In the latest trading session,, 0.47 million New Found Gold Corp (AMEX:NFGC) shares changed hands as the company’s beta touched 0.99. With the company’s most recent per share price at $1.07 changing hands around $0.1 or 10.37% at last look, the market valuation stands at $215.09M. NFGC’s current price is a discount, trading about -287.85% off its 52-week high of $4.15. The share price had its 52-week low at $0.93, which suggests the last value was 13.08% up since then. When we look at New Found Gold Corp’s average trading volume, we note the 10-day average is 1.65 million shares, with the 3-month average coming to 877.25K.
Analysts gave the New Found Gold Corp (NFGC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended NFGC as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. New Found Gold Corp’s EPS for the current quarter is expected to be 0.
New Found Gold Corp (AMEX:NFGC) trade information
Instantly NFGC is in green as seen in intraday trades today. With action 3.10%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -41.09%, with the 5-day performance at 3.10% in the green. However, in the 30-day time frame, New Found Gold Corp (AMEX:NFGC) is -38.73% down. Looking at the short shares, we see there were 3.74 million shares sold at short interest cover period of 7.2 days.
New Found Gold Corp (NFGC) estimates and forecasts
According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.00%. The estimates for the next quarter sales put growth at 0.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -22.73%. The 2025 estimates are for New Found Gold Corp earnings to increase by 33.45%, but the outlook for the next 5-year period is at 52.02% per year.
New Found Gold Corp (AMEX:NFGC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 42.95% of New Found Gold Corp shares while 5.37% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 9.41%. There are 5.37% institutions holding the New Found Gold Corp stock share, with VAN ECK ASSOCIATES CORP the top institutional holder. As of 2024-06-30, the company held 2.7893% of the shares, roughly 5.34 million NFGC shares worth $15.06 million.
MORGAN STANLEY holds the second largest percentage of outstanding shares, with 0.2079% or 0.4 million shares worth $1.13 million as of 2024-06-30.
With 4.63 shares estimated at $4.96 million under it, the former controlled 2.31% of total outstanding shares.
