Galiano Gold Inc (AMEX:GAU) shares, rose in value, with the stock price up by 1.33% to the previous day’s close as strong demand from buyers drove the stock to $1.52.
Actively observing the price movement in the last trading, the stock closed the session at $1.50. The value of beta (5-year monthly) was 0.96 whereas the PE ratio was 13.13 over 12-month period. Referring to stock’s 52-week performance, its high was $1.53, and the low was $0.52. On the whole, GAU has fluctuated by 33.33% over the past month.
With the market capitalization of Galiano Gold Inc currently standing at about $385.32 million, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2024 – May 06, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.01, which is expected to increase to $0.05 for fiscal year $0.29 and then to about $0.52 by fiscal year 2025. Data indicates that the EPS growth is expected to be 141.70% in 2025, while the next year’s EPS growth is forecast to be 79.30%.
Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $331.65 million, representing an increase of 29.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GAU’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 0, with the price of GAU currently trading nearly 24.08% and 45.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.88, while the 7-day volatility ratio is showing 10.18% which for the 30-day chart, stands at 8.18%. Furthermore, Galiano Gold Inc (GAU)’s beta value is 1.12, and its average true range (ATR) is 0.10.
A comparison of Galiano Gold Inc (GAU) with its peers suggests the former has fared considerably weaker in the market. GAU showed an intraday change of 1.33% in last session, and over the past year, it grew by 160.59%%.
Data on historical trading for Galiano Gold Inc (AMEX:GAU) indicates that the trading volumes over the past 10 days have averaged 1.36 million and over the past 3 months, they’ve averaged 543.77K. According to company’s latest data on outstanding shares, there are 224.97 million shares outstanding.
Nearly 27.47% of Galiano Gold Inc’s shares belong to company insiders and institutional investors own 47.42% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.32 million shares as on Mar 15, 2024, resulting in a short ratio of 0.56. According to the data, the short interest in Galiano Gold Inc (GAU) stood at 0.13% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.36 million. The stock has risen by 61.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GAU stock heading into the next quarter.
