SSR Mining Inc (NASDAQ: SSRM)’s stock price has gone decline by -2.88 in comparison to its previous close of 11.65, however, the company has experienced a -0.66% decrease in its stock price over the last five trading days. Seeking Alpha reported 2023-11-01 that SSR Mining, Inc. (SSRM) Q3 2023 Earnings Call Transcript
Is It Worth Investing in SSR Mining Inc (NASDAQ: SSRM) Right Now?
SSR Mining Inc (NASDAQ: SSRM) has a price-to-earnings ratio that is above its average at 11.18x. and a 36-month beta value of 0.89. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
The average price predicted for SSR Mining Inc (SSRM) by analysts is $17.29, which is $5.98 above the current market price. The public float for SSRM is 202.32M, and at present, short sellers hold a 3.19% of that float. On November 20, 2023, the average trading volume of SSRM was 1.21M shares.
SSRM’s Market Performance
SSRM’s stock has seen a -0.66% decrease for the week, with a -19.98% drop in the past month and a -21.04% fall in the past quarter. The volatility ratio for the week is 3.03%, and the volatility levels for the past 30 days are at 4.59% for SSR Mining Inc The simple moving average for the past 20 days is -10.45% for SSRM’s stock, with a -21.24% simple moving average for the past 200 days.
SSRM Trading at -15.24% 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 -36.22% of loss for the given period.
Volatility was left at 4.59%, however, over the last 30 days, the volatility rate increased by 3.03%, as shares sank -21.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.58% lower at present.
During the last 5 trading sessions, SSRM fell by -0.97%, which changed the moving average for the period of 200-days by -30.33% in comparison to the 20-day moving average, which settled at $12.48. In addition, SSR Mining Inc saw -27.79% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at SSRM starting from Anglin Arthur Michael, who purchase 8,000 shares at the price of $16.23 back on May 12. After this action, Anglin Arthur Michael now owns 52,306 shares of SSR Mining Inc, valued at $129,840 using the latest closing price.
Farid Fady Adel Edward, the Chief Corp Development Officer of SSR Mining Inc, sale 2,955 shares at $13.31 during a trade that took place back on Mar 08, which means that Farid Fady Adel Edward is holding 115,466 shares at $39,331 based on the most recent closing price.
Stock Fundamentals for SSRM
Current profitability levels for the company are sitting at:
- +16.23 for the present operating margin
- +26.11 for the gross margin
The net margin for SSR Mining Inc stands at +16.91. The total capital return value is set at 4.08, while invested capital returns managed to touch 4.92. Equity return is now at value 6.01, with 3.98 for asset returns.
Based on SSR Mining Inc (SSRM), the company’s capital structure generated 11.36 points at debt to equity in total, while total debt to capital is 10.20. Total debt to assets is 7.74, with long-term debt to equity ratio resting at 9.19. Finally, the long-term debt to capital ratio is 8.25.
When we switch over and look at the enterprise to sales, we see a ratio of 1.60, with the company’s debt to enterprise value settled at 0.11. The receivables turnover for the company is 9.56 and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.93.
To sum up, SSR Mining Inc (SSRM) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.