SSR Mining Inc (NASDAQ: SSRM) on Monday, plunged -3.16% from the previous trading day, before settling in for the closing price of $5.70. Within the past 52 weeks, SSRM’s price has moved between $3.76 and $12.18.
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A company in the Basic Materials sector has jumped its sales by 31.96% annually for the last half of the decade. The company achieved an average annual earnings per share of -72.28%. With a float of $200.20 million, this company’s outstanding shares have now reached $202.95 million.
In an organization with 5400 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 3.2%, operating margin of -17.31%, and the pretax margin is -63.06%.
SSR Mining Inc (SSRM) Insider Updates
Observing investor behavior towards Gold industry stocks is more important than anything else. The insider ownership of SSR Mining Inc is 1.07%, while institutional ownership is 70.05%. 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) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.59 earnings per share (EPS) for the period topping the consensus outlook (set at 0.33) by 0.26. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -72.28% per share during the next fiscal year.
SSR Mining Inc (NASDAQ: SSRM) Trading Performance Indicators
SSR Mining Inc (SSRM) is currently performing well based on its current performance indicators. A quick ratio of 1.97 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 1.53.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.41, a number that is poised to hit 0.16 in the next quarter and is forecasted to reach 0.57 in one year’s time.
Technical Analysis of SSR Mining Inc (SSRM)
Let’s dig in a bit further. During the last 5-days, its volume was 3.56 million. That was better than the volume of 3.5 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 30.14%. Additionally, its Average True Range was 0.33.
During the past 100 days, SSR Mining Inc’s (SSRM) raw stochastic average was set at 52.63%, which indicates a significant increase from 29.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.92% in the past 14 days, which was higher than the 58.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.81, while its 200-day Moving Average is $5.40. However, in the short run, SSR Mining Inc’s stock first resistance to watch stands at $5.59. Second resistance stands at $5.67. The third major resistance level sits at $5.75. If the price goes on to break the first support level at $5.43, it is likely to go to the next support level at $5.35. Assuming the price breaks the second support level, the third support level stands at $5.27.
SSR Mining Inc (NASDAQ: SSRM) Key Stats
Market capitalization of the company is 1.68 billion based on 202,370K outstanding shares. Right now, sales total 1,427 M and income totals -98,010 K. The company made 184,840 K in profit during its latest quarter, and 9,690 K in sales during its previous quarter.
