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.
Ivanhoe Electric Inc (AMEX: IE) closed the day trading at $10.68 up 11.83% from the previous closing price of $9.55. In other words, the price has increased by $11.83 from its previous closing price. On the day, 0.64 million shares were traded. IE stock price reached its highest trading level at $10.69 during the session, while it also had its lowest trading level at $9.7.
Ratios:
For a better understanding of IE, let’s look at its different ratios. 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:
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 Mar 06 ’24 when Kuntz Glen Nickolas bought 1,342 shares for $8.23 per share. The transaction valued at 11,045 led to the insider holds 3,042 shares of the business.
Markin Quentin bought 20,000 shares of IE for $149,000 on Mar 01 ’24. The insider now owns 69,950 shares after completing the transaction at $7.45 per share. On Feb 29 ’24, another insider, Boyd Graham Richard Thomas, who serves as the Senior VP, Exploration of the company, bought 4,000 shares for $7.44 each. As a result, the insider paid 29,760 and bolstered with 6,510 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 1284878848 and an Enterprise Value of 1165045504. For the stock, the TTM Price-to-Sale (P/S) ratio is 329.46 while its Price-to-Book (P/B) ratio in mrq is 3.43. Its current Enterprise Value per Revenue stands at 298.5 whereas that against EBITDA is -6.554.
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 17.88%, while the 200-Day Moving Average is calculated to be -4.92%.
Shares Statistics:
Over the past 3-months, IE traded about 489.57K shares per day on average, while over the past 10 days, IE traded about 535730 shares per day. A total of 120.03M shares are outstanding, with a floating share count of 70.69M. Insiders hold about 41.24% of the company’s shares, while institutions hold 51.25% stake in the company. Shares short for IE as of 1713139200 were 4237708 with a Short Ratio of 8.66, compared to 1710460800 on 3357794. Therefore, it implies a Short% of Shares Outstanding of 4237708 and a Short% of Float of 4.4499997.
