Golden Minerals Co (AMEX:AUMN) shares, rose in value, with the stock price up by 0.99% to the previous day’s close as strong demand from buyers drove the stock to $0.58.
Actively observing the price movement in the last trading, the stock closed the session at $0.58. The value of beta (5-year monthly) was 0.41. Referring to stock’s 52-week performance, its high was $7.00, and the low was $0.26. On the whole, AUMN has fluctuated by 50.86% over the past month.
With the market capitalization of Golden Minerals Co currently standing at about $8.48 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, which is expected to increase to $0 for fiscal year -$0.96 and then to about -$0.41 by fiscal year 2024. Data indicates that the EPS growth is expected to be 36.00% in 2024, while the next year’s EPS growth is forecast to be 57.30%.
Analysts have estimated the company’s revenue for the quarter at $2.51 million, with a low estimate of $810k and a high estimate of $810k. According to the average forecast, sales growth in current quarter could jump down -53.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $12 million, representing a decrease of -48.50% 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 AUMN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell 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% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AUMN currently trading nearly 62.21% and 39.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.98, while the 7-day volatility ratio is showing 27.31% which for the 30-day chart, stands at 14.20%. Furthermore, Golden Minerals Co (AUMN)’s beta value is 0.37, and its average true range (ATR) is 0.06.
A comparison of Golden Minerals Co (AUMN) with its peers suggests the former has fared considerably weaker in the market. AUMN showed an intraday change of 0.99% in last session, and over the past year, it shrunk by -88.81%%.
Data on historical trading for Golden Minerals Co (AMEX:AUMN) indicates that the trading volumes over the past 10 days have averaged 0.62 million and over the past 3 months, they’ve averaged 256.21K. According to company’s latest data on outstanding shares, there are 14.08 million shares outstanding.
Nearly 13.90% of Golden Minerals Co’s shares belong to company insiders and institutional investors own 3.05% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.14 million shares as on Mar 15, 2024, resulting in a short ratio of 0.53. According to the data, the short interest in Golden Minerals Co (AUMN) stood at 1.02% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.18 million. The stock has risen by 11.89% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AUMN stock heading into the next quarter.
