A new trading day began on Monday, with Fortuna Mining Corp. (NYSE: FSM) stock price up 4.59% from the previous day of trading, before settling in for the closing price of $4.58. FSM’s price has ranged from $2.58 to $6.36 over the past 52 weeks.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 31.63%. Meanwhile, its annual earnings per share averaged 119.16%. With a float of $302.35 million, this company’s outstanding shares have now reached $306.59 million.
Let’s determine the extent of company efficiency that accounts for 5185 employees. In terms of profitability, gross margin is 26.56%, operating margin of 18.88%, and the pretax margin is 5.69%.
Fortuna Mining Corp. (FSM) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Gold Industry. The insider ownership of Fortuna Mining Corp. is 1.23%, while institutional ownership is 54.86%.
Fortuna Mining Corp. (FSM) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.1 per share, which was $0.1 higher 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 0.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 119.16% per share during the next fiscal year.
Fortuna Mining Corp. (NYSE: FSM) Trading Performance Indicators
Here are Fortuna Mining Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.47. Likewise, its price to free cash flow for the trailing twelve months is 9.61.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.01, a number that is poised to hit 0.14 in the next quarter and is forecasted to reach 0.54 in one year’s time.
Technical Analysis of Fortuna Mining Corp. (FSM)
Looking closely at Fortuna Mining Corp. (NYSE: FSM), its last 5-days average volume was 4.93 million, which is a drop from its year-to-date volume of 6.1 million. As of the previous 9 days, the stock’s Stochastic %D was 93.82%. Additionally, its Average True Range was 0.22.
During the past 100 days, Fortuna Mining Corp.’s (FSM) raw stochastic average was set at 45.48%, which indicates a significant decrease from 91.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.01% in the past 14 days, which was lower than the 54.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.84, while its 200-day Moving Average is $4.14. However, in the short run, Fortuna Mining Corp.’s stock first resistance to watch stands at $4.89. Second resistance stands at $4.99. The third major resistance level sits at $5.15. If the price goes on to break the first support level at $4.63, it is likely to go to the next support level at $4.47. Now, if the price goes above the second support level, the third support stands at $4.37.
Fortuna Mining Corp. (NYSE: FSM) Key Stats
With a market capitalization of 1.47 billion, the company has a total of 306,114K Shares Outstanding. Currently, annual sales are 842,430 K while annual income is -50,840 K. The company’s previous quarter sales were 259,970 K while its latest quarter income was 40,630 K.
