The stock of A-Mark Precious Metals Inc (NASDAQ: AMRK) has decreased by -5.53 when compared to last closing price of 40.34. Despite this, the company has experienced a -6.55% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-07 that A-Mark Precious Metals, Inc. (NASDAQ:AMRK ) Q3 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Greg Roberts – CEO Kathleen Simpson Taylor – CFO Thor Gjerdrum – President Conference Call Participants Mike Baker – D.A. Davidson Lucas Pipes – B.
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 11.69x. The 36-month beta value for AMRK is also noteworthy at -0.02. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for AMRK is 17.55M, and at present, short sellers hold a 23.61% of that float. The average trading volume of AMRK on May 08, 2024 was 413.95K shares.
AMRK’s Market Performance
AMRK stock saw an increase of -6.55% in the past week, with a monthly gain of 0.98% and a quarterly increase of 45.57%. The volatility ratio for the week is 3.61%, and the volatility levels for the last 30 days are 4.46% for A-Mark Precious Metals Inc (AMRK). The simple moving average for the past 20 days is -3.08% for AMRK’s stock, with a 23.09% simple moving average for the past 200 days.
Analysts’ Opinion of AMRK
B. Riley Securities, on the other hand, stated in their research note that they expect to see AMRK reach a price target of $50. The rating they have provided for AMRK stocks is “Buy” according to the report published on December 16th, 2022.
Northland Capital gave a rating of “Outperform” to AMRK, setting the target price at $105 in the report published on April 19th of the previous year.
AMRK Trading at 14.61% 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 -10.29% of loss for the given period.
Volatility was left at 4.46%, however, over the last 30 days, the volatility rate increased by 3.61%, as shares sank -4.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +47.67% upper at present.
During the last 5 trading sessions, AMRK fell by -6.87%, which changed the moving average for the period of 200-days by -7.68% in comparison to the 20-day moving average, which settled at $39.23. In addition, A-Mark Precious Metals Inc saw 25.98% 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 13.89, with 4.87 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 1.76.
Conclusion
In summary, A-Mark Precious Metals Inc (AMRK) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
