On Tuesday, Ivanhoe Electric Inc (AMEX: IE) opened lower -3.76% from the last session, before settling in for the closing price of $10.65. Price fluctuations for IE have ranged from $7.29 to $16.75 over the past 52 weeks.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 12.89%. Company’s average yearly earnings per share was noted 62.44% at the time writing. With a float of $70.69 million, this company’s outstanding shares have now reached $120.03 million.
Let’s determine the extent of company efficiency that accounts for 244 employees.
Ivanhoe Electric Inc (IE) Insider Activity
A key investor’s attitude towards the stock of the Copper industry is another important factor to consider. The insider ownership of Ivanhoe Electric Inc is 41.24%, while institutional ownership is 51.33%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 62.44% per share during the next fiscal year.
Ivanhoe Electric Inc (AMEX: IE) Trading Performance Indicators
Check out the current performance indicators for Ivanhoe Electric Inc (IE). In the past quarter, the stock posted a quick ratio of 5.32. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 316.20.
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 -0.63 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 0.52 million, which is a jump from its year-to-date volume of 0.5 million. As of the previous 9 days, the stock’s Stochastic %D was 52.77%. Additionally, its Average True Range was 0.53.
During the past 100 days, Ivanhoe Electric Inc’s (IE) raw stochastic average was set at 67.12%, which indicates a significant increase from 62.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.85% in the past 14 days, which was lower than the 52.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.82, while its 200-day Moving Average is $11.37. However, in the short run, Ivanhoe Electric Inc’s stock first resistance to watch stands at $10.45. Second resistance stands at $10.66. The third major resistance level sits at $10.88. If the price goes on to break the first support level at $10.03, it is likely to go to the next support level at $9.81. Should the price break the second support level, the third support level stands at $9.61.
Ivanhoe Electric Inc (AMEX: IE) Key Stats
There are currently 120,306K shares outstanding in the company with a market cap of 1.23 billion. Presently, the company’s annual sales total 3,900 K according to its annual income of -199,380 K. Last quarter, the company’s sales amounted to 1,670 K and its income totaled -47,160 K.
