The stock of Gulf Resources Inc (GURE) has seen a 15.11% increase in the past week, with a 7.38% gain in the past month, and a 31.15% flourish in the past quarter. The volatility ratio for the week is 4.90%, and the volatility levels for the past 30 days are at 7.30% for GURE. The simple moving average for the past 20 days is 13.78% for GURE’s stock, with a -3.83% simple moving average for the past 200 days.
Is It Worth Investing in Gulf Resources Inc (NASDAQ: GURE) Right Now?
The 36-month beta value for GURE is also noteworthy at 0.25. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for GURE is 6.80M, and at present, short sellers hold a 0.14% of that float. The average trading volume of GURE on April 26, 2024 was 19.74K shares.
GURE) stock’s latest price update
The stock price of Gulf Resources Inc (NASDAQ: GURE) has jumped by 4.18 compared to previous close of 1.54. Despite this, the company has seen a gain of 15.11% in its stock price over the last five trading days. Benzinga reported 2023-11-22 that The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
GURE Trading at 17.56% from the 50-Day Moving Average
After a stumble in the market that brought GURE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.88% of loss for the given period.
Volatility was left at 7.30%, however, over the last 30 days, the volatility rate increased by 4.90%, as shares surge +8.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.02% upper at present.
During the last 5 trading sessions, GURE rose by +15.10%, which changed the moving average for the period of 200-days by -36.26% in comparison to the 20-day moving average, which settled at $1.4122. In addition, Gulf Resources Inc saw -3.03% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GURE starting from Liu Xiaobin, who sale 110,000 shares at the price of $2.50 back on Dec 20 ’23. After this action, Liu Xiaobin now owns 18,115 shares of Gulf Resources Inc, valued at $275,000 using the latest closing price.
Miao Naihui, the COO & Secretary of Gulf Resources Inc, sale 110,000 shares at $2.50 during a trade that took place back on Dec 20 ’23, which means that Miao Naihui is holding 18,115 shares at $275,000 based on the most recent closing price.
Stock Fundamentals for GURE
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.33 for the gross margin
The net margin for Gulf Resources Inc stands at -0.14. The total capital return value is set at 0.01. Equity return is now at value -2.16, with -2.00 for asset returns.
Based on Gulf Resources Inc (GURE), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 2.68. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 66.44.
Currently, EBITDA for the company is 55.67 million with net debt to EBITDA at -4.51. When we switch over and look at the enterprise to sales, we see a ratio of -1.88. The receivables turnover for the company is 19.4for trailing twelve months and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 11.64.
Conclusion
In summary, Gulf Resources Inc (GURE) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
