In last trading session, New Found Gold Corp (AMEX:NFGC) saw 0.74 million shares changing hands with its beta currently measuring 0.86. Company’s recent per share price level of $2.20 trading at -$0.17 or -7.17% at ring of the bell on the day assigns it a market valuation of $606.12M. That closing price of NFGC’s stock is at a discount of -88.64% from its 52-week high price of $4.15 and is indicating a premium of 5.45% from its 52-week low price of $2.08. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.58 million shares which gives us an average trading volume of 529.89K if we extend that period to 3-months.
For New Found Gold Corp (NFGC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.
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New Found Gold Corp (AMEX:NFGC) trade information
Upright in the red during last session for losing -7.17%, in the last five days NFGC remained trading in the red while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $2.20 price level, adding 9.84% to its value on the day. New Found Gold Corp’s shares saw a change of -37.14% in year-to-date performance and have moved -1.79% in past 5-day. New Found Gold Corp (AMEX:NFGC) showed a performance of -9.09% in past 30-days. Number of shares sold short was 4.49 million shares which calculate 7.36 days to cover the short interests.
New Found Gold Corp (NFGC) estimates and forecasts
Statistics highlight that New Found Gold Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -38.38% of value to its shares in past 6 months, showing an annual growth rate of 12.12% while that of industry is 21.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -70.26% during past 5 years.
New Found Gold Corp (AMEX:NFGC)’s Major holders
Insiders are in possession of 44.04% of company’s total shares while institution are holding 4.46 percent of that, with stock having share float percentage of 7.98%. Investors also watch the number of corporate investors in a company very closely, which is 4.46% institutions for New Found Gold Corp that are currently holding shares of the company. VAN ECK ASSOCIATES CORP is the top institutional holder at NFGC for having 5.34 million shares of worth $15.06 million. And as of 2024-06-30, it was holding 2.8461 of the company’s outstanding shares.
The second largest institutional holder is MORGAN STANLEY, which was holding about 0.4 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.2121 of outstanding shares, having a total worth of $1.13 million.
