i-80 Gold Corp (AMEX:IAUX) price on Thursday, June 12, rose 0.53% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.66.
A look at the stock’s price movement, the close in the last trading session was $0.66. Turning to its 52-week performance, $1.26 and $0.34 were the 52-week high and 52-week low respectively. Overall, IAUX moved 31.32% over the past month.
i-80 Gold Corp’s market cap currently stands at around $521.74 million, with investors looking forward to this quarter’s earnings report slated for in July.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 85.93M, representing a 70.72% jump 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 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold 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 17.78% and 15.62% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.22, while 7-day volatility ratio is 5.08% and 4.08% in the 30-day chart. Further, i-80 Gold Corp (IAUX) has a beta value of 1.02, and an average true range (ATR) of 0.04.
If we refocus on i-80 Gold Corp (AMEX:IAUX), historical trading data shows that trading volumes averaged 7.17 million over the past 3 months. The company’s latest data on shares outstanding shows there are 788.12 million shares.
The 11.55% of i-80 Gold Corp’s shares are in the hands of company insiders while institutional holders own 16.01% of the company’s shares. Current price change has pushed the stock 36.49% 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.
