In the past week, EQX stock has gone up by 1.93%, with a monthly gain of 5.45% and a quarterly surge of 2.65%. The volatility ratio for the week is 4.68%, and the volatility levels for the last 30 days are 5.05% for Equinox Gold Corp The simple moving average for the last 20 days is 8.15% for EQX stock, with a simple moving average of 12.33% for the last 200 days.
Is It Worth Investing in Equinox Gold Corp (AMEX: EQX) Right Now?
Equinox Gold Corp (AMEX: EQX) has a price-to-earnings ratio of 11.86x that is above its average ratio. Additionally, the 36-month beta value for EQX is 1.31. There are mixed opinions on the stock, with 1 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 EQX is 350.67M and currently, short sellers hold a 3.43% ratio of that float. The average trading volume of EQX on August 27, 2024 was 2.69M shares.
EQX) stock’s latest price update
The stock of Equinox Gold Corp (AMEX: EQX) has decreased by -1.69 when compared to last closing price of 5.90. Despite this, the company has experienced a 1.93% gain in its stock price over the last five trading sessions. investorplace.com reported 2024-08-14 that Red ink is usually never a pleasant sign, especially after you acquired a significant position in certain publicly traded companies. Nevertheless, cheap stocks also provide a long-term opportunity for forward-thinking speculators.
EQX Trading at 6.18% 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 -10.77% of loss for the given period.
Volatility was left at 5.05%, however, over the last 30 days, the volatility rate increased by 4.68%, as shares surge +7.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.69% upper at present.
During the last 5 trading sessions, EQX rose by +2.20%, which changed the moving average for the period of 200-days by +26.69% in comparison to the 20-day moving average, which settled at $5.38. In addition, Equinox Gold Corp saw 18.61% 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:
- 0.04 for the present operating margin
- 0.09 for the gross margin
The net margin for Equinox Gold Corp stands at 0.22. The total capital return value is set at 0.01. Equity return is now at value 8.80, with 4.60 for asset returns.
Based on Equinox Gold Corp (EQX), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is 0.57.
Currently, EBITDA for the company is 256.48 million with net debt to EBITDA at 5.18. When we switch over and look at the enterprise to sales, we see a ratio of 3.43. The receivables turnover for the company is 17.45for trailing twelve months and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.10.
Conclusion
In conclusion, Equinox Gold Corp (EQX) has seen better performance in recent times. Analysts have a bullish 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..
