Hycroft Mining Holding Corporation (NASDAQ: HYMC) has experienced a rise in its stock price by 6.93 compared to its previous closing price of 2.31. However, the company has seen a gain of 6.47% in its stock price over the last five trading days. prnewswire.com reported 2024-05-07 that WINNEMUCCA, Nev., May 7, 2024 /PRNewswire/ — Hycroft Mining Holding Corporation (Nasdaq: HYMC) (“Hycroft” or “the Company”) announces quarterly results for the three months ended March 31, 2024.
Is It Worth Investing in Hycroft Mining Holding Corporation (NASDAQ: HYMC) Right Now?
Company’s 36-month beta value is 2.04.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for HYMC is 18.49M, and currently, short sellers hold a 8.16% ratio of that floaft. The average trading volume of HYMC on July 04, 2024 was 508.15K shares.
HYMC’s Market Performance
HYMC’s stock has seen a 6.47% increase for the week, with a -29.02% drop in the past month and a -32.70% fall in the past quarter. The volatility ratio for the week is 7.25%, and the volatility levels for the past 30 days are at 7.54% for Hycroft Mining Holding Corporation The simple moving average for the past 20 days is -5.70% for HYMC’s stock, with a -6.47% simple moving average for the past 200 days.
Analysts’ Opinion of HYMC
Many brokerage firms have already submitted their reports for HYMC stocks, with Stifel repeating the rating for HYMC by listing it as a “Buy.” The predicted price for HYMC in the upcoming period, according to Stifel is $15 based on the research report published on October 23, 2020 of the previous year 2020.
HYMC Trading at -21.45% from the 50-Day Moving Average
After a stumble in the market that brought HYMC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.55% of loss for the given period.
Volatility was left at 7.54%, however, over the last 30 days, the volatility rate increased by 7.25%, as shares sank -21.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.37% lower at present.
During the last 5 trading sessions, HYMC rose by +7.76%, which changed the moving average for the period of 200-days by -22.84% in comparison to the 20-day moving average, which settled at $2.58. In addition, Hycroft Mining Holding Corporation saw 0.82% 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 HYMC starting from Thomas David Brian, who sale 1,800 shares at the price of $2.83 back on Jun 10 ’24. After this action, Thomas David Brian now owns 42,752 shares of Hycroft Mining Holding Corporation, valued at $5,094 using the latest closing price.
GARRETT DIANE R, the President & CEO of Hycroft Mining Holding Corporation, sale 6,791 shares at $3.42 during a trade that took place back on Jun 02 ’24, which means that GARRETT DIANE R is holding 256,471 shares at $23,218 based on the most recent closing price.
Stock Fundamentals for HYMC
The total capital return value is set at -0.32. Equity return is now at value -279.42, with -31.90 for asset returns.
Based on Hycroft Mining Holding Corporation (HYMC), the company’s capital structure generated 1.06 points at debt to capital in total, while cash flow to debt ratio is standing at -0.38. The debt to equity ratio resting at -18.64. The interest coverage ratio of the stock is -6.7.
Currently, EBITDA for the company is -42.8 million with net debt to EBITDA at -1.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.89.
Conclusion
In a nutshell, Hycroft Mining Holding Corporation (HYMC) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
