Hycroft Mining Holding Corporation (NASDAQ:HYMC) shares, rose in value, with the stock price up by 8.90% to the previous day’s close as strong demand from buyers drove the stock to $3.67.
Actively observing the price movement in the last trading, the stock closed the session at $3.37. The value of beta (5-year monthly) was 2.16. Referring to stock’s 52-week performance, its high was $5.78, and the low was $1.63. On the whole, HYMC has fluctuated by 85.35% over the past month.
With the market capitalization of Hycroft Mining Holding Corporation currently standing at about $77.11 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 29, 2024 – May 03, 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 -$0.6, which is expected to increase to -$0.6 for fiscal year -$2.15 and then to about -$0.47 by fiscal year 2025. Data indicates that the EPS growth is expected to be 17.60% in 2025, while the next year’s EPS growth is forecast to be 78.10%.
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 HYMC’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HYMC currently trading nearly 56.44% and 71.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 84.36, while the 7-day volatility ratio is showing 17.54% which for the 30-day chart, stands at 9.52%. Furthermore, Hycroft Mining Holding Corporation (HYMC)’s beta value is 2.12, and its average true range (ATR) is 0.25.
A comparison of Hycroft Mining Holding Corporation (HYMC) with its peers suggests the former has fared considerably weaker in the market. HYMC showed an intraday change of 8.90% in last session, and over the past year, it shrunk by -15.12%%.
Data on historical trading for Hycroft Mining Holding Corporation (NASDAQ:HYMC) indicates that the trading volumes over the past 10 days have averaged 0.8 million and over the past 3 months, they’ve averaged 203.53K. According to company’s latest data on outstanding shares, there are 20.74 million shares outstanding.
Nearly 22.21% of Hycroft Mining Holding Corporation’s shares belong to company insiders and institutional investors own 7.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.95 million shares as on Mar 15, 2024, resulting in a short ratio of 6.44. According to the data, the short interest in Hycroft Mining Holding Corporation (HYMC) stood at 4.51% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 1.17 million. The stock has risen by 49.80% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HYMC stock heading into the next quarter.
