Endeavour Silver Corp. (NYSE: EXK) Has Great Upside Potential

Endeavour Silver Corp. (NYSE:EXK) shares, rose in value, with the stock price up by 3.33% to the previous day’s close as strong demand from buyers drove the stock to $2.79.

Actively observing the price movement in the last trading, the stock closed the session at $2.70. The value of beta (5-year monthly) was 1.79 whereas the PE ratio was 90.88 over 12-month period. Referring to stock’s 52-week performance, its high was $4.36, and the low was $1.42. On the whole, EXK has fluctuated by 30.99% over the past month.

With the market capitalization of Endeavour Silver Corp. currently standing at about $670.55 million, investors are eagerly awaiting this quarter’s results, scheduled for May 09, 2024.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EXK’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy 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 4.81% and 29.47% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.79, while the 7-day volatility ratio is showing 6.42% which for the 30-day chart, stands at 7.50%. Furthermore, Endeavour Silver Corp. (EXK)’s beta value is 1.68, and its average true range (ATR) is 0.18.

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 3.33% in last session, and over the past year, it shrunk by -30.94%%.

Data on historical trading for Endeavour Silver Corp. (NYSE:EXK) indicates that the trading volumes over the past 3 months, they’ve averaged 5.60 million. According to company’s latest data on outstanding shares, there are 240.34 million shares outstanding.

Nearly 0.45% of Endeavour Silver Corp.’s shares belong to company insiders and institutional investors own 21.92% of the company’s shares. The stock has risen by 41.62% 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.

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