New Pacific Metals Corp (AMEX:NEWP) Could See A -79.87% Or Even More Loss In Stock Price

New Pacific Metals Corp (AMEX:NEWP)’s traded shares stood at 0.36 million during the last session, with the company’s beta value hitting 1.06. At the close of trading, the stock’s price was $1.49, to imply an increase of 4.93% or $0.07 in intraday trading. The NEWP share’s 52-week high remains $2.68, putting it -79.87% down since that peak but still an impressive 41.61% since price per share fell to its 52-week low of $0.87. The company has a valuation of $255.18M, with an average of 0.27 million shares in intraday trading volume over the past 10 days and average of 286.62K shares over the past 3 months.

New Pacific Metals Corp (AMEX:NEWP) trade information

After registering a 4.93% upside in the last session, New Pacific Metals Corp (NEWP) has traded red over the past five days. The 5-day price performance for the stock is 7.97%, and -1.32% over 30 days. With these gigs, the year-to-date price performance is -21.99%. Short interest in New Pacific Metals Corp (AMEX:NEWP) saw shorts transact 0.76 million shares and set a 2.78 days time to cover.

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The extremes give us $5 and $5 for target low and target high price respectively. As such, NEWP has been trading -235.57% off suggested target high and -235.57% from its likely low.

New Pacific Metals Corp (NEWP) estimates and forecasts

Looking at statistics comparing New Pacific Metals Corp share performance against respective industry, we note that the company has outperformed competitors. New Pacific Metals Corp (NEWP) shares are 40.57% up over the last 6 months, with its year-to-date growth rate higher than industry average at 40.00% against 19.30%.

NEWP Dividends

New Pacific Metals Corp has its next earnings report out on 2024-Feb-13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

New Pacific Metals Corp (AMEX:NEWP)’s Major holders

New Pacific Metals Corp insiders hold 45.62% of total outstanding shares, with institutional holders owning 15.46% of the shares at 28.43% float percentage. In total, 15.46% institutions holds shares in the company, led by JUPITER ASSET MANAGEMENT LTD. As of 2024-06-30, the company held over 10.69 million shares (or 6.2451% of shares), all amounting to roughly $16.1 million.

The next major institution holding the largest number of shares is MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. with 2.53 million shares, or about 1.4775% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.81 million.