Ivanhoe Electric Inc. (AMEX: IE) on May 19, 2023, started off the session at the price of $13.94, plunging -8.30% from the previous trading day. During the day, the shares moved up to $13.94 and dropped to $12.41 before settling in for the closing price of $13.61. Within the past 52 weeks, IE’s price has moved between $7.01 and $16.55.
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The company achieved an average annual earnings per share of -198.70%. With a float of $65.29 million, this company’s outstanding shares have now reached $92.96 million.
Let’s determine the extent of company efficiency that accounts for 244 employees. In terms of profitability, gross margin is -1249.59, operating margin of -1565.94, and the pretax margin is -1891.03.
Ivanhoe Electric Inc. (IE) Insider Activity
Observing investor behavior towards Copper industry stocks is more important than anything else. The insider ownership of Ivanhoe Electric Inc. is 21.40%, while institutional ownership is 35.80%. The most recent insider transaction that took place on Mar 24, was worth 54,058. In this transaction Chief Operating Officer of this company sold 5,000 shares at a rate of $10.81, taking the stock ownership to the 334,761 shares. Before that another transaction happened on Mar 22, when Company’s Chief Operating Officer sold 5,000 for $11.51, making the entire transaction worth $57,538. This insider now owns 339,761 shares in total.
Ivanhoe Electric Inc. (IE) Earnings and Forecasts
As on 9/29/2022, Multinational firm has announced its last quarter scores, in which it reported -$0.43 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.23) by -$0.2. This company achieved a net margin of -1775.04 while generating a return on equity of -131.24. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.24 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -198.70% per share during the next fiscal year.
Ivanhoe Electric Inc. (AMEX: IE) Trading Performance Indicators
Ivanhoe Electric Inc. (IE) is currently performing well based on its current performance indicators. A quick ratio of 6.50 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 527.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.10 and is forecasted to reach -0.78 in one year’s time.
Technical Analysis of Ivanhoe Electric Inc. (IE)
Looking closely at Ivanhoe Electric Inc. (AMEX: IE), its last 5-days average volume was 0.85 million, which is a jump from its year-to-date volume of 0.4 million. As of the previous 9 days, the stock’s Stochastic %D was 50.38%. Additionally, its Average True Range was 0.86.
During the past 100 days, Ivanhoe Electric Inc.’s (IE) raw stochastic average was set at 31.94%, which indicates a significant increase from 28.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 79.52% in the past 14 days, which was higher than the 62.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.97, while its 200-day Moving Average is $11.45. However, in the short run, Ivanhoe Electric Inc.’s stock first resistance to watch stands at $13.48. Second resistance stands at $14.47. The third major resistance level sits at $15.01. If the price goes on to break the first support level at $11.95, it is likely to go to the next support level at $11.41. Should the price break the second support level, the third support level stands at $10.42.
Ivanhoe Electric Inc. (AMEX: IE) Key Stats
Market capitalization of the company is 1.27 billion based on 92,972K outstanding shares. Right now, sales total 8,440 K and income totals -149,810 K. The company made 2,380 K in profit during its latest quarter, and -70,510 K in sales during its previous quarter.
