What’s Happening To These Stocks? – New Gold Inc. (NGD), Hertz Global Holdings, Inc. (HTZ)

The opening price for New Gold Inc. (NYSE:NGD) was $2.53 and the volume amounted to 9.84 million shares which compares with the average volume of 5.24 million shares. The company stock experienced a -4.47% move to arrive at $2.35.

New Gold Inc. (NGD) Analyst Opinion

New Gold Inc. has a consensus outperform rating from 19 Wall Street analysts, and the number of shares currently sold short amount to at least 1.28% of shares outstanding. The stock sank -0.84% last month and is down -28.57 this year. Wall Street is only getting more bullish on the stock, with 9 of analysts who cover NGD having a buy-equivalent rating. Analysts have placed a $3.81 price target on New Gold Inc., suggesting a 62.13% gain from recent close. It’s currently trading about -44.71% below its 52-week high.

New Gold Inc. Earnings Surprise

New Gold Inc. (NGD) failed to surprise the stock market in its last reported earnings when it earned -$0.03 a piece versus the consensus-estimated $0.01. Its revenue totaled $212.87 million up 10.01% from the previous quarter.

New Gold Inc. (NYSE:NGD) Intraday View

This stock (NGD) is ahead of its 52-week low with 5.85%. Its last month’s stock price volatility remained 4.21% which for the week stands at 3.79%. The share price has moved backward from its 20 days moving average, trading at a distance of -3.35% and stays -4.69% away from its 50 days moving average. Over the last five days, shares have faced -4.08% losses and now is down -24.7% since hitting its 200-day moving average of $2.89. New Gold Inc. (NGD) has made its way to a 12-month decline of -15.77%.

Turning to Hertz Global Holdings, Inc. (NYSE:HTZ), its shares were trading at $17.02 a retreat of $-0.11, on the trading floor. The stock, after opening at $17.18, touched a high of $17.79 before paring much of its gains. So far, analysts are sticking with their bearish recommendations with the consensus call at 3. Hertz Global Holdings, Inc. has 1 buy ratings, 3 holds and 0 sells even after the stock tumbled -37.59% from its high of $27.27 to a $1.51 billion market value through last close.

Hertz Global Holdings, Inc. (HTZ) Consensus Price Target

The company’s consensus rating on Reuter’s scale slipped from 3 to 2.75 during a month. Analysts set a 12-month price target of $21.29 a share. The target implies a 25.09% spike from where the shares are currently trading. Also, the current price highlights a discount of 123.27% to analysts’ high consensus price target.

Hertz Global Holdings, Inc. (NYSE:HTZ) Intraday Trading

The counter witnessed a trading volume of 5.58 million shares versus an average volume of 3.25 million shares during last trading session. Its last month’s stock price volatility remained 7.23% which for the week approaches 5.58%. The lowest price the stock reached in the last trading day was $16.93 and compares with the $8.52 52-week low. The stock recovered 99.77% since its low point and has performed -22.99% year-to-date.

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