Gold Resource Corp (AMEX: GORO)’s stock price has gone rise by 7.56 in comparison to its previous close of 0.38, however, the company has experienced a 1.57% increase in its stock price over the last five trading days. investorplace.com reported 2024-05-27 that There’s no denying that penny stocks with high potential carry incredibly big risks. At the same time, that’s why they’re so appealing.
Is It Worth Investing in Gold Resource Corp (AMEX: GORO) Right Now?
The 36-month beta value for GORO is also noteworthy at 1.47. 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.”
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The public float for GORO is 89.11M, and at present, short sellers hold a 0.10% of that float. The average trading volume of GORO on July 04, 2024 was 751.61K shares.
GORO’s Market Performance
GORO stock saw a decrease of 1.57% in the past week, with a monthly decline of -18.42% and a quarterly a decrease of -37.36%. The volatility ratio for the week is 5.92%, and the volatility levels for the last 30 days are 6.53% for Gold Resource Corp (GORO). The simple moving average for the past 20 days is -6.06% for GORO’s stock, with a 5.32% simple moving average for the past 200 days.
Analysts’ Opinion of GORO
Many brokerage firms have already submitted their reports for GORO stocks, with Alliance Global Partners repeating the rating for GORO by listing it as a “Buy.” The predicted price for GORO in the upcoming period, according to Alliance Global Partners is $4.25 based on the research report published on July 21, 2022 of the previous year 2022.
ROTH Capital, on the other hand, stated in their research note that they expect to see GORO reach a price target of $6.50. The rating they have provided for GORO stocks is “Buy” according to the report published on June 11th, 2019.
H.C. Wainwright gave a rating of “Buy” to GORO, setting the target price at $7.75 in the report published on March 25th of the previous year.
GORO Trading at -12.45% from the 50-Day Moving Average
After a stumble in the market that brought GORO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -42.82% of loss for the given period.
Volatility was left at 6.53%, however, over the last 30 days, the volatility rate increased by 5.92%, as shares sank -13.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.86% lower at present.
During the last 5 trading sessions, GORO rose by +1.42%, which changed the moving average for the period of 200-days by -8.24% in comparison to the 20-day moving average, which settled at $0.4302. In addition, Gold Resource Corp saw 8.27% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for GORO
Current profitability levels for the company are sitting at:
- -0.25 for the present operating margin
- -0.15 for the gross margin
The net margin for Gold Resource Corp stands at -0.22. The total capital return value is set at -0.12. Equity return is now at value -18.65, with -10.06 for asset returns.
Based on Gold Resource Corp (GORO), the company’s capital structure generated 0.33 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 0.5. The interest coverage ratio of the stock is -8.15.
Currently, EBITDA for the company is 8.54 million with net debt to EBITDA at 92.87. When we switch over and look at the enterprise to sales, we see a ratio of 0.91. The receivables turnover for the company is 19.14for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.12.
Conclusion
In summary, Gold Resource Corp (GORO) 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.
