Gatos Silver Inc (NYSE:GATO) shares, rose in value, with the stock price up by 2.24% to the previous day’s close as strong demand from buyers drove the stock to $15.09.
Actively observing the price movement in the last trading, the stock closed the session at $14.76, falling within a range of $15.01 and $15.46. The value of beta (5-year monthly) was 2.098 whereas the PE ratio was 38.66 over 12-month period. Referring to stock’s 52-week performance, its high was $15.95, and the low was $4.39. On the whole, GATO has fluctuated by 15.99% over the past month.
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With the market capitalization of Gatos Silver Inc currently standing at about $1.05 billion, investors are eagerly awaiting this quarter’s results, scheduled for in October.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GATO’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 price of GATO currently trading nearly 15.95% and 19.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.87, while the 7-day volatility ratio is showing 4.87% which for the 30-day chart, stands at 5.56%. Furthermore, Gatos Silver Inc (GATO)’s beta value is 2.07, and its average true range (ATR) is 0.81.
A comparison of Gatos Silver Inc (GATO) with its peers suggests the former has fared considerably weaker in the market. GATO showed an intraday change of 2.24% in last session, and over the past year, it grew by 172.38%%.
Data on historical trading for Gatos Silver Inc (NYSE:GATO) indicates that the trading volumes over the past 10 days have averaged 1.45 and over the past 3 months, they’ve averaged 655.60K. According to company’s latest data on outstanding shares, there are 69.16 million shares outstanding.
Nearly 32.91% of Gatos Silver Inc’s shares belong to company insiders and institutional investors own 53.58% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.1 million shares as on 2024-08-30, resulting in a short ratio of 2.88. According to the data, the short interest in Gatos Silver Inc (GATO) stood at 215.00 of shares outstanding as of 2024-08-30; the number of short shares registered in 2024-07-31 reached 1.27 million. The stock has risen by 130.73% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GATO stock heading into the next quarter.
