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How to buy New Relic stock | 65.24
Own New Relic stock in just a few minutes.
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.
How to buy shares in New Relic
- Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for New Relic. Find the stock by name or ticker symbol: NEWR. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until New Relic reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of USD$65.24, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of New Relic, depending on your broker.
- Check in on your investment. Congratulations, you own a part of New Relic. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
How has coronavirus impacted New Relic's share price?
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.
New Relic share price
Use our graph to track the performance of NEWR stocks over time.New Relic shares at a glance
Information last updated 2020-10-20.
| 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$70.33 |
| PE ratio | N/A |
| Dividend yield | N/A (0%) |
| Earnings per share (TTM) | USD$-0.88 |
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Is it a good time to buy New Relic stock?
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.
New Relic price performance over time
Historical closes compared with the close of $65.24 from 2020-10-16
| 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% |
Is New Relic under- or over-valued?
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 PEG ratio
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.
New Relic financials
| 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% |
| Profit margin | -16.67% |
| Book value | $6.521 |
| Market capitalisation | USD$3.7 billion |
TTM: trailing 12 months
Shorting New Relic shares
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)
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.
New Relic share dividends
We're not expecting New Relic to pay a dividend over the next 12 months.
New Relic share price volatility
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 overview
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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