In last trading session, New Pacific Metals Corp (AMEX:NEWP) saw 0.45 million shares changing hands with its beta currently measuring 0.97. Company’s recent per share price level of $1.25 trading at -$0.02 or -1.96% at ring of the bell on the day assigns it a market valuation of $214.38M. That closing price of NEWP’s stock is at a discount of -102.4% from its 52-week high price of $2.53 and is indicating a premium of 30.4% from its 52-week low price of $0.87. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.26 million shares which gives us an average trading volume of 287.44K if we extend that period to 3-months.
New Pacific Metals Corp (AMEX:NEWP) trade information
Upright in the red during last session for losing -1.96%, in the last five days NEWP remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $1.25 price level, adding 15.54% to its value on the day. New Pacific Metals Corp’s shares saw a change of -34.55% in year-to-date performance and have moved -14.97% in past 5-day. New Pacific Metals Corp (AMEX:NEWP) showed a performance of -19.87% in past 30-days. Number of shares sold short was 0.98 million shares which calculate 3.2 days to cover the short interests.
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Wall Street analysts have assigned a consensus price target of 3.4 to the stock, which implies a rise of 63.24% to its current value. Analysts have been projecting 3.4 as a low price target for the stock while placing it at a high target of 3.4. It follows that stock’s current price would drop -172.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -172.0% for stock’s current value.
New Pacific Metals Corp (NEWP) estimates and forecasts
Statistics highlight that New Pacific Metals Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -22.84% of value to its shares in past 6 months, showing an annual growth rate of 25.00% while that of industry is 7.50. 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 -21.25% during past 5 years.
New Pacific Metals Corp (AMEX:NEWP)’s Major holders
Insiders are in possession of 46.19% of company’s total shares while institution are holding 15.97 percent of that, with stock having share float percentage of 29.68%. Investors also watch the number of corporate investors in a company very closely, which is 15.97% institutions for New Pacific Metals Corp that are currently holding shares of the company. JUPITER ASSET MANAGEMENT LTD is the top institutional holder at NEWP for having 10.69 million shares of worth $16.1 million. And as of 2024-06-30, it was holding 6.2451 of the company’s outstanding shares.
The second largest institutional holder is MIRAE ASSET GLOBAL ETFS HOLDINGS LTD., which was holding about 2.53 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.4775 of outstanding shares, having a total worth of $3.81 million.
