i-80 Gold Corp (AMEX: IAUX) Stock: Up 10.87% From Low, Just Wait

The trading price of i-80 Gold Corp (AMEX:IAUX) floating higher at last check on Tuesday, April 02, closing at $1.38, 2.21% higher than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $2.71 and a 52-week low of $1.23. Over the past month, the stock has gained 2.21% in value.

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i-80 Gold Corp, whose market valuation is $432.17 million at the time of this writing, is expected to release its quarterly earnings report May 06, 2024 – May 10, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of i-80 Gold Corp No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest IAUX has a 100% Sell 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% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

A quick review shows that IAUX’s price is currently -3.37% off the SMA20 and -3.38% off the SMA50. The RSI metric on the 14-day chart is currently showing 49.14, and weekly volatility stands at 8.18%. When measured over the past 30 days, the indicator reaches 6.86%. i-80 Gold Corp (AMEX:IAUX)’s beta value is currently sitting at 1.24, while the Average True Range indicator is currently displaying 0.09.

To see how i-80 Gold Corp stock has been performing today in comparison to its peers in the industry, here are the numbers: IAUX stock’s performance was 2.21% at last check in today’s session, and -44.36% in the past year.

An evaluation of the daily trading volume of i-80 Gold Corp (AMEX:IAUX) indicates that the 3-month average is 2.52 million. However, this figure has increased over the past 10 days to an average of 3.87 million.

Currently, records show that 298.50 million of the company’s shares remain outstanding. The insiders hold 27.12% of outstanding shares, whereas institutions hold 41.95%. The stats also highlight that short interest as of Mar 15, 2024, stood at 17.82 million shares, resulting in a short ratio of 8.48 at that time. From this, we can conclude that short interest is 5.79% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 18.17 million. However, since the stock’s price has seen -21.60% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.