The trading price of Platinum Group Metals Ltd. (NYSE:PLG) closed higher on Tuesday, Jan 12, closing at $4.87, 1.64% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $4.7800 and $5.0000. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 2.26. In examining the 52-week price action we see that the stock hit a 52-week high of $6.27 and a 52-week low of $0.86. Over the past month, the stock has suffered -4.26% in value.
On the technical side, indicators suggest PLG has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that PLG’s price is currently -2.03% off the SMA20 and 42.27% off the SMA50. The RSI metric on the 14-day chart is currently showing 55.59, and weekly volatility stands at 9.13%. When measured over the past 30 days, the indicator reaches 10.91%. Platinum Group Metals Ltd. (NYSE:PLG)’s beta value is currently sitting at 2.26, while the Average True Range indicator is currently displaying 0.57. With analysts defining $1.56-$5.44 as the low and high price targets, we arrive at a consensus price target of $3.5 for the trailing 12-month period. The current price is about -68.48% off the estimated low and 9.9% off the forecast high, based on this estimate. Investors will be thrilled if PLG’s share price rises to $3.5, which is the median consensus price. At that level, PLG’s share price would be -29.29% above current price.
To see how Platinum Group Metals Ltd. stock has been performing in comparison to its peers in the industry, here are the numbers: PLG stock’s performance was +1.64% in the latest trading, and +176.54% in the past year, while Bhp Billiton Ltd (BHP) has traded +0.94% on the day and positioned +31.42% higher than it was a year ago. Another comparable company Rio Tinto Plc (RIO) saw its stock close 0.29% higher in the most recent trading session but was up +42.09% in a year. Furthermore, Bhp Billiton Plc (BBL) showed an increase of 1.64% on the day while its price kept rising at 176.54% over the past year. Platinum Group Metals Ltd. has a P/E ratio of 0, compared to Bhp Billiton Ltd’s 22.92 and Rio Tinto Plc’s 19.07. Also in last trading session, the S&P 500 Index has surged 0.04%, while the Dow Jones Industrial also saw a positive session, up +0.19% on the day.
An evaluation of the daily trading volume of Platinum Group Metals Ltd. (NYSE:PLG) indicates that the 3-month average is 2.21 Million. However, this figure has increased over the past 10 days to an average of 2.53 Million.
Currently, records show that 71.85 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 31.59% of outstanding shares, whereas institutions hold 34.6%. The stats also highlight that short interest as of December 14, 2020, stood at 690.47 Million shares, resulting in a short ratio of 0.15 at that time. From this, we can conclude that short interest is 0.97% of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 388.09 Million. However, since the stock’s price has seen +6.68% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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