A Bullish 2024 Outlook For Endeavour Silver Corp. (NYSE: EXK) Shares

Endeavour Silver Corp. (NYSE:EXK) shares, rose in value, with the stock price down by -3.58% to the previous day’s close as strong demand from buyers drove the stock to $4.58.

Actively observing the price movement in the last trading, the stock closed the session at $4.75. Referring to stock’s 52-week performance, its high was $5.02, and the low was $1.42. On the whole, EXK has fluctuated by 25.48% over the past month.

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Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EXK’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of EXK currently trading nearly 13.48% and 21.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.84, while the 7-day volatility ratio is showing 5.82% which for the 30-day chart, stands at 5.53%. Furthermore, Endeavour Silver Corp. (EXK)’s beta value is 1.72, and its average true range (ATR) is 0.25.

A comparison of Endeavour Silver Corp. (EXK) with its peers suggests the former has fared considerably weaker in the market. EXK showed an intraday change of -3.58% in last session, and over the past year, it grew by 19.27%%.

Data on historical trading for Endeavour Silver Corp. (NYSE:EXK) indicates that the trading volumes over the past 3 months, they’ve averaged 5.90 million. According to company’s latest data on outstanding shares, there are 240.34 million shares outstanding.

Nearly 0.34% of Endeavour Silver Corp.’s shares belong to company insiders and institutional investors own 32.02% of the company’s shares. The stock has risen by 132.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EXK stock heading into the next quarter.

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