A new trading day began on Friday, with Fortuna Mining Corp (NYSE: FSM) stock price down -8.52% from the previous day of trading, before settling in for the closing price of $9.51. FSM’s price has ranged from $4.13 to $9.81 over the past 52 weeks.
A company in the Basic Materials sector has jumped its sales by 22.93% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 77.53%. With a float of $303.94 million, this company’s outstanding shares have now reached $306.96 million.
Fortuna Mining Corp (FSM) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Gold Industry. The insider ownership of Fortuna Mining Corp is 0.98%, while institutional ownership is 70.61%.
Fortuna Mining Corp (FSM) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.16 per share, which was $0.1 higher 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 0.24 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 77.53% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 32.72% during the next five years compared to 22.93% growth over the previous five years of trading.
Fortuna Mining Corp (NYSE: FSM) Trading Performance Indicators
Here are Fortuna Mining Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.15. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.43. Likewise, its price to free cash flow for the trailing twelve months is 11.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.53, a number that is poised to hit 0.25 in the next quarter and is forecasted to reach 1.18 in one year’s time.
Technical Analysis of Fortuna Mining Corp (FSM)
Let’s dig in a bit further. During the last 5-days, its volume was 15.61 million. That was inferior than the volume of 16.02 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 55.89%.
During the past 100 days, Fortuna Mining Corp’s (FSM) raw stochastic average was set at 73.10%, which indicates a significant increase from 23.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.50 in the past 14 days, which was higher than the 0.32 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.11, while its 200-day Moving Average is $6.36. However, in the short run, Fortuna Mining Corp’s stock first resistance to watch stands at $9.19. Second resistance stands at $9.69. The third major resistance level sits at $10.01. If the price goes on to break the first support level at $8.38, it is likely to go to the next support level at $8.06. The third support level lies at $7.57 if the price breaches the second support level.
Fortuna Mining Corp (NYSE: FSM) Key Stats
With a market capitalization of 2.67 billion, the company has a total of 306,960K Shares Outstanding. Currently, annual sales are 1,062 M while annual income is 128,740 K. The company’s previous quarter sales were 230,420 K while its latest quarter income was 37,310 K.
