Gold Resource Corp (AMEX:GORO) shares, rose in value, with the stock price up by 26.98% to the previous day’s close as strong demand from buyers drove the stock to $0.65.
Actively observing the price movement in the last trading, the stock closed the session at $0.51. The value of beta (5-year monthly) was 1.53. Referring to stock’s 52-week performance, its high was $1.19, and the low was $0.22. On the whole, GORO has fluctuated by 146.36% over the past month.
With the market capitalization of Gold Resource Corp currently standing at about $57.69 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 23, 2024 – Apr 29, 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 -$0.05, which is expected to increase to -$0.05 for fiscal year -$0.12 and then to about -$0.1 by fiscal year 2025. Data indicates that the EPS growth is expected to be 33.30% in 2025, while the next year’s EPS growth is forecast to be 16.70%.
Analysts have estimated the company’s revenue for the quarter at $15.95 million, with a low estimate of $15.95 million and a high estimate of $15.95 million. According to the average forecast, sales growth in current quarter could jump down -48.90%, 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 $85.99 million, representing a decrease of -12.00% 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 GORO’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 GORO currently trading nearly 72.33% and 111.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 80.96, while the 7-day volatility ratio is showing 16.72% which for the 30-day chart, stands at 13.72%. Furthermore, Gold Resource Corp (GORO)’s beta value is 1.62, and its average true range (ATR) is 0.05.
A comparison of Gold Resource Corp (GORO) with its peers suggests the former has fared considerably weaker in the market. GORO showed an intraday change of 26.98% in last session, and over the past year, it shrunk by -38.10%%.
Data on historical trading for Gold Resource Corp (AMEX:GORO) indicates that the trading volumes over the past 10 days have averaged 1.21 million and over the past 3 months, they’ve averaged 650.16K. According to company’s latest data on outstanding shares, there are 88.69 million shares outstanding.
Nearly 0.67% of Gold Resource Corp’s shares belong to company insiders and institutional investors own 19.68% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.11 million shares as on Mar 15, 2024, resulting in a short ratio of 0.16. According to the data, the short interest in Gold Resource Corp (GORO) stood at 0.12% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.24 million. The stock has risen by 72.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GORO stock heading into the next quarter.
