equity (ROE) at 2.14%. It has a price to earnings ratio (P/E ratio) of 158.97 while having a 7.52 of forward P/E ratio. Stock’s beta reads 1.31. Stock has a price to book (P/B) ratio of 1.97 while price to sale or P/S ratio amounts to 3.23. Its return on asset (ROA) is 0.95% on average.