New Gold Stock Number Of Shares Shorted
| NGD Stock | USD 1.82 0.04 2.15% |
New Gold fundamentals help investors to digest information that contributes to New Gold's financial success or failures. It also enables traders to predict the movement of New Stock. The fundamental analysis module provides a way to measure New Gold's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to New Gold stock.
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New Gold Company Number Of Shares Shorted Analysis
New Gold's Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
More About Number Of Shares Shorted | All Equity Analysis
Shares Shorted | = | Shorted by Public | + | by Institutions |
Current New Gold Number Of Shares Shorted | 5.02 M |
Most of New Gold's fundamental indicators, such as Number Of Shares Shorted, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, New Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
| Competition |
Based on the recorded statements, New Gold has 5.02 M of outstending shares currently sold short by investors. This is 55.09% higher than that of the Metals & Mining sector and 30.1% lower than that of the Materials industry. The number of shares shorted for all United States stocks is 6.59% lower than that of the firm.
New Number Of Shares Shorted Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses New Gold's direct or indirect competition against its Number Of Shares Shorted to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of New Gold could also be used in its relative valuation, which is a method of valuing New Gold by comparing valuation metrics of similar companies.New Gold is currently under evaluation in number of shares shorted category among related companies.
New Fundamentals
| Return On Equity | -0.0944 | ||||
| Return On Asset | 0.0143 | ||||
| Profit Margin | (0.1) % | ||||
| Operating Margin | 0.07 % | ||||
| Current Valuation | 1.49 B | ||||
| Shares Outstanding | 690.1 M | ||||
| Shares Owned By Insiders | 5.76 % | ||||
| Shares Owned By Institutions | 51.87 % | ||||
| Number Of Shares Shorted | 5.02 M | ||||
| Price To Earning | 5.07 X | ||||
| Price To Book | 1.56 X | ||||
| Price To Sales | 1.59 X | ||||
| Revenue | 799.8 M | ||||
| Gross Profit | 221.7 M | ||||
| EBITDA | 301.22 M | ||||
| Net Income | (65.68 M) | ||||
| Cash And Equivalents | 33.1 M | ||||
| Cash Per Share | 0.48 X | ||||
| Total Debt | 399.15 M | ||||
| Debt To Equity | 0.41 % | ||||
| Current Ratio | 2.81 X | ||||
| Book Value Per Share | 1.07 X | ||||
| Cash Flow From Operations | 264.36 M | ||||
| Short Ratio | 0.57 X | ||||
| Earnings Per Share | (0.10) X | ||||
| Price To Earnings To Growth | (2.09) X | ||||
| Target Price | 1.96 | ||||
| Number Of Employees | 26 | ||||
| Beta | 1.6 | ||||
| Market Capitalization | 1.29 B | ||||
| Total Asset | 2.27 B | ||||
| Retained Earnings | (2.33 B) | ||||
| Working Capital | 122.8 M | ||||
| Current Asset | 614.6 M | ||||
| Current Liabilities | 147.3 M | ||||
| Net Asset | 2.27 B |
About New Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze New Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Gold based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Try AI Portfolio ArchitectCheck out New Gold Piotroski F Score and New Gold Altman Z Score analysis. 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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.
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.