SSR Mining Inc (SSRM) kicked off at the price of $16.13: Venture capitalists have an exciting new opportunity

A new trading day began on Tuesday, with SSR Mining Inc (NASDAQ: SSRM) stock price up 3.66% from the previous day of trading, before settling in for the closing price of $15.56. SSRM’s price has ranged from $4.57 to $15.57 over the past 52 weeks.

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Meanwhile, its annual earnings per share averaged 436.94%. With a float of $200.15 million, this company’s outstanding shares have now reached $202.78 million.

Let’s determine the extent of company efficiency that accounts for 3500 employees. In terms of profitability, gross margin is 44.97%, operating margin of 16.83%, and the pretax margin is 16.08%.

SSR Mining Inc (SSRM) Breakdown of a Key Holders of the stock

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 1.29%, while institutional ownership is 67.97%. 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) Recent Fiscal highlights

In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.03 per share, which was $0.1 lower 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 0.41 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 436.94% 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 1.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.51. Likewise, its price to free cash flow for the trailing twelve months is 19.98.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.77, a number that is poised to hit 0.33 in the next quarter and is forecasted to reach 2.32 in one year’s time.

Technical Analysis of SSR Mining Inc (SSRM)

Looking closely at SSR Mining Inc (NASDAQ: SSRM), its last 5-days average volume was 5.36 million, which is a jump from its year-to-date volume of 2.69 million. As of the previous 9 days, the stock’s Stochastic %D was 96.72%.

During the past 100 days, SSR Mining Inc’s (SSRM) raw stochastic average was set at 99.34%, which indicates a significant increase from 98.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.55 in the past 14 days, which was higher than the 0.50 volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $12.86, while its 200-day Moving Average is $9.74. However, in the short run, SSR Mining Inc’s stock first resistance to watch stands at $16.35. Second resistance stands at $16.57. The third major resistance level sits at $16.96. If the price goes on to break the first support level at $15.74, it is likely to go to the next support level at $15.35. Now, if the price goes above the second support level, the third support stands at $15.13.

SSR Mining Inc (NASDAQ: SSRM) Key Stats

With a market capitalization of 3.27 billion, the company has a total of 202,780K Shares Outstanding. Currently, annual sales are 995,620 K while annual income is -261,280 K. The company’s previous quarter sales were 405,460 K while its latest quarter income was 90,080 K.

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