How have the shares performed?
Newater Technology Inc. (NEWA) saw an uptrend of 4.48% in the recent trading with $3.43 being its most recent. The current price level -38.05% lower than the highest price of $5.53 marked by the stock while trading over the past 52-weeks, whereas it is 41.56% higher than the lowest price of $2.42 the company dropped to over past 52-weeks. The latest news story on NEWA appeared in PR Newswire under the title “Newater Technology, Inc. Announces Year 2020 Audited Financial Results” on May-03-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -1.78% below one month high and is +7.41% above of the lowest during that time. Looking into the simple moving average, Newater Technology Inc. (NEWA)’s stock stands at a SMA-50 of $3.36 while that of 5-day is reading $3.29.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and NEWA’s SMA-200 as of now is $3.53.
Newater Technology Inc. Earnings – What Happened With NEWA
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
NEWA – Newater Technology Inc. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 10.81 million. NEWA does have institutional investors; and they hold 1.10% of the stock.
Newater Technology Inc. – Insider Activity and Holdings
As on Mar 30, 2021, Renaissance Technologies, LLC was the top most holder in Newater Technology Inc. (NASDAQ:NEWA) with an ownership of 83600.0 shares of the company or 0.77% of the stake worth $0.28 million. The filing also reveals State Street Corporation as the second largest holder in the company with a control over 0.28% of the outstanding shares. Its stake is worth $0.1 million for having 30241.0 shares in hand.
UBS Group AG also came holding a key position in the company during the recent quarter and it now holds 0.01% of the outstanding shares. With this there are now 4 institutions which have possession in NEWA’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Newater Technology Inc. has a debt to equity ratio of 0.70.
Newater Technology Inc.’s return on equity, or ROE, is 17.50%, compared to the industry average of 5.98% for Industrials – Waste Management. Although this indicates that NEWA uses its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Newater Technology Inc. (NASDAQ:NEWA) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Newater Technology Inc. (NEWA), we notice that the stock’s 20-day average volume is at 26,555 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 29,126 shares. And to end, NEWA’s 100-day average volume is 53,751 shares with 100% of the long-term indicators pointing towards Sell for the stock.