Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
As of close of business last night, Ivanhoe Electric Inc’s stock clocked out at $5.86, down -8.01% from its previous closing price of $6.37. In other words, the price has decreased by -$8.01 from its previous closing price. On the day, 0.64 million shares were traded.
Ratios:
To gain a deeper understanding of IE’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.50 and its Current Ratio is at 2.50. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.27.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, JP Morgan on October 17, 2023, initiated with a Overweight rating and assigned the stock a target price of $18.
On December 22, 2022, Scotiabank started tracking the stock assigning a Sector Perform rating and target price of $14.
On September 28, 2022, Raymond James started tracking the stock assigning a Outperform rating and target price of $12.Raymond James initiated its Outperform rating on September 28, 2022, with a $12 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 20 ’24 when Gibson Mark Andrew Stuart sold 25,000 shares for $12.16 per share. The transaction valued at 304,000 led to the insider holds 260,272 shares of the business.
Gibson Mark Andrew Stuart sold 28,344 shares of IE for $352,883 on May 16 ’24. The Chief Operating Officer now owns 301,928 shares after completing the transaction at $12.45 per share. On May 17 ’24, another insider, Gibson Mark Andrew Stuart, who serves as the Chief Operating Officer of the company, sold 11,656 shares for $12.22 each. As a result, the insider received 142,436 and left with 290,272 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 236.98 while its Price-to-Book (P/B) ratio in mrq is 2.82.
Stock Price History:
Over the past 52 weeks, IE has reached a high of $12.98, while it has fallen to a 52-week low of $5.76. The 50-Day Moving Average of the stock is -13.81%, while the 200-Day Moving Average is calculated to be -33.10%.
Shares Statistics:
A total of 120.40M shares are outstanding, with a floating share count of 72.70M. Insiders hold about 39.65% of the company’s shares, while institutions hold 59.73% stake in the company.
