In the past week, AMRK stock has gone up by 25.53%, with a monthly gain of 38.73% and a quarterly surge of 33.93%. The volatility ratio for the week is 7.28%, and the volatility levels for the last 30 days are 4.33% for A-Mark Precious Metals Inc The simple moving average for the past 20 days is 33.67% for AMRK’s stock, with a 27.09% simple moving average for the past 200 days.
Is It Worth Investing in A-Mark Precious Metals Inc (NASDAQ: AMRK) Right Now?
The price-to-earnings ratio for A-Mark Precious Metals Inc (NASDAQ: AMRK) is above average at 8.66x, Company’s 36-month beta value is 0.03.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for AMRK is 17.55M, and currently, short sellers hold a 17.20% ratio of that floaft. The average trading volume of AMRK on April 09, 2024 was 256.45K shares.
AMRK) stock’s latest price update
A-Mark Precious Metals Inc (NASDAQ: AMRK)’s stock price has soared by 19.28 in relation to previous closing price of 32.73. Nevertheless, the company has seen a gain of 25.53% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-07 that A-Mark Precious Metals’ shares have fallen 20% since reaching a 52-week high in June 2023 due to soft supply-demand dynamics. The company’s recent acquisition of Hong Kong-based LPM Group could lead to an earnings turnaround by providing access to the Asian market. With a share repurchase program and a current yield of over 2.4%, insider buying in A-Mark suggests potential value in the stock.
Analysts’ Opinion of AMRK
Many brokerage firms have already submitted their reports for AMRK stocks, with B. Riley Securities repeating the rating for AMRK by listing it as a “Buy.” The predicted price for AMRK in the upcoming period, according to B. Riley Securities is $50 based on the research report published on December 16, 2022 of the previous year 2022.
Northland Capital, on the other hand, stated in their research note that they expect to see AMRK reach a price target of $105. The rating they have provided for AMRK stocks is “Outperform” according to the report published on April 19th, 2022.
DA Davidson gave a rating of “Buy” to AMRK, setting the target price at $55 in the report published on March 19th of the previous year.
AMRK Trading at 41.34% from the 50-Day Moving Average
After a stumble in the market that brought AMRK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.66% of loss for the given period.
Volatility was left at 4.33%, however, over the last 30 days, the volatility rate increased by 7.28%, as shares surge +36.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.32% upper at present.
During the last 5 trading sessions, AMRK rose by +25.53%, which changed the moving average for the period of 200-days by +2.74% in comparison to the 20-day moving average, which settled at $29.73. In addition, A-Mark Precious Metals Inc saw 29.06% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AMRK starting from ROBERTS GREGORY N, who sale 3,904 shares at the price of $26.15 back on Mar 01 ’24. After this action, ROBERTS GREGORY N now owns 28,202 shares of A-Mark Precious Metals Inc, valued at $102,099 using the latest closing price.
ROBERTS GREGORY N, the Chief Executive Officer of A-Mark Precious Metals Inc, sale 8,696 shares at $25.30 during a trade that took place back on Feb 29 ’24, which means that ROBERTS GREGORY N is holding 28,202 shares at $220,047 based on the most recent closing price.
Stock Fundamentals for AMRK
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.02 for the gross margin
The net margin for A-Mark Precious Metals Inc stands at 0.01. The total capital return value is set at 0.18. Equity return is now at value 19.67, with 6.88 for asset returns.
Based on A-Mark Precious Metals Inc (AMRK), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at -0.1. The debt to equity ratio resting at 1.41. The interest coverage ratio of the stock is 8.75.
Currently, EBITDA for the company is 246.86 million with net debt to EBITDA at 5.01. When we switch over and look at the enterprise to sales, we see a ratio of 0.17. The receivables turnover for the company is 59.09for trailing twelve months and the total asset turnover is 6.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.86.
Conclusion
In a nutshell, A-Mark Precious Metals Inc (AMRK) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
