Equinox Gold Corp (AMEX: EQX) has a price-to-earnings ratio of 64.22x that is above its average ratio. Additionally, the 36-month beta value for EQX is 1.28. 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 EQX is 302.12M and currently, short sellers hold a 4.95% ratio of that float. The average trading volume of EQX on May 07, 2024 was 3.31M shares.
EQX) stock’s latest price update
Equinox Gold Corp (AMEX: EQX) has seen a rise in its stock price by 4.09 in relation to its previous close of 5.38. However, the company has experienced a -1.41% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
EQX’s Market Performance
Equinox Gold Corp (EQX) has experienced a -1.41% fall in stock performance for the past week, with a -10.40% drop in the past month, and a 26.98% rise in the past quarter. The volatility ratio for the week is 4.08%, and the volatility levels for the past 30 days are at 4.51% for EQX. The simple moving average for the last 20 days is -2.18% for EQX stock, with a simple moving average of 15.28% for the last 200 days.
EQX Trading at 4.63% from the 50-Day Moving Average
After a stumble in the market that brought EQX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.85% of loss for the given period.
Volatility was left at 4.51%, however, over the last 30 days, the volatility rate increased by 4.08%, as shares sank -9.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.70% upper at present.
During the last 5 trading sessions, EQX fell by -1.41%, which changed the moving average for the period of 200-days by +9.16% in comparison to the 20-day moving average, which settled at $5.70. In addition, Equinox Gold Corp saw 14.52% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for EQX
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.1 for the gross margin
The net margin for Equinox Gold Corp stands at 0.03. The total capital return value is set at 0.01. Equity return is now at value 1.20, with 0.70 for asset returns.
Based on Equinox Gold Corp (EQX), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is 0.44.
Currently, EBITDA for the company is 256.48 million with net debt to EBITDA at 3.19. When we switch over and look at the enterprise to sales, we see a ratio of 2.4. The receivables turnover for the company is 13.39for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.74.
Conclusion
In conclusion, Equinox Gold Corp (EQX) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
