New Age Metals Stock Price on May 29, 2024

NAM Stock  CAD 0.09  0.01  5.56%   
Below is the normalized historical share price chart for New Age Metals extending back to June 03, 1998. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of New Age stands at 0.09, as last reported on the 10th of December, with the highest price reaching 0.09 and the lowest price hitting 0.09 during the day.
200 Day MA
0.1404
50 Day MA
0.1058
Beta
1.314
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. New Age appears to be out of control, given 3 months investment horizon. New Age Metals has Sharpe Ratio of 0.0639, which conveys that the firm had a 0.0639% return per unit of risk over the last 3 months. By analyzing New Age's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please exercise New Age's Risk Adjusted Performance of 0.0549, downside deviation of 14.55, and Mean Deviation of 4.72 to check out if our risk estimates are consistent with your expectations.
  
At this time, New Age's Other Stockholder Equity is fairly stable compared to the past year. Capital Stock is likely to climb to about 47 M in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 48 M in 2024. . Price Earnings Ratio is likely to drop to -15.96 in 2024. Price Book Value Ratio is likely to drop to 0.70 in 2024. New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0639

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Estimated Market Risk

 9.04
  actual daily
80
80% of assets are less volatile

Expected Return

 0.58
  actual daily
11
89% of assets have higher returns

Risk-Adjusted Return

 0.06
  actual daily
5
95% of assets perform better
Based on monthly moving average New Age is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of New Age by adding it to a well-diversified portfolio.
Price Book
0.3554
Book Value
0.239
Enterprise Value
1.2 M
Enterprise Value Ebitda
(9.56)
Shares Float
40.1 M

New Age Main Headline on 29th of May 2024

Marathon Digital Trading 5.6 percent Higher Defense World

New Age Valuation on May 29, 2024

It is possible to determine the worth of New Age on a given historical date. On May 29, 2024 New was worth 0.16 at the beginning of the trading date compared to the closed value of 0.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Age stock. Still, in general, we apply an absolute valuation method to find New Age's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of New Age where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Age's related companies.
 Open High Low Close Volume
  0.16    0.16    0.16    0.16    6,000  
05/29/2024
  0.16    0.20    0.16    0.20    40,900  
  0.20    0.20    0.20    0.20    31,750  
Backtest New Age  |  New Age History  |  New Age Valuation   PreviousNext  
Open Value
0.16
0.2
Closing Value
27.29
Upside

New Age Trading Date Momentum on May 29, 2024

On May 30 2024 New Age Metals was traded for  0.20  at the closing time. The highest daily price throughout the period was 0.20  and the lowest price was  0.20 . The daily volume was 31.8 K. The net trading volume on 05/30/2024 did not cause price change. The trading delta at closing time to current closing price is 20.00% .

New Age Metals Fundamentals Correlations and Trends

By evaluating New Age's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among New Age's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. New financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About New Age Stock history

New Age investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Age Metals will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing New Age stock prices may prove useful in developing a viable investing in New Age
Last ReportedProjected for Next Year
Common Stock Shares Outstanding55.6 M48 M
Net Loss-748 K-785.4 K

New Age Quarterly Net Working Capital

3.46 Million

New Age Stock Technical Analysis

New Age technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of New Age technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of New Age trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

New Age Period Price Range

Low
December 10, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

New Age Metals cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

New Age December 10, 2024 Market Strength

Market strength indicators help investors to evaluate how New Age 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 Age shares will generate the highest return on investment. By undertsting and applying New Age stock market strength indicators, traders can identify New Age Metals entry and exit signals to maximize returns

New Age Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for New Age's price direction in advance. Along with the technical and fundamental analysis of New Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of New to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Additional Tools for New Stock Analysis

When running New Age's price analysis, check to measure New Age'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 Age is operating at the current time. Most of New Age's value examination focuses on studying past and present price action to predict the probability of New Age'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 Age's price. Additionally, you may evaluate how the addition of New Age to your portfolios can decrease your overall portfolio volatility.