Fortuna Mining Corp (NYSE:FSM) shares, rose in value on Wednesday, March 26, with the stock price down by -0.16% to the previous day’s close as strong demand from buyers drove the stock to $6.10.
Actively observing the price movement in the last trading, the stock closed the session at $6.11, falling within a range of $6.02 and $6.25. The value of beta (5-year monthly) was 1.562 whereas the PE ratio was 15.10 over 12-month period. Referring to stock’s 52-week performance, its high was $6.36, and the low was $3.46. On the whole, FSM has fluctuated by 39.59% over the past month.
With the market capitalization of Fortuna Mining Corp currently standing at about $1.87 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-04.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.05B, with a low estimate of 267M and a high estimate of 267M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 267M.
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% 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 PEG ratio is about 2.44, with the price of FSM currently trading nearly 15.93% and 22.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 69.67, while the 7-day volatility ratio is showing 5.11% which for the 30-day chart, stands at 5.77%. Furthermore, Fortuna Mining Corp (FSM)’s beta value is 1.32, and its average true range (ATR) is 0.30.
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 -0.16% in last session, and over the past year, it grew by 79.94%%.
Data on historical trading for Fortuna Mining Corp (NYSE:FSM) indicates that the trading volumes over the past 10 days have averaged 15.41 and over the past 3 months, they’ve averaged 14.25 million. According to company’s latest data on outstanding shares, there are 306.93 million shares outstanding.
Nearly 1.28% of Fortuna Mining Corp’s shares belong to company insiders and institutional investors own 59.23% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.22 million shares as on 2025-03-14, resulting in a short ratio of 1.02. The stock has risen by 42.19% 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.
