SSR Mining Inc (NASDAQ:SSRM) shares, rose in value, with the stock price up by 1.96% to the previous day’s close as strong demand from buyers drove the stock to $5.47.
Actively observing the price movement in the last trading, the stock closed the session at $5.36. Referring to stock’s 52-week performance, its high was $17.72, and the low was $3.76. On the whole, SSRM has fluctuated by 36.75% over the past month.
The company’s Forward Dividend Ratio is 0.21, with its dividend yield at 3.84%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 795.91M, with a low estimate of 330.32M and a high estimate of 330.32M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 330.32M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SSRM’s technical picture suggests that short-term indicators denote the stock is a Hold 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 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SSRM currently trading nearly 10.59% and 16.79% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.41, while the 7-day volatility ratio is showing 5.33% which for the 30-day chart, stands at 5.39%. Furthermore, SSR Mining Inc (SSRM)’s beta value is 0.77, and its average true range (ATR) is 0.27.
A comparison of SSR Mining Inc (SSRM) with its peers suggests the former has fared considerably weaker in the market. SSRM showed an intraday change of 1.96% in last session, and over the past year, it shrunk by -63.34%%.
Data on historical trading for SSR Mining Inc (NASDAQ:SSRM) indicates that the trading volumes over the past 3 months, they’ve averaged 5.42 million. According to company’s latest data on outstanding shares, there are 202.95 million shares outstanding.
Nearly 1.18% of SSR Mining Inc’s shares belong to company insiders and institutional investors own 70.66% of the company’s shares. The stock has fallen by -49.16% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SSRM stock heading into the next quarter.
