Fortuna Mining Corp. (NYSE:FSM) shares, rose in value, with the stock price down by -0.86% to the previous day’s close as strong demand from buyers drove the stock to $4.59.
Actively observing the price movement in the last trading, the stock closed the session at $4.63, falling within a range of $4.52 and $4.64. The value of beta (5-year monthly) was 1.619 whereas the PE ratio was 850.00 over 12-month period. Referring to stock’s 52-week performance, its high was $6.36, and the low was $2.58. On the whole, FSM has fluctuated by -0.65% over the past month.
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With the market capitalization of Fortuna Mining Corp. currently standing at about $1.44 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-06.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FSM’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of FSM currently trading nearly 0.99% and -4.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.74, while the 7-day volatility ratio is showing 2.72% which for the 30-day chart, stands at 4.40%. Furthermore, Fortuna Mining Corp. (FSM)’s beta value is 1.59, and its average true range (ATR) is 0.19.
A comparison of Fortuna Mining Corp. (FSM) with its peers suggests the former has fared considerably weaker in the market. FSM showed an intraday change of -0.86% in last session, and over the past year, it grew by 46.18%%.
Data on historical trading for Fortuna Mining Corp. (NYSE:FSM) indicates that the trading volumes over the past 10 days have averaged 5.09 and over the past 3 months, they’ve averaged 6.00 million. According to company’s latest data on outstanding shares, there are 313.33 million shares outstanding.
Nearly 1.23% of Fortuna Mining Corp.’s shares belong to company insiders and institutional investors own 50.77% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.07 million shares as on 2024-08-15, resulting in a short ratio of 2.4. The stock has risen by 18.91% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FSM stock heading into the next quarter.
