New Pacific Metals Corp (AMEX: NEWP) is -16.75% lower on its value in year-to-date trading and has touched a low of $0.87 and a high of $2.53 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NEWP stock was last observed hovering at around $1.63 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $1.59, the stock is -0.08% and -1.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing -2.75% at the moment leaves the stock 1.17% off its SMA200. NEWP registered -16.75% loss for a year compared to 6-month loss of -22.82%. The firm has a 50-day simple moving average (SMA 50) of $1.608 and a 200-day simple moving average (SMA200) of $1.5694.
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The stock witnessed a -21.29% gain in the last 1 month and extending the period to 3 months gives it a 8.90%, and is 1.92% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.55% over the week and 6.85% over the month.
Distance from 52-week low is 82.76% and -37.10% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.05%).
The EPS is expected to grow by 28.29% this year
66.0 institutions hold shares in New Pacific Metals Corp (NEWP), with institutional investors hold 29.68% of the company’s shares. The shares outstanding are 171.30M, and float is at 91.42M with Short Float at 0.89%. Institutions hold 15.97% of the Float.
The top institutional shareholder in the company is JUPITER ASSET MANAGEMENT LTD with over 10.69 million shares valued at $16.1 million. The investor’s holdings represent 6.2451 of the NEWP Shares outstanding. As of 2024-06-30, the second largest holder is MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. with 2.53 million shares valued at $3.81 million to account for 1.4775 of the shares outstanding. The other top investors are BANK OF MONTREAL /CAN/ which holds 1.89 million shares representing 1.1061 and valued at over $2.99 million, while SPROTT INC. holds 0.4893 of the shares totaling 0.84 million with a market value of $1.26 million.
