SSR Mining Inc (SSRM) 20 Days SMA touches 9.06%: The odds favor the bear

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SSR Mining Inc (NASDAQ: SSRM) kicked off on Friday, up 7.51% from the previous trading day, before settling in for the closing price of $10.78. Over the past 52 weeks, SSRM has traded in a range of $4.32-$11.57.

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Basic Materials Sector giant saw their annual sales surged by 17.07% over the last five years. While this was happening, its average annual earnings per share was recorded 276.34%. With a float of $200.15 million, this company’s outstanding shares have now reached $202.54 million.

The firm has a total of 3500 workers. Let’s measure their productivity. In terms of profitability, gross margin is 30.78%, operating margin of -32.4%, and the pretax margin is -32.18%.

SSR Mining Inc (SSRM) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Gold Industry. The insider ownership of SSR Mining Inc is 1.29%, while institutional ownership is 65.98%. The most recent insider transaction that took place on Jan 03 ’25, was worth 48,130. In this transaction EVP, Ops & Sustainability of this company sold 6,722 shares at a rate of $7.16, taking the stock ownership to the 265,711 shares.

SSR Mining Inc (SSRM) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.29 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 276.34% per share during the next fiscal year.

SSR Mining Inc (NASDAQ: SSRM) Trading Performance Indicators

Take a look at SSR Mining Inc’s (SSRM) current performance indicators. Last quarter, stock had a quick ratio of 1.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.17.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.40, a number that is poised to hit 0.23 in the next quarter and is forecasted to reach 2.07 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 2.82 million was better than the volume posted last year of 2.61 million. As of the previous 9 days, the stock’s Stochastic %D was 76.80%. Additionally, its Average True Range was 0.56.

During the past 100 days, SSR Mining Inc’s (SSRM) raw stochastic average was set at 99.59%, which indicates a significant increase from 98.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.44% in the past 14 days, which was higher than the 53.93% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $10.42, while its 200-day Moving Average is $7.49. Now, the first resistance to watch is $11.86. This is followed by the second major resistance level at $12.14. The third major resistance level sits at $12.66. If the price goes on to break the first support level at $11.06, it is likely to go to the next support level at $10.54. Should the price break the second support level, the third support level stands at $10.26.

SSR Mining Inc (NASDAQ: SSRM) Key Stats

The company with the Market Capitalisation of 2.35 billion has total of 202,778K Shares Outstanding. Its annual sales at the moment are 995,620 K in contrast with the sum of -261,280 K annual income. Company’s last quarter sales were recorded 323,190 K and last quarter income was 5,550 K.

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