New Pacific Metals Corp (AMEX: NEWP) Up 5.03%: This Is What Analysts Now Expect

New Pacific Metals Corp (AMEX:NEWP) shares, rose in value, with the stock price up by 5.03% to the previous day’s close as strong demand from buyers drove the stock to $1.67.

Actively observing the price movement in the last trading, the stock closed the session at $1.59. Referring to stock’s 52-week performance, its high was $3.04, and the low was $0.87. On the whole, NEWP has fluctuated by 51.82% over the past month.

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As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0 for fiscal year -$0.01 and then to about $0 by fiscal year 2025.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that NEWP’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a Hold.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NEWP currently trading nearly 46.63% and 44.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 78.43, while the 7-day volatility ratio is showing 13.25% which for the 30-day chart, stands at 9.87%. Furthermore, New Pacific Metals Corp (NEWP)’s beta value is 1.33, and its average true range (ATR) is 0.12.

A comparison of New Pacific Metals Corp (NEWP) with its peers suggests the former has fared considerably weaker in the market. NEWP showed an intraday change of 5.03% in last session, and over the past year, it shrunk by -37.92%%.

Data on historical trading for New Pacific Metals Corp (AMEX:NEWP) indicates that the trading volumes over the past 10 days have averaged 0.52 million and over the past 3 months, they’ve averaged 303.13K. According to company’s latest data on outstanding shares, there are 157.49 million shares outstanding.

Nearly 46.68% of New Pacific Metals Corp’s shares belong to company insiders and institutional investors own 14.37% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.95 million shares as on Mar 15, 2024, resulting in a short ratio of 5.32. According to the data, the short interest in New Pacific Metals Corp (NEWP) stood at 1.14% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 1.01 million. The stock has fallen by -12.57% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NEWP stock heading into the next quarter.