Endeavour Silver Corp. (NYSE: EXK)’s Share Price Dropped -0.54%, What’s Next? Heres Is A Hint: Don’t Panic

Endeavour Silver Corp. (NYSE:EXK) shares, rose in value on Thursday, April 04, with the stock price down by -0.54% to the previous day’s close as strong demand from buyers drove the stock to $2.78.

Actively observing the price movement in the recent trading, the stock is buoying the session at $2.79. The value of beta (5-year monthly) is 1.60 whereas the PE ratio is 90.39 over 12-month period. Referring to stock’s 52-week performance, its high was $4.55, and the low was $1.42. On the whole, EXK has fluctuated by 61.34% over the past month.

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With the market capitalization of Endeavour Silver Corp. currently standing at about $554.14 million, investors are eagerly awaiting this quarter’s results, scheduled for May 08, 2024 – May 13, 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 $0.03, which is expected to increase to $0.06 for fiscal year $0.16 and then to about $0.31 by fiscal year 2025. Data indicates that the EPS growth is expected to be 433.30% in 2025, while the next year’s EPS growth is forecast to be 93.80%.

Analysts have estimated the company’s revenue for the quarter at $54.89 million, with a low estimate of $54.89 million and a high estimate of $54.89 million. According to the average forecast, sales growth in current quarter could jump down -1.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $227.89 million, representing an increase of 10.90% 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 EXK’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 EXK currently trading nearly 26.08% and 52.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 78.86, while the 7-day volatility ratio is showing 7.20% which for the 30-day chart, stands at 7.28%. Furthermore, Endeavour Silver Corp. (EXK)’s beta value is 1.70, and its average true range (ATR) is 0.15.

A comparison of Endeavour Silver Corp. (EXK) with its peers suggests the former has fared considerably weaker in the market. EXK showed an intraday change of -0.54% in today’s session so far, and over the past year, it shrunk by -29.92%%.

Data on historical trading for Endeavour Silver Corp. (NYSE:EXK) indicates that the trading volumes over the past 10 days have averaged 6.44 million and over the past 3 months, they’ve averaged 4.54 million. According to company’s latest data on outstanding shares, there are 217.25 million shares outstanding.

Nearly 0.51% of Endeavour Silver Corp.’s shares belong to company insiders and institutional investors own 26.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.06 million shares as on Mar 15, 2024, resulting in a short ratio of 1.92. According to the data, the short interest in Endeavour Silver Corp. (EXK) stood at 4.32% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 10.02 million. The stock has risen by 40.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EXK stock heading into the next quarter.