A new trading day began on Tuesday, with Ivanhoe Electric Inc (AMEX: IE) stock price down -1.76% from the previous day of trading ,before settling in for the closing price of $10.79. IE’s price has ranged from $7.29 to $16.75 over the past 52 weeks.
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Annual sales at Basic Materials sector company grew by 12.89% over the past five years. Meanwhile, its annual earnings per share averaged 63.16%. With a float of $70.69 million, this company’s outstanding shares have now reached $120.03 million.
Let’s look at the performance matrix of the company that is accounted for 244 employees.
Ivanhoe Electric Inc (IE) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Copper Industry. The insider ownership of Ivanhoe Electric Inc is 41.24%, while institutional ownership is 51.29%. The most recent insider transaction that took place on Mar 06 ’24, was worth 11,045. In this transaction SVP, Mine Development of this company bought 1,342 shares at a rate of $8.23, taking the stock ownership to the 3,042 shares. Before that another transaction happened on Mar 01 ’24, when Company’s insider bought 20,000 for $7.45, making the entire transaction worth $149,000. This insider now owns 69,950 shares in total.
Ivanhoe Electric Inc (IE) Latest Financial update
In its latest quarterly report, released on 12/30/2023, the company reported earnings of -$0.38 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 63.16% per share during the next fiscal year.
Ivanhoe Electric Inc (AMEX: IE) Trading Performance Indicators
Here are Ivanhoe Electric Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 5.32. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 327.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.93, a number that is poised to hit -0.19 in the next quarter and is forecasted to reach -0.62 in one year’s time.
Technical Analysis of Ivanhoe Electric Inc (IE)
Ivanhoe Electric Inc (AMEX: IE) saw its 5-day average volume 0.68 million, a positive change from its year-to-date volume of 0.5 million. As of the previous 9 days, the stock’s Stochastic %D was 84.35%. Additionally, its Average True Range was 0.51.
During the past 100 days, Ivanhoe Electric Inc’s (IE) raw stochastic average was set at 75.06%, which indicates a significant decrease from 80.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.60% in the past 14 days, which was lower than the 54.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.65, while its 200-day Moving Average is $11.46. Nevertheless, the first resistance level for the watch stands at $10.92 in the near term. At $11.24, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.49. If the price goes on to break the first support level at $10.35, it is likely to go to the next support level at $10.10. The third support level lies at $9.78 if the price breaches the second support level.
Ivanhoe Electric Inc (AMEX: IE) Key Stats
With a market capitalization of 1.28 billion, the company has a total of 120,306K Shares Outstanding. Currently, annual sales are 3,900 K while annual income is -199,380 K. The company’s previous quarter sales were 1,670 K while its latest quarter income was -47,160 K.
