The price of Ivanhoe Electric Inc (AMEX: IE) closed at $7.64 in the last session, up 3.24% from day before closing price of $7.40. In other words, the price has increased by $+0.24 from its previous closing price. On the day, 717691 shares were traded.
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 5.32 and its Current Ratio is at 5.45. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.18.
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 Feb 29 when Boyd Graham Richard Thomas bought 4,000 shares for $7.44 per share. The transaction valued at 29,760 led to the insider holds 6,510 shares of the business.
Joseph Cassandra Pulskamp bought 2,000 shares of IE for $14,840 on Feb 28. The Gen Counsel & Corp Secretary now owns 2,000 shares after completing the transaction at $7.42 per share. On Nov 21, another insider, Melvin Joseph Taylor, who serves as the President and CEO of the company, sold 61,953 shares for $10.27 each. As a result, the insider received 636,257 and left with 708,047 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 919.14M and an Enterprise Value of 793.28M. For the stock, the TTM Price-to-Sale (P/S) ratio is 235.14 while its Price-to-Book (P/B) ratio in mrq is 2.45. Its current Enterprise Value per Revenue stands at 203.25 whereas that against EBITDA is -3.76.
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 8.82, while the 200-Day Moving Average is calculated to be 11.98.
Shares Statistics:
According to the various share statistics, IE traded on average about 471.29K shares per day over the past 3-months and 417.06k shares per day over the past 10 days. A total of 120.03M shares are outstanding, with a floating share count of 70.86M. Insiders hold about 40.97% of the company’s shares, while institutions hold 51.30% stake in the company. Shares short for IE as of Feb 15, 2024 were 3.64M with a Short Ratio of 7.72, compared to 3.03M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.04% and a Short% of Float of 3.82%.
Earnings Estimates
The company has 3 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.19 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.34, while EPS last year was -$0.39. 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 -$0.05 and -$1.37 for the fiscal current year, implying an average EPS of -$0.8. EPS for the following year is -$0.67, with 4 analysts recommending between -$0.09 and -$1.3.
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 $679k, an estimated increase of 47.30% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $1M, a decrease of -23.90% less than the figure of $47.30% in the same quarter last year. There is a high estimate of $1M for the next quarter, whereas the lowest estimate is $1M.
Based on 4 analysts’ estimates, the company’s revenue will be $5.2M in the next fiscal year. The high estimate is $8M and the low estimate is $3.81M. The average revenue growth estimate for next year is up 25.30% from the average revenue estimate for this year.
