New Found Gold Stock Analysis

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 0.21. 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 AMEX Exchange in the United States. To find out more about New Found Gold contact the company at 845-535-1486 or learn more at https://newfoundgold.ca.

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New Found Thematic Classifications

New Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 326.21 M.

New Profitablity

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 stockholder's equity (ROE) of (1.0968) %, meaning that it created 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. As of November 25, 2024, Return On Tangible Assets is expected to decline to -0.99. In addition to that, Return On Capital Employed is expected to decline to -1.66. At present, New Found's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Other Current Assets is expected to grow to about 5.1 M, whereas Total Current Assets are forecasted to decline to about 59 M.

Technical Drivers

As of the 25th of November, New Found secures the Mean Deviation of 2.87, standard deviation of 3.72, and Risk Adjusted Performance of (0.16). 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.

New Found Gold Price Movement Analysis

New Found Outstanding Bonds

New Found Predictive Daily Indicators

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.

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.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. New analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. New analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

New Found Gold stock analysis indicators help investors evaluate how New Found stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading New Found shares will generate the highest return on investment. By understating and applying New Found stock analysis, traders can identify New Found position entry and exit signals to maximize returns.

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.