i-80 Gold Corp (AMEX:IAUX) price on Tuesday, December 24, fall -0.61% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.51.
A look at the stock’s price movement, the close in the last trading session was $0.51, moving within a range at $0.4988 and $0.5105. The beta value (5-Year monthly) was 1.791. Turning to its 52-week performance, $1.88 and $0.34 were the 52-week high and 52-week low respectively. Overall, IAUX moved -21.58% over the past month.
i-80 Gold Corp’s market cap currently stands at around $205.39 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 37.7M for the company’s revenue for the quarter, with a low and high estimate of 37.7M and 37.7M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 44M, representing a -19.87% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IAUX is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend IAUX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
IAUX’s current price about -10.57% and -34.34% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.93, while 7-day volatility ratio is 6.69% and 8.74% in the 30-day chart. Further, i-80 Gold Corp (IAUX) has a beta value of 1.04, and an average true range (ATR) of 0.05.
If we refocus on i-80 Gold Corp (AMEX:IAUX), historical trading data shows that trading volumes averaged 6.02 over the past 10 days and 9.47 million over the past 3 months. The company’s latest data on shares outstanding shows there are 396.43 million shares.
The 15.51% of i-80 Gold Corp’s shares are in the hands of company insiders while institutional holders own 41.01% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 34.74 million on 2024-11-29, giving us a short ratio of 2.06. Current price change has pushed the stock -71.17% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IAUX stock continues to rise going into the next quarter.
