In the past week, EGO stock has gone up by 4.80%, with a monthly gain of 22.52% and a quarterly surge of 26.00%. The volatility ratio for the week is 2.88%, and the volatility levels for the last 30 days are 3.08% for Eldorado Gold Corp. The simple moving average for the last 20 days is 11.36% for EGO stock, with a simple moving average of 35.97% for the last 200 days.
Is It Worth Investing in Eldorado Gold Corp. (NYSE: EGO) Right Now?
Eldorado Gold Corp. (NYSE: EGO) has a price-to-earnings ratio that is above its average at 29.31x. The stock has a 36-month beta value of 1.12. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 0 as “overweight,” 8 as “hold,” and 3 as “sell.”
The public float for EGO is 201.26M, and at present, short sellers hold a 3.11% of that float. On April 09, 2024, the average trading volume of EGO was 1.68M shares.
EGO) stock’s latest price update
Eldorado Gold Corp. (NYSE: EGO)’s stock price has plunge by -0.33relation to previous closing price of 15.12. Nevertheless, the company has seen a 4.80% surge in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-18 that Gold and other commodities are perfect investment options for investors looking to diversify their portfolios. Gold futures are still at near all-time highs of roughly $2,100/oz.
EGO Trading at 21.93% from the 50-Day Moving Average
After a stumble in the market that brought EGO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.69% of loss for the given period.
Volatility was left at 3.08%, however, over the last 30 days, the volatility rate increased by 2.88%, as shares surge +23.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.34% upper at present.
During the last 5 trading sessions, EGO rose by +4.80%, which changed the moving average for the period of 200-days by +52.84% in comparison to the 20-day moving average, which settled at $13.68. In addition, Eldorado Gold Corp. saw 16.19% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for EGO
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.26 for the gross margin
The net margin for Eldorado Gold Corp. stands at 0.1. The total capital return value is set at 0.04. Equity return is now at value 3.22, with 2.29 for asset returns.
Based on Eldorado Gold Corp. (EGO), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 0.61. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is 6.3.
Currently, EBITDA for the company is 446.5 million with net debt to EBITDA at 0.24. When we switch over and look at the enterprise to sales, we see a ratio of 3.1. The receivables turnover for the company is 10.3for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.39.
Conclusion
To sum up, Eldorado Gold Corp. (EGO) 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.
