Endeavour Silver Corp. (EXK): A Fresh Data-Based Analysis

Endeavour Silver Corp. (NYSE:EXK) price on Wednesday, July 10, rose 16.33% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.63.

A look at the stock’s price movement, the close in the last trading session was $3.98. Turning to its 52-week performance, $4.20 and $1.42 were the 52-week high and 52-week low respectively. Overall, EXK moved 27.20% over the past month.

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Endeavour Silver Corp.’s market cap currently stands at around $1.11 billion.

Analysts have a consensus estimate of 59.11M for the company’s revenue for the quarter, with a low and high estimate of 57.22M and 61M respectively. The average forecast suggests up to a 18.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 263M, representing a 28.00% jump on that reported in the last financial year.

Turning to the stock’s technical picture we see that short term indicators suggest on average that EXK is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

EXK’s current price about 25.82% and 31.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 72.89, while 7-day volatility ratio is 7.50% and 5.22% in the 30-day chart. Further, Endeavour Silver Corp. (EXK) has a beta value of 1.70, and an average true range (ATR) of 0.23.

If we refocus on Endeavour Silver Corp. (NYSE:EXK), historical trading data shows that trading volumes averaged 6.12 million over the past 3 months. The company’s latest data on shares outstanding shows there are 240.34 million shares.

The 0.35% of Endeavour Silver Corp.’s shares are in the hands of company insiders while institutional holders own 32.03% of the company’s shares. Current price change has pushed the stock 135.03% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EXK stock continues to rise going into the next quarter.

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