Harmony Gold Mining Co Ltd ADR (NYSE: HMY)’s stock price has gone rise by 2.91 in comparison to its previous close of 8.59, however, the company has experienced a 8.20% increase in its stock price over the last five trading days. InvestorPlace reported 2024-04-05 that The rally that catapulted U.S. equities to newer and higher valuations seems to have come to an end. The second quarter of 2024 has seen many stocks slip and lose their once rich valuations.
Is It Worth Investing in Harmony Gold Mining Co Ltd ADR (NYSE: HMY) Right Now?
Harmony Gold Mining Co Ltd ADR (NYSE: HMY) has a price-to-earnings ratio that is above its average at 11.43x. The stock has a 36-month beta value of 1.72. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for HMY is 632.49M, and at present, short sellers hold a 1.15% of that float. On April 08, 2024, the average trading volume of HMY was 5.83M shares.
HMY’s Market Performance
The stock of Harmony Gold Mining Co Ltd ADR (HMY) has seen a 8.20% increase in the past week, with a 25.21% rise in the past month, and a 48.07% gain in the past quarter. The volatility ratio for the week is 3.85%, and the volatility levels for the past 30 days are at 4.01% for HMY. The simple moving average for the last 20 days is 12.50% for HMY’s stock, with a simple moving average of 68.13% for the last 200 days.
HMY Trading at 31.25% from the 50-Day Moving Average
After a stumble in the market that brought HMY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.34% of loss for the given period.
Volatility was left at 4.01%, however, over the last 30 days, the volatility rate increased by 3.85%, as shares surge +24.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +54.28% upper at present.
During the last 5 trading sessions, HMY rose by +8.20%, which changed the moving average for the period of 200-days by +107.51% in comparison to the 20-day moving average, which settled at $7.94. In addition, Harmony Gold Mining Co Ltd ADR saw 43.74% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for HMY
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.23 for the gross margin
The net margin for Harmony Gold Mining Co Ltd ADR stands at 0.13. The total capital return value is set at 0.02. Equity return is now at value 23.76, with 15.00 for asset returns.
Based on Harmony Gold Mining Co Ltd ADR (HMY), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is 11.17.
Currently, EBITDA for the company is 7.98 billion with net debt to EBITDA at 2.33. When we switch over and look at the enterprise to sales, we see a ratio of 1.85. The receivables turnover for the company is 1.87for trailing twelve months and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.62.
Conclusion
To sum up, Harmony Gold Mining Co Ltd ADR (HMY) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
