A new trading day began on Monday, with SSR Mining Inc (NASDAQ: SSRM) stock price up 2.18% from the previous day of trading, before settling in for the closing price of $5.51. SSRM’s price has ranged from $3.76 to $12.04 over the past 52 weeks.
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Annual sales at Basic Materials sector company grew by 31.96% over the past five years. Meanwhile, its annual earnings per share averaged -73.72%. With a float of $200.13 million, this company’s outstanding shares have now reached $202.95 million.
Let’s look at the performance matrix of the company that is accounted for 5400 employees. 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
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 1.10%, while institutional ownership is 69.57%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -73.72% 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 1.97. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.46.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.41, a number that is poised to hit 0.17 in the next quarter and is forecasted to reach 0.56 in one year’s time.
Technical Analysis of SSR Mining Inc (SSRM)
SSR Mining Inc (NASDAQ: SSRM) saw its 5-day average volume 2.88 million, a negative change from its year-to-date volume of 3.48 million. As of the previous 9 days, the stock’s Stochastic %D was 41.89%. Additionally, its Average True Range was 0.30.
During the past 100 days, SSR Mining Inc’s (SSRM) raw stochastic average was set at 57.46%, which indicates a significant increase from 42.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.72% in the past 14 days, which was higher than the 58.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.86, while its 200-day Moving Average is $5.30. Nevertheless, the first resistance level for the watch stands at $5.76 in the near term. At $5.88, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.96. If the price goes on to break the first support level at $5.55, it is likely to go to the next support level at $5.47. Assuming the price breaks the second support level, the third support level stands at $5.34.
SSR Mining Inc (NASDAQ: SSRM) Key Stats
With a market capitalization of 1.60 billion, the company has a total of 202,370K Shares Outstanding. Currently, annual sales are 1,427 M while annual income is -98,010 K. The company’s previous quarter sales were 257,360 K while its latest quarter income was 10,560 K.
