Fury Gold Mines Ltd. (FURY): A Technical Analysis

FURY has 36-month beta value of 1.07. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for FURY is 142.18M, and currently, short sellers hold a 0.17% ratio of that float. The average trading volume of FURY on April 04, 2024 was 114.47K shares.

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FURY) stock’s latest price update

Fury Gold Mines Ltd. (AMEX: FURY) has experienced a rise in its stock price by 13.61 compared to its previous closing price of 0.44. However, the company has seen a gain of 19.02% in its stock price over the last five trading days. Zacks Investment Research reported 2022-07-08 that Fury Gold Mines Limited (FURY) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

FURY’s Market Performance

FURY’s stock has risen by 19.02% in the past week, with a monthly rise of 19.28% and a quarterly rise of 8.63%. The volatility ratio for the week is 11.25% while the volatility levels for the last 30 days are 9.22% for Fury Gold Mines Ltd. The simple moving average for the past 20 days is 19.42% for FURY’s stock, with a 29.70% simple moving average for the past 200 days.

FURY Trading at 29.74% from the 50-Day Moving Average

After a stumble in the market that brought FURY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.26% of loss for the given period.

Volatility was left at 9.22%, however, over the last 30 days, the volatility rate increased by 11.25%, as shares surge +22.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.18% upper at present.

During the last 5 trading sessions, FURY rose by +19.02%, which changed the moving average for the period of 200-days by +13.95% in comparison to the 20-day moving average, which settled at $0.4231. In addition, Fury Gold Mines Ltd. saw -1.28% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for FURY

The total capital return value is set at -0.09. Equity return is now at value -8.14, with -7.86 for asset returns.

Based on Fury Gold Mines Ltd. (FURY), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -43.76. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -229.66.

Currently, EBITDA for the company is -17.56 million with net debt to EBITDA at 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.21.

Conclusion

To put it simply, Fury Gold Mines Ltd. (FURY) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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