New Found Gold Stock Analysis
| NFG Stock | CAD 2.38 0.12 5.31% |
New Found Gold is overvalued with Real Value of 2.25 and Hype Value of 2.35. The main objective of New Found stock analysis is to determine its intrinsic value, which is an estimate of what New Found Gold is worth, separate from its market price. There are two main types of New Found's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect New Found's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of New Found's stock to identify patterns and trends that may indicate its future price movements.
The New Found stock is traded in Canada on TSX Venture Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Canada. New Found is usually not traded on Canada Day, Civic Holiday, Labour Day, Christmas Day, Boxing Day, New Year 's Day, Family Day, Good Friday, Victoria Day. New Stock trading window is adjusted to America/Toronto timezone.
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New Stock Analysis Notes
About 44.0% of the company outstanding shares are owned by corporate insiders. The company recorded a loss per share of 0.3. New Found Gold had not issued any dividends in recent years. New Found Gold Corp., a mineral exploration company, engages in the identification, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, and Ontario. New Found Gold Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada. NEW FOUND is traded on Commodity Exchange in Exotistan. To find out more about New Found Gold contact the company at 845-535-1486 or learn more at https://newfoundgold.ca.New Found Gold Investment Alerts
| New Found Gold generated a negative expected return over the last 90 days | |
| New Found Gold has high historical volatility and very poor performance | |
| Net Loss for the year was (79.89 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| New Found Gold has accumulated about 62.91 M in cash with (99.27 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.37. | |
| Roughly 44.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: New Found Gold Welcomes New Leadership - TipRanks |
New Largest EPS Surprises
Earnings surprises can significantly impact New Found's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-11-11 | 2024-09-30 | -0.04 | -0.0575 | -0.0175 | 43 | ||
2024-08-09 | 2024-06-30 | -0.04 | -0.06 | -0.02 | 50 | ||
2024-05-09 | 2024-03-31 | -0.09 | -0.07 | 0.02 | 22 |
New Market Capitalization
The company currently falls under 'Small-Cap' category with a current market capitalization of 473.4 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate New Found's market, we take the total number of its shares issued and multiply it by New Found's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.New Profitablity
New Found's profitability indicators refer to fundamental financial ratios that showcase New Found's ability to generate income relative to its revenue or operating costs. If, let's say, New Found is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, New Found's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of New Found's profitability requires more research than a typical breakdown of New Found's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.94) | (0.99) | |
| Return On Capital Employed | (1.58) | (1.66) | |
| Return On Assets | (0.94) | (0.99) | |
| Return On Equity | (1.22) | (1.28) |
Management Efficiency
New Found Gold has return on total asset (ROA) of (0.6586) % which means that it has lost $0.6586 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (1.0968) %, meaning that it generated substantial loss on money invested by shareholders. New Found's management efficiency ratios could be used to measure how well New Found manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.99 in 2024. Return On Capital Employed is likely to drop to -1.66 in 2024. At this time, New Found's Net Tangible Assets are fairly stable compared to the past year. Total Assets is likely to climb to about 93.8 M in 2024, whereas Non Current Assets Total are likely to drop slightly above 11.8 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.37 | 0.34 | |
| Tangible Book Value Per Share | 0.37 | 0.34 | |
| Enterprise Value Over EBITDA | (7.64) | (8.02) | |
| Price Book Value Ratio | 12.72 | 20.82 | |
| Enterprise Value Multiple | (7.64) | (8.02) | |
| Price Fair Value | 12.72 | 20.82 | |
| Enterprise Value | 744.6 M | 423.4 M |
Leadership effectiveness at New Found Gold is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Beta 0.541 | Return On Assets (0.66) | Return On Equity (1.10) |
Technical Drivers
As of the 27th of December, New Found secures the Mean Deviation of 3.15, risk adjusted performance of (0.09), and Standard Deviation of 4.0. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of New Found Gold, as well as the relationship between them. Please verify New Found Gold market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if New Found Gold is priced some-what accurately, providing market reflects its recent price of 2.38 per share.New Found Gold Price Movement Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. New Found middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for New Found Gold. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
New Found Outstanding Bonds
New Found issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. New Found Gold uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most New bonds can be classified according to their maturity, which is the date when New Found Gold has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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New Found Predictive Daily Indicators
New Found intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of New Found stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
New Found Forecast Models
New Found's time-series forecasting models are one of many New Found's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary New Found's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About New Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how New Found prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling New shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as New Found. By using and applying New Stock analysis, traders can create a robust methodology for identifying New entry and exit points for their positions.
| Last Reported | Projected for Next Year |
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As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding New Found to your portfolios without increasing risk or reducing expected return.Did you try this?
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Additional Tools for New Stock Analysis
When running New Found's price analysis, check to measure New Found'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 Found is operating at the current time. Most of New Found's value examination focuses on studying past and present price action to predict the probability of New Found'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 Found's price. Additionally, you may evaluate how the addition of New Found to your portfolios can decrease your overall portfolio volatility.