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After finishing at $9.47 in the prior trading day, Ivanhoe Electric Inc (AMEX: IE) closed at $9.63, up 1.69%. In other words, the price has increased by $1.69 from its previous closing price. On the day, 7.58 million shares were traded. IE stock price reached its highest trading level at $9.63 during the session, while it also had its lowest trading level at $9.03.
Ratios:
Our goal is to gain a better understanding of IE by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.76 and its Current Ratio is at 4.89. In the meantime, Its Debt-to-Equity ratio is 0.25 whereas as Long-Term Debt/Eq ratio is at 0.20.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 11,656 shares of IE for $142,436 on May 17 ’24. The Chief Operating Officer now owns 290,272 shares after completing the transaction at $12.22 per share. On May 16 ’24, another insider, Gibson Mark Andrew Stuart, who serves as the Chief Operating Officer of the company, sold 28,344 shares for $12.45 each. As a result, the insider received 352,883 and left with 301,928 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IE now has a Market Capitalization of 1158556416 and an Enterprise Value of 1078682368. For the stock, the TTM Price-to-Sale (P/S) ratio is 323.63 while its Price-to-Book (P/B) ratio in mrq is 3.49. Its current Enterprise Value per Revenue stands at 300.972 whereas that against EBITDA is -5.49.
Stock Price History:
Over the past 52 weeks, IE has reached a high of $16.75, while it has fallen to a 52-week low of $7.29. The 50-Day Moving Average of the stock is -10.87%, while the 200-Day Moving Average is calculated to be -7.05%.
Shares Statistics:
The stock has traded on average 599.98K shares per day over the past 3-months and 1496290 shares per day over the last 10 days, according to various share statistics. A total of 120.03M shares are outstanding, with a floating share count of 71.91M. Insiders hold about 40.23% of the company’s shares, while institutions hold 51.43% stake in the company. Shares short for IE as of 1715731200 were 4037042 with a Short Ratio of 6.19, compared to 1713139200 on 4237708. Therefore, it implies a Short% of Shares Outstanding of 4037042 and a Short% of Float of 4.24.
