The stock of Eldorado Gold Corp. (EGO) has seen a 4.72% increase in the past week, with a -3.64% drop in the past month, and a 22.38% flourish in the past quarter. The volatility ratio for the week is 3.02%, and the volatility levels for the past 30 days are at 3.70% for EGO. The simple moving average for the past 20 days is 1.73% for EGO’s stock, with a 30.34% simple moving average for the past 200 days.
Is It Worth Investing in Eldorado Gold Corp. (NYSE: EGO) Right Now?
Eldorado Gold Corp. (NYSE: EGO) has a higher price-to-earnings ratio of 26.50x compared to its average ratio. EGO has 36-month beta value of 1.09. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 8 as “hold,” and 3 as “sell.”
The public float for EGO is 202.07M, and currently, short sellers hold a 2.78% ratio of that float. The average trading volume of EGO on May 09, 2024 was 1.81M shares.
EGO) stock’s latest price update
The stock price of Eldorado Gold Corp. (NYSE: EGO) has surged by 1.00 when compared to previous closing price of 14.94, but the company has seen a 4.72% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that Eldorado Gold (EGO) is well positioned to outperform the market, as it exhibits above-average growth in financials.
EGO Trading at 9.76% 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 -6.10% of loss for the given period.
Volatility was left at 3.70%, however, over the last 30 days, the volatility rate increased by 3.02%, as shares sank -1.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.08% upper at present.
During the last 5 trading sessions, EGO rose by +4.72%, which changed the moving average for the period of 200-days by +37.81% in comparison to the 20-day moving average, which settled at $14.82. In addition, Eldorado Gold Corp. saw 16.35% 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:
- 0.2 for the present operating margin
- 0.27 for the gross margin
The net margin for Eldorado Gold Corp. stands at 0.11. The total capital return value is set at 0.04. Equity return is now at value 3.57, with 2.55 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 0.67. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is 8.35.
Currently, EBITDA for the company is 446.5 million with net debt to EBITDA at 0.3. When we switch over and look at the enterprise to sales, we see a ratio of 3.06. The receivables turnover for the company is 11.8for 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 3.50.
Conclusion
To put it simply, Eldorado Gold Corp. (EGO) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
