SSR Mining Inc. (NASDAQ:SSRM) went down by -0.26% from its latest closing price compared to the recent 1-year high of $24.58. The company’s stock price has collected 2.50% of gains in the last five trading sessions.
Is It Worth Investing in SSR Mining Inc. (NASDAQ :SSRM) Right Now?
SSR Mining Inc. (NASDAQ:SSRM) scored a price-to-earnings ratio above its average ratio, recording 13.07 x from its present earnings ratio. Plus, the 36-month beta value for SSRM is at 0.87. Opinions of the stock are interesting as 9 analysts out of 11 who provided ratings for SSR Mining Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $27.30, which is $8.86 above the current price. SSRM currently public float of 211.48M and currently shorts hold a 2.49% ratio of that float. Today, the average trading volume of SSRM was 1.95M shares.
SSRM’s Market Performance
SSRM stocks went up by 2.50% for the week, with a monthly drop of -7.36% and a quarterly performance of -11.19%, while its annual performance rate touched 18.88%. The volatility ratio for the week stands at 4.49% while the volatility levels for the past 30 days are set at 4.39% for SSR Mining Inc. The simple moving average for the period of the last 20 days is -4.46% for SSRM stocks with a simple moving average of 1.87% for the last 200 days.
Analysts’ Opinion of SSRM
Many brokerage firms have already submitted their reports for SSRM stocks, with UBS repeating the rating for SSRM by listing it as a “Buy.” The predicted price for SSRM in the upcoming period, according to UBS is $22 based on the research report published on June 01st of the current year 2022.
SSRM Trading at -9.66% from the 50-Day Moving Average
After a stumble in the market that brought SSRM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.15% of loss for the given period.
Volatility was left at 4.39%, however, over the last 30 days, the volatility rate increased by 4.49%, as shares sank -7.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.19% lower at present.
During the last 5 trading sessions, SSRM rose by +2.50%, which changed the moving average for the period of 200-days by +12.24% in comparison to the 20-day moving average, which settled at $19.70. In addition, SSR Mining Inc. saw 6.72% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at SSRM starting from Beckman Steward John, who sale 5,400 shares at the price of $19.09 back on Jun 21. After this action, Beckman Steward John now owns 157,055 shares of SSR Mining Inc., valued at $103,086 using the latest closing price.
Sparks Michael John, the Chief Legal & Admin Officer of SSR Mining Inc., sale 4,470 shares at $20.00 during a trade that took place back on Jun 10, which means that Sparks Michael John is holding 129,735 shares at $89,400 based on the most recent closing price.
Stock Fundamentals for SSRM
Current profitability levels for the company are sitting at:
- +31.95 for the present operating margin
- +35.79 for the gross margin
The net margin for SSR Mining Inc. stands at +24.97. Equity return is now at value 9.30, with 6.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 5.64.