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The closing price of Ivanhoe Electric Inc (AMEX: IE) was $6.66 for the day, down -0.60% from the previous closing price of $6.70. In other words, the price has decreased by -$0.60 from its previous closing price. On the day, 1.66 million shares were traded. IE stock price reached its highest trading level at $7.44 during the session, while it also had its lowest trading level at $6.62.
Ratios:
Our analysis of IE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.52 and its Current Ratio is at 3.66. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.23.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:
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 806665856 and an Enterprise Value of 765981312. For the stock, the TTM Price-to-Sale (P/S) ratio is 285.36 while its Price-to-Book (P/B) ratio in mrq is 2.77. Its current Enterprise Value per Revenue stands at 272.785 whereas that against EBITDA is -3.877.
Stock Price History:
Over the past 52 weeks, IE has reached a high of $16.38, while it has fallen to a 52-week low of $6.31. The 50-Day Moving Average of the stock is -23.21%, while the 200-Day Moving Average is calculated to be -30.11%.
Shares Statistics:
IE traded an average of 847.33K shares per day over the past three months and 734380 shares per day over the past ten days. A total of 120.03M shares are outstanding, with a floating share count of 72.91M. Insiders hold about 39.44% of the company’s shares, while institutions hold 56.98% stake in the company. Shares short for IE as of 1723680000 were 6816545 with a Short Ratio of 8.04, compared to 1721001600 on 6979709. Therefore, it implies a Short% of Shares Outstanding of 6816545 and a Short% of Float of 7.1499999999999995.
