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NEWR
Stock ticker: NYSE
AS OF
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Price
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Capitalization
6.08B

NEWR New Relic Forecast, Technical & Fundamental Analysis

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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for NEWR with price predictions
08:00 PM EDT Sep 28, 2023

NEWR's Stochastic Oscillator sits in overbought zone for 2 days

Expect a price pull-back in the near future.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NEWR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

NEWR broke above its upper Bollinger Band on September 26, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 25, 2023. You may want to consider a long position or call options on NEWR as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NEWR advanced for three days, in of 309 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 247 cases where NEWR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NEWR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (17.241) is normal, around the industry mean (19.752). P/E Ratio (0.000) is within average values for comparable stocks, (153.005). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.652). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (6.154) is also within normal values, averaging (74.348).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NEWR’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Adobe (NASDAQ:ADBE), Salesforce (NYSE:CRM), Intuit (NASDAQ:INTU), SERVICENOW (NYSE:NOW), Uber Technologies (NYSE:UBER), Activision Blizzard (NASDAQ:ATVI), Palo Alto Networks (NASDAQ:PANW), VMware (NYSE:VMW).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 8.09B. The market cap for tickers in the group ranges from 291 to 2.35T. MSFT holds the highest valuation in this group at 2.35T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was -0%. For the same Industry, the average monthly price growth was -6%, and the average quarterly price growth was 3%. DTRK experienced the highest price growth at 100%, while WOWI experienced the biggest fall at -98%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -18%. For the same stocks of the Industry, the average monthly volume growth was -3% and the average quarterly volume growth was -18%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 74
Price Growth Rating: 64
SMR Rating: 83
Profit Risk Rating: 89
Seasonality Score: -17 (-100 ... +100)
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A.I. Advisor
published Earnings

NEWR is expected to report earnings to fall 10.60% to 38 cents per share on November 07

New Relic NEWR Stock Earnings Reports
Q3'23
Est.
$0.38
Q2'23
Beat
by $0.12
Q1'23
Beat
by $0.20
Q4'22
Beat
by $0.17
Q3'22
Beat
by $0.19
The last earnings report on July 31 showed earnings per share of 43 cents, beating the estimate of 30 cents. With 1.75M shares outstanding, the current market capitalization sits at 6.08B.
A.I. Advisor
published General Information

General Information

a developer of software for analytics solutions

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Information Technology Services
Address
188 Spear Street
Phone
+1 650 777-7600
Employees
2663
Web
https://www.newrelic.com
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NEWR and

Correlation & Price change

A.I.dvisor indicates that over the last year, NEWR has been loosely correlated with COIN. These tickers have moved in lockstep 53% of the time. This A.I.-generated data suggests there is some statistical probability that if NEWR jumps, then COIN could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NEWR
1D Price
Change %
NEWR100%
-0.01%
COIN - NEWR
53%
Loosely correlated
-0.11%
DDOG - NEWR
52%
Loosely correlated
+2.38%
APPN - NEWR
49%
Loosely correlated
+2.13%
MDB - NEWR
48%
Loosely correlated
+0.80%
FRSH - NEWR
48%
Loosely correlated
+1.79%
More

Groups containing NEWR

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NEWR
1D Price
Change %
NEWR100%
-0.01%
servers
(undefined stocks)
54%
Loosely correlated
-0.91%
it software
(undefined stocks)
54%
Loosely correlated
-0.78%
information technology
(undefined stocks)
53%
Loosely correlated
-0.81%
cloud
(undefined stocks)
52%
Loosely correlated
-0.96%
networking
(undefined stocks)
52%
Loosely correlated
-0.60%
More