Is It Right Time to Be Bearish on New Gold Inc. (NGD), Revolve Group, Inc. (RVLV)?

    The shares of New Gold Inc. (NYSE:NGD) has been pegged with a rating of Underweight by JP Morgan in its latest research note that was published on May 30th, 2019. JP Morgan wasn’t the only research firm that published a report of New Gold Inc., with other equities research analysts also giving their opinion on the stock. Credit Suisse advised investors in its research note published on April 16th, 2019, to Neutral the NGD stock. The stock had earned Sector Underperform rating from CIBC when it published its report on February 15th, 2019. The stock was given Neutral rating by JP Morgan in its report released on January 8th, 2019. RBC Capital Mkts was of a view that NGD is Underperform in its latest report on August 15th, 2018. Credit Suisse thinks that NGD is worth Underperform rating. This was contained in the firm’s report on July 26th, 2018.

    Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 9 believe it has the potential for further growth, thus rating it as Hold while 0 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $3.81. The price of the stock the last time has raised by 91.77% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 47.06.

    The shares of the company dipped by -0.85% during the trading session on Thursday, reaching a low of $1.16 while ending the day at $1.17. During the trading session, a total of 1.38 million shares were traded which represents a 77.44% incline from the average session volume which is 6.13M shares. NGD had ended its last session trading at 1.18. New Gold Inc. currently has a market cap of $677.55M while its P/E earnings growth sits at 1.08, with a beta of 1.09. New Gold Inc. debt-to-equity ratio currently stands at 0.91, while its quick ratio hovers at 1.10. NGD 52-week low price stands at $0.61 while its 52-week high price is $1.56.

    The company in its last quarterly report recorded -$0.01 earnings per share which is below the -$0.01 predicted by most analysts. The New Gold Inc. generated $155.10 million in revenue during the last quarter, which is slightly lower than the $164.98 million predicted by analysts. Compared to the same quarter last year, the firm’s revenue was up by 100%. New Gold Inc. has the potential to record -1.35 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at William Blair published a research note on July 2nd, 2019 where it informed investors and clients that Revolve Group, Inc. (NYSE:RVLV) is now rated as Outperform. Credit Suisse also rated RVLV as Initiated on April 16th, 2019, with its price target of $7 suggesting that RVLV could surge by 39.14% from its current share price. Even though the stock has been trading at $25.38/share, analysts expect it to surge higher by 0.12% to reach $41.75/share. It started the day trading at $26.50 and traded between $24.86 and $25.41 throughout the trading session.

    The stock has a high of $48.36 for the year while the low is $22.06. The company’s P/E ratio currently sits at 89.47, while the P/B ratio is 15.07. At the moment, only of Revolve Group, Inc. shares were sold short. The company’s average trading volume currently stands at 2.22M shares, which means that the short-interest ratio is just 2.02 days. Over the past seven days, the company moved, with its shift of 3.84%. Looking further, the stock has dropped over the past 90 days while it lost over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Eagle Asset Management Inc bought more RVLV shares, increasing its portfolio by +18.11% during the last quarter. This move now sees Eagle Asset Management Inc purchasing 214,580 shares in the last quarter, thus it now holds 1,399,526 shares of RVLV, with a total valuation of $48,241,661.