New Gold Stock Price History
| NGD Stock | USD 1.72 0.03 1.71% |
Below is the normalized historical share price chart for New Gold extending back to November 18, 2004. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of New Gold stands at 1.72, as last reported on the 23rd of April, with the highest price reaching 1.76 and the lowest price hitting 1.66 during the day.
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. New Gold appears to be dangerous, given 3 months investment horizon. New Gold has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. By analyzing New Gold's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please exercise New Gold's Mean Deviation of 3.0, downside deviation of 3.15, and Risk Adjusted Performance of 0.096 to check out if our risk estimates are consistent with your expectations.
At present, New Gold's Common Stock Shares Outstanding is projected to increase significantly based on the last few years of reporting. The current year's Common Stock Total Equity is expected to grow to about 3.8 B, whereas Other Stockholder Equity is forecasted to decline to about 101 M. . As of April 23, 2024, Price To Sales Ratio is expected to decline to 1.16. In addition to that, Price Earnings Ratio is expected to decline to -15.64. New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 18th of November 2004 | 200 Day MA 1.2729 | 50 Day MA 1.5262 | Beta 1.613 |
New |
Sharpe Ratio = 0.168
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | NGD | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.7 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.62 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average New Gold is performing at about 13% of its full potential. 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 Gold by adding it to a well-diversified portfolio.
Price Book 1.5637 | Enterprise Value Ebitda 7.9452 | Price Sales 1.5857 | Shares Float 648 M | Wall Street Target Price 1.74 |
New Gold Stock Price History Chart
There are several ways to analyze New Stock price data. The simplest method is using a basic New candlestick price chart, which shows New Gold price history and the buying and selling dynamics of a specified period. Many traders also use subjective judgment to their trading calls, avoiding the need to trade based on technical analysis.
| Highest Price | April 9, 2024 | 1.86 |
| Lowest Price | February 22, 2024 | 1.1 |
New Gold April 23, 2024 Stock Price Synopsis
Various analyses of New Gold's daily price changes, such as its Balance Of Power or Price Action, are crucial when deciding whether to buy, hold, or sell New Stock. It can be used to describe the percentage change in the price of New Gold from one trading day to the next and could be a valuable metric for traders and investors to gauge the volatility and momentum of New Stock.| New Gold Price Daily Balance Of Power | (0.30) | |
| New Gold Price Action Indicator | (0.01) | |
| New Gold Price Rate Of Daily Change | 0.98 |
New Gold April 23, 2024 Stock Price Analysis
New Stock Price History Data
The price series of New Gold for the period between Wed, Jan 24, 2024 and Tue, Apr 23, 2024 has a statistical range of 0.76 with a coefficient of variation of 16.98. The daily prices for the period are spread out with arithmetic mean of 1.46. The median price for the last 90 days is 1.47. The company underwent 1:3 stock split on 25th of July 2002.| Open | High | Low | Close | Volume | ||
04/23/2024 | 1.69 | 1.76 | 1.66 | 1.72 | ||
| 04/22/2024 | 1.69 | 1.76 | 1.66 | 1.72 | 10,776,719 | |
| 04/19/2024 | 1.75 | 1.77 | 1.73 | 1.75 | 8,549,621 | |
| 04/18/2024 | 1.76 | 1.81 | 1.72 | 1.75 | 7,399,007 | |
| 04/17/2024 | 1.74 | 1.79 | 1.71 | 1.73 | 7,435,514 | |
| 04/16/2024 | 1.73 | 1.79 | 1.71 | 1.72 | 11,253,614 | |
| 04/15/2024 | 1.79 | 1.82 | 1.75 | 1.76 | 8,348,711 | |
| 04/12/2024 | 1.88 | 1.94 | 1.78 | 1.80 | 14,383,663 | |
| 04/11/2024 | 1.83 | 1.85 | 1.78 | 1.84 | 8,455,945 | |
| 04/10/2024 | 1.79 | 1.86 | 1.76 | 1.81 | 9,280,338 | |
| 04/09/2024 | 1.79 | 1.86 | 1.77 | 1.86 | 12,420,069 | |
| 04/08/2024 | 1.85 | 1.87 | 1.74 | 1.75 | 8,301,922 | |
| 04/05/2024 | 1.73 | 1.83 | 1.72 | 1.82 | 8,536,780 | |
| 04/04/2024 | 1.81 | 1.81 | 1.70 | 1.73 | 9,482,546 | |
| 04/03/2024 | 1.71 | 1.83 | 1.70 | 1.80 | 15,428,648 | |
| 04/02/2024 | 1.72 | 1.72 | 1.66 | 1.71 | 8,254,495 | |
| 04/01/2024 | 1.76 | 1.80 | 1.68 | 1.69 | 7,930,818 | |
| 03/28/2024 | 1.73 | 1.74 | 1.67 | 1.70 | 8,058,158 | |
| 03/27/2024 | 1.58 | 1.70 | 1.58 | 1.69 | 7,941,672 | |
| 03/26/2024 | 1.64 | 1.65 | 1.56 | 1.58 | 3,074,831 | |
| 03/25/2024 | 1.64 | 1.67 | 1.57 | 1.58 | 2,587,003 | |
| 03/22/2024 | 1.61 | 1.66 | 1.58 | 1.59 | 3,863,124 | |
| 03/21/2024 | 1.74 | 1.74 | 1.61 | 1.63 | 7,373,157 | |
| 03/20/2024 | 1.59 | 1.73 | 1.58 | 1.70 | 9,431,327 | |
| 03/19/2024 | 1.60 | 1.65 | 1.52 | 1.59 | 5,639,081 | |
| 03/18/2024 | 1.69 | 1.70 | 1.63 | 1.63 | 5,446,246 | |
| 03/15/2024 | 1.68 | 1.76 | 1.65 | 1.70 | 25,751,494 | |
| 03/14/2024 | 1.68 | 1.71 | 1.64 | 1.68 | 8,844,186 | |
| 03/13/2024 | 1.64 | 1.74 | 1.63 | 1.68 | 17,554,436 | |
| 03/12/2024 | 1.62 | 1.70 | 1.57 | 1.62 | 10,891,602 | |
| 03/11/2024 | 1.53 | 1.67 | 1.51 | 1.67 | 12,960,783 | |
| 03/08/2024 | 1.56 | 1.57 | 1.47 | 1.50 | 11,533,690 | |
| 03/07/2024 | 1.47 | 1.54 | 1.46 | 1.54 | 5,190,479 | |
| 03/06/2024 | 1.42 | 1.49 | 1.41 | 1.47 | 5,893,516 | |
| 03/05/2024 | 1.45 | 1.50 | 1.40 | 1.42 | 9,912,149 | |
| 03/04/2024 | 1.35 | 1.42 | 1.32 | 1.41 | 8,416,470 | |
| 03/01/2024 | 1.31 | 1.35 | 1.23 | 1.34 | 8,385,194 | |
| 02/29/2024 | 1.22 | 1.28 | 1.21 | 1.24 | 7,939,856 | |
| 02/28/2024 | 1.14 | 1.20 | 1.12 | 1.19 | 7,558,550 | |
| 02/27/2024 | 1.12 | 1.14 | 1.11 | 1.13 | 2,367,727 | |
| 02/26/2024 | 1.12 | 1.13 | 1.10 | 1.12 | 2,512,965 | |
| 02/23/2024 | 1.12 | 1.15 | 1.11 | 1.15 | 3,677,701 | |
| 02/22/2024 | 1.15 | 1.15 | 1.10 | 1.10 | 4,870,446 | |
| 02/21/2024 | 1.19 | 1.19 | 1.14 | 1.16 | 2,960,465 | |
| 02/20/2024 | 1.22 | 1.22 | 1.14 | 1.15 | 4,793,934 | |
| 02/16/2024 | 1.16 | 1.19 | 1.14 | 1.17 | 4,188,951 | |
| 02/15/2024 | 1.16 | 1.21 | 1.15 | 1.17 | 5,476,664 | |
| 02/14/2024 | 1.20 | 1.21 | 1.09 | 1.14 | 8,879,428 | |
| 02/13/2024 | 1.24 | 1.24 | 1.19 | 1.20 | 6,278,649 | |
| 02/12/2024 | 1.20 | 1.27 | 1.18 | 1.24 | 3,296,532 | |
| 02/09/2024 | 1.24 | 1.25 | 1.16 | 1.19 | 4,935,551 | |
| 02/08/2024 | 1.25 | 1.30 | 1.24 | 1.24 | 2,509,462 | |
| 02/07/2024 | 1.31 | 1.31 | 1.25 | 1.26 | 2,704,559 | |
| 02/06/2024 | 1.26 | 1.31 | 1.25 | 1.30 | 1,835,341 | |
| 02/05/2024 | 1.25 | 1.30 | 1.23 | 1.27 | 3,113,939 | |
| 02/02/2024 | 1.23 | 1.30 | 1.23 | 1.27 | 3,637,662 | |
| 02/01/2024 | 1.23 | 1.30 | 1.22 | 1.30 | 3,326,460 | |
| 01/31/2024 | 1.18 | 1.27 | 1.17 | 1.22 | 3,498,037 | |
| 01/30/2024 | 1.21 | 1.25 | 1.16 | 1.20 | 3,683,774 | |
| 01/29/2024 | 1.26 | 1.26 | 1.19 | 1.20 | 7,056,568 | |
| 01/26/2024 | 1.27 | 1.28 | 1.23 | 1.24 | 1,559,368 |
About New Gold Stock history
New Gold investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Gold will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing New Gold stock prices may prove useful in developing a viable investing in New Gold
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 684 M | 718.2 M | |
| Net Loss | -60.1 M | -63.1 M |
New Gold Quarterly Net Working Capital |
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New Gold Stock Technical Analysis
New Gold technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
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New Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Gold's price direction in advance. Along with the technical and fundamental analysis of New Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of New to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.096 | |||
| Jensen Alpha | 0.382 | |||
| Total Risk Alpha | 0.0408 | |||
| Sortino Ratio | 0.139 | |||
| Treynor Ratio | 0.3038 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For information on how to trade New Stock refer to our How to Trade New Stock guide.Note that the New Gold information on this page should be used as a complementary analysis to other New Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for New Stock analysis
When running New Gold's price analysis, check to measure New Gold'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 Gold is operating at the current time. Most of New Gold's value examination focuses on studying past and present price action to predict the probability of New Gold'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 Gold's price. Additionally, you may evaluate how the addition of New Gold to your portfolios can decrease your overall portfolio volatility.
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Is New Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Gold. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.09) | Revenue Per Share 1.15 | Quarterly Revenue Growth 0.224 | Return On Assets 0.0158 | Return On Equity (0.07) |
The market value of New Gold is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Gold's value that differs from its market value or its book value, called intrinsic value, which is New Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Gold's market value can be influenced by many factors that don't directly affect New Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.