Fortuna Mining Corp (NYSE:FSM) shares, rose in value on Friday, January 03, with the stock price up by 0.66% to the previous day’s close as strong demand from buyers drove the stock to $4.61.
Actively observing the price movement in the recent trading, the stock is buoying the session at $4.58, falling within a range of $4.525 and $4.62. The value of beta (5-year monthly) is 1.632 whereas the PE ratio is 63.32 over 12-month period. Referring to stock’s 52-week performance, its high was $6.36, and the low was $2.63. On the whole, FSM has fluctuated by -7.24% over the past month.
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 in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.06B, with a low estimate of 308M and a high estimate of 308M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 308M.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about N/A, with the price of FSM currently trading nearly 0.53% and -3.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.00, while the 7-day volatility ratio is showing 3.75% which for the 30-day chart, stands at 4.08%. Furthermore, Fortuna Mining Corp (FSM)’s beta value is 1.54, 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 0.66% in today’s session so far, and over the past year, it grew by 27.35%%.
Data on historical trading for Fortuna Mining Corp (NYSE:FSM) indicates that the trading volumes over the past 10 days have averaged 9.21 and over the past 3 months, they’ve averaged 8.08 million. According to company’s latest data on outstanding shares, there are 313.33 million shares outstanding.
Nearly 1.20% of Fortuna Mining Corp’s shares belong to company insiders and institutional investors own 57.93% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.82 million shares as on 2024-12-13, resulting in a short ratio of 1.58. The stock has risen by 7.46% 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.
