Harmony Gold Mining Co Ltd ADR (HMY) Stock: Navigating the Market Volatility

In the past week, HMY stock has gone up by 23.11%, with a monthly gain of 17.01% and a quarterly surge of 32.45%. The volatility ratio for the week is 3.83%, and the volatility levels for the last 30 days are 3.36% for Harmony Gold Mining Co Ltd ADR The simple moving average for the last 20 days is 15.69% for HMY’s stock, with a simple moving average of 40.42% for the last 200 days.

Is It Worth Investing in Harmony Gold Mining Co Ltd ADR (NYSE: HMY) Right Now?

Harmony Gold Mining Co Ltd ADR (NYSE: HMY) has a price-to-earnings ratio that is above its average at 16.52x. The stock has a 36-month beta value of 1.79. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 1 as “sell.”

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The public float for HMY is 634.62M, and at present, short sellers hold a 1.49% of that float. On October 22, 2024, the average trading volume of HMY was 4.21M shares.

HMY) stock’s latest price update

Harmony Gold Mining Co Ltd ADR (NYSE: HMY)’s stock price has soared by 2.21 in relation to previous closing price of 11.78. Nevertheless, the company has seen a gain of 23.11% in its stock price over the last five trading days. zacks.com reported 2024-10-16 that Harmony Gold (HMY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.

HMY Trading at 19.00% from the 50-Day Moving Average

After a stumble in the market that brought HMY to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 1.69% of gains for the given period.

Volatility was left at 3.36%, however, over the last 30 days, the volatility rate increased by 3.83%, as shares surge +14.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.74% upper at present.

During the last 5 trading sessions, HMY rose by +23.11%, which changed the moving average for the period of 200-days by +101.68% in comparison to the 20-day moving average, which settled at $10.41. In addition, Harmony Gold Mining Co Ltd ADR saw 95.77% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for HMY

Current profitability levels for the company are sitting at:

  • 0.19 for the present operating margin
  • 0.35 for the gross margin

The net margin for Harmony Gold Mining Co Ltd ADR stands at 0.14. The total capital return value is set at 0.01. Equity return is now at value 22.54, with 14.48 for asset returns.

Based on Harmony Gold Mining Co Ltd ADR (HMY), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 14.64.

Currently, EBITDA for the company is 7.98 billion with net debt to EBITDA at -0.07. When we switch over and look at the enterprise to sales, we see a ratio of 2.29. The receivables turnover for the company is 1.01for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.

Conclusion

To sum up, Harmony Gold Mining Co Ltd ADR (HMY) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.

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