Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
After finishing at $7.99 in the prior trading day, Ivanhoe Electric Inc (AMEX: IE) closed at $7.30, down -8.64%. In other words, the price has decreased by -$8.64 from its previous closing price. On the day, 0.75 million shares were traded. IE stock price reached its highest trading level at $8.188 during the session, while it also had its lowest trading level at $7.19.
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 2.50 and its Current Ratio is at 2.50. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.27.
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 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 962446656 and an Enterprise Value of 893580480. For the stock, the TTM Price-to-Sale (P/S) ratio is 271.74 while its Price-to-Book (P/B) ratio in mrq is 3.51. Its current Enterprise Value per Revenue stands at 275.796 whereas that against EBITDA is -4.645.
Stock Price History:
The Beta on a monthly basis for IE is 0.78, which has changed by -0.16071427 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. Over the past 52 weeks, IE has reached a high of $12.98, while it has fallen to a 52-week low of $6.31. The 50-Day Moving Average of the stock is -20.11%, while the 200-Day Moving Average is calculated to be -22.18%.
Shares Statistics:
The stock has traded on average 517.96K shares per day over the past 3-months and 455680 shares per day over the last 10 days, according to various share statistics. A total of 120.40M shares are outstanding, with a floating share count of 73.42M. Insiders hold about 39.05% of the company’s shares, while institutions hold 61.13% stake in the company. Shares short for IE as of 1734048000 were 8042174 with a Short Ratio of 15.53, compared to 1731628800 on 8092451. Therefore, it implies a Short% of Shares Outstanding of 8042174 and a Short% of Float of 8.44.
