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The price of Ivanhoe Electric Inc (AMEX: IE) closed at $9.42 in the last session, down -7.37% from day before closing price of $10.17. In other words, the price has decreased by -$7.37 from its previous closing price. On the day, 0.56 million shares were traded. IE stock price reached its highest trading level at $10.12 during the session, while it also had its lowest trading level at $9.39.
Ratios:
We take a closer look at IE’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 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 1133291904 and an Enterprise Value of 1053417856. For the stock, the TTM Price-to-Sale (P/S) ratio is 316.57 while its Price-to-Book (P/B) ratio in mrq is 3.42. Its current Enterprise Value per Revenue stands at 293.922 whereas that against EBITDA is -5.362.
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 -10.84%, while the 200-Day Moving Average is calculated to be -5.56%.
Shares Statistics:
According to the various share statistics, IE traded on average about 750.35K shares per day over the past 3-months and 505470 shares per day over the past 10 days. 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 51.44% stake in the company. Shares short for IE as of 1721001600 were 6979709 with a Short Ratio of 9.30, compared to 1718323200 on 4477319. Therefore, it implies a Short% of Shares Outstanding of 6979709 and a Short% of Float of 7.33.
Earnings Estimates
The dynamic stock of Ivanhoe Electric Inc (IE) is currently attracting attention from 3.0 analysts actively involved in rating its market status.On average, analysts expect EPS of -$0.19 for the current quarter, with a high estimate of -$0.02 and a low estimate of -$0.34, while EPS last year was -$0.41. The consensus estimate for the next quarter is -$0.19, with high estimates of -$0.02 and low estimates of -$0.34.
Analysts are recommending an EPS of between -$0.51 and -$1.48 for the fiscal current year, implying an average EPS of -$1.01. EPS for the following year is -$0.63, with 4.0 analysts recommending between -$0.1 and -$1.13.
Revenue Estimates
According to 1 analysts, the current quarter’s revenue is expected to be $1M. It ranges from a high estimate of $1M to a low estimate of $1M. As of the current estimate, Ivanhoe Electric Inc’s year-ago sales were $1.31MFor the next quarter, 1 analysts are estimating revenue of $1M. There is a high estimate of $1M for the next quarter, whereas the lowest estimate is $1M.
A total of 3 analysts have provided revenue estimates for IE’s current fiscal year. The highest revenue estimate was $6.36M, while the lowest revenue estimate was $3M, resulting in an average revenue estimate of $4.45M. In the same quarter a year ago, actual revenue was $3.9MBased on 3 analysts’ estimates, the company’s revenue will be $5.33M in the next fiscal year. The high estimate is $8M and the low estimate is $4M.
