Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
As of close of business last night, SSR Mining Inc’s stock clocked out at $5.40, up 1.12% from its previous closing price of $5.34. In other words, the price has increased by $1.12 from its previous closing price. On the day, 2.27 million shares were traded. SSRM stock price reached its highest trading level at $5.59 during the session, while it also had its lowest trading level at $5.37.
Ratios:
To gain a deeper understanding of SSRM’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.56. For the most recent quarter (mrq), Quick Ratio is recorded 3.99 and its Current Ratio is at 7.01. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.09.
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 the company, UBS on February 22, 2024, Downgraded its rating to Neutral and sets its target price to $5 from $17 previously.
On February 20, 2024, RBC Capital Mkts Downgraded its rating to Underperform which previously was Sector Perform and also lowered its target price recommendation from $6 to $3.
RBC Capital Mkts Downgraded its Outperform to Sector Perform on February 15, 2024, whereas the target price for the stock was revised from $14 to $6.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 07 ’24 when Ebbett John sold 2,076 shares for $4.52 per share. The transaction valued at 9,384 led to the insider holds 30,205 shares of the business.
Anglin Arthur Michael bought 8,000 shares of SSRM for $129,840 on May 12 ’23. The Director now owns 52,306 shares after completing the transaction at $16.23 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SSRM now has a Market Capitalization of 1091286016 and an Enterprise Value of 1852775936. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.77 while its Price-to-Book (P/B) ratio in mrq is 0.32. Its current Enterprise Value per Revenue stands at 1.298 whereas that against EBITDA is 3.736.
Stock Price History:
Over the past 52 weeks, SSRM has reached a high of $17.72, while it has fallen to a 52-week low of $3.76. The 50-Day Moving Average of the stock is 14.44%, while the 200-Day Moving Average is calculated to be -47.58%.
Shares Statistics:
It appears that SSRM traded 5.52M shares on average per day over the past three months and 3449400 shares per day over the past ten days. A total of 202.95M shares are outstanding, with a floating share count of 200.23M. Insiders hold about 1.10% of the company’s shares, while institutions hold 66.86% stake in the company. Shares short for SSRM as of 1713139200 were 5228087 with a Short Ratio of 0.95, compared to 1710460800 on 4480959. Therefore, it implies a Short% of Shares Outstanding of 5228087 and a Short% of Float of 2.91.
Dividends & Splits
With its trailing 12-month dividend rate of 0.28, SSRM has a forward annual dividend rate of 0.21. Against a Trailing Annual Dividend Yield of 0.052434456
