The trading price of i-80 Gold Corp (AMEX:IAUX) closed lower on Friday, November 15, and closing at $0.35, -10.57% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.3395 and $0.4049. In examining the 52-week price action we see that the stock hit a 52-week high of $1.88 and a 52-week low of $0.34. Over the past month, the stock has lost -68.74% in value.
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i-80 Gold Corp, whose market valuation is $168.67 million at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable.
Analysts have forecast the company to bring in revenue of 37.7M for the current quarter, with the likely lows of 37.7M and highs of 37.7M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 144.6M.
On the technical side, indicators suggest IAUX has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned IAUX a recommendation rating is 2. Out of them, 0 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged i-80 Gold Corp (IAUX) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that IAUX’s price is currently -63.55% off the SMA20 and -66.57% off the SMA50. The RSI metric on the 14-day chart is currently showing 11.01, and weekly volatility stands at 22.73%. When measured over the past 30 days, the indicator reaches 9.75%. i-80 Gold Corp (AMEX:IAUX)’s beta value is currently sitting at 1.00, while the Average True Range indicator is currently displaying 0.09.
To see how i-80 Gold Corp stock has been performing in comparison to its peers in the industry, here are the numbers: IAUX stock’s performance was -10.57% in the latest trading, and -73.68% in the past year.
An evaluation of the daily trading volume of i-80 Gold Corp (AMEX:IAUX) indicates that the 3-month average is 6.52 million. However, this figure has increased over the past 10 days to an average of 22.07.
Currently, records show that 384.94 million of the company’s shares remain outstanding. The insiders hold 7.51% of outstanding shares, whereas institutions hold 43.31%. The stats also highlight that short interest as of 2024-10-31, stood at 30.15 million shares, resulting in a short ratio of 7.04 at that time. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 28.76 million. However, since the stock’s price has seen -80.11% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
