Newgen Software Share Price Soars to All-Time High - Analytics Insight
| NEWGEN Stock | 1,565 21.35 1.35% |
About 62% of Newgen Software's investor base is looking to short. The analysis of the overall prospects from investing in Newgen Software Technologies suggests that many traders are, at the present time, alarmed. The current market sentiment, together with Newgen Software's historical and current headlines, can help investors time the market. In addition, many technical investors use Newgen Software Tech stock news signals to limit their universe of possible portfolio assets.
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Newgen Software Share Price Soars to All-Time High Analytics Insight
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Newgen Software Fundamental Analysis
We analyze Newgen Software's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Newgen Software using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Newgen Software 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.
Current Valuation
Current Valuation Comparative Analysis
Newgen Software is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Newgen Software Tech Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Newgen Software stock to make a market-neutral strategy. Peer analysis of Newgen Software could also be used in its relative valuation, which is a method of valuing Newgen Software by comparing valuation metrics with similar companies.
Peers
Newgen Software Related Equities
| DEVIT | Dev Information | 0.97 | ||||
| NUCLEUS | Nucleus Software | 0.64 | ||||
| CAMS | Computer Age | 0.29 | ||||
| FRETAIL | Future Retail | 0.00 | ||||
| TCI | Transport | 0.05 | ||||
| IXIGO | Le Travenues | 0.35 | ||||
| FCSSOFT | FCS Software | 0.63 | ||||
| PRAXIS | Praxis Home | 2.01 |
Complementary Tools for Newgen Stock analysis
When running Newgen Software's price analysis, check to measure Newgen Software'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 Newgen Software is operating at the current time. Most of Newgen Software's value examination focuses on studying past and present price action to predict the probability of Newgen Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newgen Software's price. Additionally, you may evaluate how the addition of Newgen Software to your portfolios can decrease your overall portfolio volatility.
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