New Pacific Metals Corp (AMEX: NEWP) is 17.80% higher on its value in year-to-date trading and has touched a low of $0.93 and a high of $2.05 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NEWP stock was last observed hovering at around $1.48 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $1.39, the stock is -4.81% and 8.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing -6.08% at the moment leaves the stock 3.25% off its SMA200. NEWP registered -17.75% loss for a year compared to 6-month loss of -5.44%.
The stock witnessed a 17.80% gain in the last 1 month and extending the period to 3 months gives it a 4.51%, and is -11.46% down 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 3.66% over the week and 5.28% over the month.
New Pacific Metals Corp (NEWP) has around 32 employees, a market worth around $238.38M and $0.00M in sales. Distance from 52-week low is 49.59% and -32.20% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.26%).
The EPS is expected to grow by 65.05% this year, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
The shares outstanding are 171.78M, and float is at 90.51M with Short Float at 1.39%.
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 6.3729 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 1.5077 of the shares outstanding. The other top investors are BANK OF MONTREAL /CAN/ which holds 1.89 million shares representing 1.1287 and valued at over $2.99 million, while SPROTT INC. holds 0.4993 of the shares totaling 0.84 million with a market value of $1.26 million.
