New Relic Stock Fundamentals
| NEWRDelisted Stock | USD 71.64 0.17 0.24% |
New Relic fundamentals help investors to digest information that contributes to New Relic'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 Relic'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 Relic stock.
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New Relic Company Return On Equity Analysis
New Relic's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current New Relic Return On Equity | -0.34 |
Most of New Relic's fundamental indicators, such as Return On Equity, 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 Relic is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
CompetitionBased on the latest financial disclosure, New Relic has a Return On Equity of -0.3383. This is 97.19% lower than that of the Software sector and significantly lower than that of the Information Technology industry. The return on equity for all United States stocks is 9.13% higher than that of the company.
New Relic Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New Relic's current stock value. Our valuation model uses many indicators to compare New Relic value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New Relic competition to find correlations between indicators driving New Relic's intrinsic value. More Info.New Relic is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value New Relic by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.New Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses New Relic's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of New Relic could also be used in its relative valuation, which is a method of valuing New Relic by comparing valuation metrics of similar companies.New Relic is currently under evaluation in return on equity category among its peers.
New Fundamentals
| Return On Equity | -0.34 | |||
| Return On Asset | -0.0339 | |||
| Profit Margin | (0.15) % | |||
| Operating Margin | (0.01) % | |||
| Current Valuation | 5.82 B | |||
| Shares Outstanding | 71.02 M | |||
| Shares Owned By Insiders | 11.40 % | |||
| Shares Owned By Institutions | 84.62 % | |||
| Number Of Shares Shorted | 1.88 M | |||
| Price To Earning | (44.88) X | |||
| Price To Book | 13.24 X | |||
| Price To Sales | 4.76 X | |||
| Revenue | 925.63 M | |||
| Gross Profit | 529.24 M | |||
| EBITDA | (107.61 M) | |||
| Net Income | (178.83 M) | |||
| Cash And Equivalents | 867.32 M | |||
| Cash Per Share | 12.89 X | |||
| Total Debt | 549.36 M | |||
| Debt To Equity | 1.71 % | |||
| Current Ratio | 1.09 X | |||
| Book Value Per Share | 5.46 X | |||
| Cash Flow From Operations | 53.77 M | |||
| Short Ratio | 1.21 X | |||
| Earnings Per Share | (2.09) X | |||
| Price To Earnings To Growth | 224.36 X | |||
| Target Price | 86.3 | |||
| Number Of Employees | 2.38 K | |||
| Beta | 0.84 | |||
| Market Capitalization | 6.18 B | |||
| Total Asset | 1.42 B | |||
| Retained Earnings | (963.55 M) | |||
| Working Capital | 158.42 M | |||
| Current Asset | 229.95 M | |||
| Current Liabilities | 93.2 M | |||
| Z Score | 6.33 | |||
| Net Asset | 1.42 B |
About New Relic Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze New Relic's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Relic using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Relic 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.New Relic, Inc., a software-as-a-service company, delivers a software platform for customers to collect telemetry data and derive insights from that data in a unified front-end application. New Relic, Inc. was founded in 2007 and is headquartered in San Francisco, California. New Relic operates under SoftwareInfrastructure classification in the United States and is traded on New York Stock Exchange. It employs 2217 people.
Pair Trading with New Relic
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if New Relic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in New Relic will appreciate offsetting losses from the drop in the long position's value.Moving against New Stock
| 0.57 | KB | KB Financial Group | PairCorr |
| 0.42 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.39 | BMA | Banco Macro SA | PairCorr |
| 0.34 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.32 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
The ability to find closely correlated positions to New Relic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Relic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back New Relic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling New Relic to buy it.
The correlation of New Relic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New Relic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Relic moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for New Relic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Other Consideration for investing in New Stock
If you are still planning to invest in New Relic check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the New Relic's history and understand the potential risks before investing.
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