A new trading day began on Friday, with Ivanhoe Electric Inc (AMEX: IE) stock price down -5.96% from the previous day of trading, before settling in for the closing price of $10.06. IE’s price has ranged from $6.31 to $12.98 over the past 52 weeks.
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Basic Materials Sector giant saw their annual sales surged by 12.89% over the last five years. Meanwhile, its annual earnings per share averaged 33.22%. With a float of $73.80 million, this company’s outstanding shares have now reached $120.03 million.
The firm has a total of 244 workers. Let’s measure their productivity. In terms of profitability, gross margin is -2174.51%, operating margin of -2498.46%, and the pretax margin is -6436.36%.
Ivanhoe Electric Inc (IE) Insider Activity
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 39.41%, while institutional ownership is 61.19%. The most recent insider transaction that took place on May 20 ’24, was worth 304,000. In this transaction Chief Geophysics Officer of this company sold 25,000 shares at a rate of $12.16, taking the stock ownership to the 260,272 shares. Before that another transaction happened on May 16 ’24, when Company’s Chief Operating Officer sold 28,344 for $12.45, making the entire transaction worth $352,883. This insider now owns 301,928 shares in total.
Ivanhoe Electric Inc (IE) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 33.22% 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 2.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 330.73.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.60, a number that is poised to hit -0.19 in the next quarter and is forecasted to reach -0.74 in one year’s time.
Technical Analysis of Ivanhoe Electric Inc (IE)
Analysing the last 5-days average volume posted by the [Ivanhoe Electric Inc, IE], we can find that recorded value of 0.94 million was better than the volume posted last year of 0.67 million. As of the previous 9 days, the stock’s Stochastic %D was 9.22%. Additionally, its Average True Range was 0.59.
During the past 100 days, Ivanhoe Electric Inc’s (IE) raw stochastic average was set at 54.12%, which indicates a significant increase from 0.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.37% in the past 14 days, which was lower than the 69.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.22, while its 200-day Moving Average is $9.35. Now, the first resistance to watch is $10.05. This is followed by the second major resistance level at $10.65. The third major resistance level sits at $10.95. If the price goes on to break the first support level at $9.15, it is likely to go to the next support level at $8.85. Should the price break the second support level, the third support level stands at $8.25.
Ivanhoe Electric Inc (AMEX: IE) Key Stats
With a market capitalization of 1.07 billion, the company has a total of 120,456K Shares Outstanding. Currently, annual sales are 3,900 K while annual income is -199,380 K. The company’s previous quarter sales were 670 K while its latest quarter income was -43,240 K.
