The trading price of U.S. Gold Corp (NASDAQ:USAU) closed higher on Friday, May 23, and closing at $10.78, 3.26% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $12.00 and a 52-week low of $4.71. Over the past month, the stock has gained 8.45% in value.
U.S. Gold Corp, whose market valuation is $136.83 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.15 per share this quarter, however they have predicted annual earnings per share of -1.29 for current year and -0.79 for next year.
On the technical side, indicators suggest USAU has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that USAU’s price is currently 2.39% off the SMA20 and 8.01% off the SMA50. The RSI metric on the 14-day chart is currently showing 54.83, and weekly volatility stands at 2.58%. When measured over the past 30 days, the indicator reaches 5.70%. U.S. Gold Corp (NASDAQ:USAU)’s beta value is currently sitting at 1.30, while the Average True Range indicator is currently displaying 0.69. With analysts defining $5.5-$5.5 as the low and high price targets, we arrive at a consensus price target of $5.5 for the trailing 12-month period. The current price is about 48.98% off the estimated low and 48.98% off the forecast high, based on this estimate. Investors will be thrilled if USAU’s share price rises to $5.5, which is the median consensus price. At that level, USAU’s share price would be 48.98% above current price.
To see how U.S. Gold Corp stock has been performing in comparison to its peers in the industry, here are the numbers: USAU stock’s performance was 3.26% in the latest trading, and 68.44% in the past year.
An evaluation of the daily trading volume of U.S. Gold Corp (NASDAQ:USAU) indicates that the 3-month average is 339.73K.
Currently, records show that 12.35 million of the company’s shares remain outstanding. The insiders hold 14.05% of outstanding shares, whereas institutions hold 17.43%. However, since the stock’s price has seen 75.86% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
