A new trading day began on Friday, with SSR Mining Inc (NASDAQ: SSRM) stock price down -0.49% from the previous day of trading, before settling in for the closing price of $6.17. SSRM’s price has ranged from $3.76 to $14.06 over the past 52 weeks.
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Basic Materials Sector giant saw their annual sales surged by 31.96% over the last five years. Meanwhile, its annual earnings per share averaged -62.19%. With a float of $199.93 million, this company’s outstanding shares have now reached $202.95 million.
The firm has a total of 5400 workers. Let’s measure their productivity. In terms of profitability, gross margin is 6.83%, operating margin of -9.99%, and the pretax margin is -52.12%.
SSR Mining Inc (SSRM) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Gold Industry. The insider ownership of SSR Mining Inc is 1.07%, while institutional ownership is 68.57%. The most recent insider transaction that took place on Mar 07 ’24, was worth 9,384. In this transaction EVP, Growth and Innovation of this company sold 2,076 shares at a rate of $4.52, taking the stock ownership to the 30,205 shares.
SSR Mining Inc (SSRM) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.26 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 0.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -62.19% per share during the next fiscal year.
SSR Mining Inc (NASDAQ: SSRM) Trading Performance Indicators
Here are SSR Mining Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.78. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.41. Likewise, its price to free cash flow for the trailing twelve months is 16.33.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.39, a number that is poised to hit 0.11 in the next quarter and is forecasted to reach 0.71 in one year’s time.
Technical Analysis of SSR Mining Inc (SSRM)
Analysing the last 5-days average volume posted by the [SSR Mining Inc, SSRM], we can find that recorded value of 2.2 million was lower than the volume posted last year of 3.51 million. As of the previous 9 days, the stock’s Stochastic %D was 34.69%. Additionally, its Average True Range was 0.26.
During the past 100 days, SSR Mining Inc’s (SSRM) raw stochastic average was set at 79.82%, which indicates a significant increase from 52.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.64% in the past 14 days, which was lower than the 52.38% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.75, while its 200-day Moving Average is $5.52. Now, the first resistance to watch is $6.23. This is followed by the second major resistance level at $6.32. The third major resistance level sits at $6.37. If the price goes on to break the first support level at $6.08, it is likely to go to the next support level at $6.03. Should the price break the second support level, the third support level stands at $5.94.
SSR Mining Inc (NASDAQ: SSRM) Key Stats
With a market capitalization of 1.73 billion, the company has a total of 202,109K Shares Outstanding. Currently, annual sales are 1,427 M while annual income is -98,010 K. The company’s previous quarter sales were 184,840 K while its latest quarter income was 9,690 K.
