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New Relic, Inc is a software—infrastructure business based in the US. New Relic shares (NEWR) are listed on the NYSE and all prices are listed in US Dollars. New Relic employs 2,232 staff and has a trailing 12-month revenue of around USD$621.1 million.
Since the stock market crash in March caused by coronavirus, New Relic's share price has had significant positive movement.
Its last market close was USD$65.24, which is 8.83% up on its pre-crash value of USD$59.48 and 94.80% up on the lowest point reached during the March crash when the shares fell as low as USD$33.49.
If you had bought USD$1,000 worth of New Relic shares at the start of February 2020, those shares would have been worth USD$598.63 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$960.99.
|Latest market close||USD$65.24|
|52-week range||USD$33.49 - USD$74.2|
|50-day moving average||USD$58.9|
|200-day moving average||USD$60.7478|
|Wall St. target price||USD$70.33|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$-0.88|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-10-22)||4.92%|
|1 month (2020-09-29)||16.27%|
|3 months (2020-07-29)||-4.06%|
|6 months (2020-04-29)||21.94%|
|1 year (2019-10-29)||3.13%|
|2 years (2018-10-29)||-22.64%|
|3 years (2017-10-27)||29.68%|
|5 years (2015-10-29)||67.32%|
Valuing New Relic stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of New Relic's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
New Relic's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 36.2444. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into New Relic's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
|Revenue TTM||USD$621.1 million|
|Gross profit TTM||USD$496.3 million|
|Return on assets TTM||-4.84%|
|Return on equity TTM||-27.92%|
|Market capitalisation||USD$3.7 billion|
TTM: trailing 12 months
There are currently 4.6 million New Relic shares held short by investors – that's known as New Relic's "short interest". This figure is 20.2% down from 5.8 million last month.
There are a few different ways that this level of interest in shorting New Relic shares can be evaluated.
New Relic's "short interest ratio" (SIR) is the quantity of New Relic shares currently shorted divided by the average quantity of New Relic shares traded daily (recently around 807450.70422535). New Relic's SIR currently stands at 5.68. In other words for every 100,000 New Relic shares traded daily on the market, roughly 5680 shares are currently held short.
However New Relic's short interest can also be evaluated against the total number of New Relic shares, or, against the total number of tradable New Relic shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case New Relic's short interest could be expressed as 0.08% of the outstanding shares (for every 100,000 New Relic shares in existence, roughly 80 shares are currently held short) or 0.0885% of the tradable shares (for every 100,000 tradable New Relic shares, roughly 89 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against New Relic.
Find out more about how you can short New Relic stock.
We're not expecting New Relic to pay a dividend over the next 12 months.
Over the last 12 months, New Relic's shares have ranged in value from as little as $33.49 up to $74.2. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while New Relic's is 1.1247. This would suggest that New Relic's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
New Relic, Inc., a software-as-a-service company, provides platform that companies use to build, develop, and operate their digital businesses worldwide. It offers a suite of products on its open and extensible cloud-based platform, New Relic One Platform, which enables users to collect, store, and analyze telemetry data flowing through and about their software. It provides prebuilt dashboards and visualizations, as well as the ability to search across data types, create customized dashboards, and build applications that can be shared and customized by other users. The company offers customers with software code to add to their applications and infrastructure; open data application performance interfaces, and software development kits, as well as open source connectors and technologies for customers, partners, and third-party developers to extend its platform into their products; cloud-based architecture and big data database; and New Relic Application Performance Monitoring, Mobile, Browser, Synthetics, Infrastructure, and Insights products for analyzing data. It also provides New Relic chart builder, dashboards, and programmability features that allow customers to use connected data to build visuals; New Relic Applied Intelligence to spot abnormal behavior across billions of pieces of data; and New Relic Alerts, which provides a centralized notification system. It sells its products through direct sales organizations, and online and offline sales. The company was founded in 2007 and is headquartered in San Francisco, California.
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