The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
In the latest session, Metals Acquisition Limited (NYSE: MTAL) closed at $12.44 down -3.19% from its previous closing price of $12.85. In other words, the price has decreased by -$3.19 from its previous closing price. On the day, 0.98 million shares were traded. MTAL stock price reached its highest trading level at $13.03 during the session, while it also had its lowest trading level at $11.52.
Ratios:
For a deeper understanding of Metals Acquisition Limited’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.29 and its Current Ratio is at 0.39. In the meantime, Its Debt-to-Equity ratio is 1.22 whereas as Long-Term Debt/Eq ratio is at 1.09.
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, Scotiabank on March 04, 2024, initiated with a Sector Outperform rating and assigned the stock a target price of $14.50.
On December 14, 2023, National Bank Financial started tracking the stock assigning a Outperform rating and target price of $14.
On August 17, 2023, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $14.BMO Capital Markets initiated its Outperform rating on August 17, 2023, with a $14 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MTAL now has a Market Capitalization of 891201600 and an Enterprise Value of 1310597120. For the stock, the TTM Price-to-Sale (P/S) ratio is 46.43 while its Price-to-Book (P/B) ratio in mrq is 1.73. Its current Enterprise Value per Revenue stands at 8.243 whereas that against EBITDA is 45.215.
Stock Price History:
Over the past 52 weeks, MTAL has reached a high of $14.11, while it has fallen to a 52-week low of $8.49. The 50-Day Moving Average of the stock is -3.62%, while the 200-Day Moving Average is calculated to be 6.53%.
Shares Statistics:
For the past three months, MTAL has traded an average of 151.08K shares per day and 619970 over the past ten days. A total of 69.35M shares are outstanding, with a floating share count of 44.50M. Insiders hold about 35.84% of the company’s shares, while institutions hold 36.45% stake in the company. Shares short for MTAL as of 1713139200 were 62682 with a Short Ratio of 0.41, compared to 1710460800 on 58377. Therefore, it implies a Short% of Shares Outstanding of 62682 and a Short% of Float of 0.11.
