Gatos Silver Inc (NYSE:GATO) shares, rose in value, with the stock price down by -1.02% to the previous day’s close as strong demand from buyers drove the stock to $16.43.
Actively observing the price movement in the last trading, the stock closed the session at $16.60, falling within a range of $16.43 and $16.95. The value of beta (5-year monthly) was 2.107 whereas the PE ratio was 42.10 over 12-month period. Referring to stock’s 52-week performance, its high was $16.88, and the low was $4.39. On the whole, GATO has fluctuated by 12.69% over the past month.
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With the market capitalization of Gatos Silver Inc currently standing at about $1.14 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-04.
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 4.58% and 21.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.05, while the 7-day volatility ratio is showing 3.99% which for the 30-day chart, stands at 4.35%. Furthermore, Gatos Silver Inc (GATO)’s beta value is 2.10, and its average true range (ATR) is 0.73.
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 -1.02% in last session, and over the past year, it grew by 235.31%%.
Data on historical trading for Gatos Silver Inc (NYSE:GATO) indicates that the trading volumes over the past 10 days have averaged 1.11 and over the past 3 months, they’ve averaged 785.60K. 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 53.59% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.49 million shares as on 2024-09-30, resulting in a short ratio of 1.13. According to the data, the short interest in Gatos Silver Inc (GATO) stood at 292.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 1.1 million. The stock has risen by 151.22% 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.
