SSR Mining Inc (NASDAQ: SSRM) has experienced a decline in its stock price by -0.16 compared to its previous closing price of 6.24. However, the company has seen a gain of 8.54% in its stock price over the last five trading days. zacks.com reported 2024-10-16 that The P/B ratio helps to identify low-priced stocks with high growth prospects. SSRM, KBH, PSFE, JD and PEB are some such stocks.
Is It Worth Investing in SSR Mining Inc (NASDAQ: SSRM) Right Now?
Moreover, the 36-month beta value for SSRM is 0.74. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for SSRM is 199.93M and currently, short sellers hold a 4.24% of that float. On October 22, 2024, SSRM’s average trading volume was 2.05M shares.
SSRM’s Market Performance
SSRM stock saw an increase of 8.54% in the past week, with a monthly gain of 3.83% and a quarterly increase of 16.01%. The volatility ratio for the week is 4.53%, and the volatility levels for the last 30 days are 3.97% for SSR Mining Inc (SSRM). The simple moving average for the past 20 days is 6.71% for SSRM’s stock, with a 9.40% simple moving average for the past 200 days.
Analysts’ Opinion of SSRM
Many brokerage firms have already submitted their reports for SSRM stocks, with UBS repeating the rating for SSRM by listing it as a “Neutral.” The predicted price for SSRM in the upcoming period, according to UBS is $5 based on the research report published on February 22, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see SSRM reach a price target of $3, previously predicting the price at $6. The rating they have provided for SSRM stocks is “Underperform” according to the report published on February 20th, 2024.
RBC Capital Mkts gave a rating of “Sector Perform” to SSRM, setting the target price at $6 in the report published on February 15th of the current year.
SSRM Trading at 12.44% from the 50-Day Moving Average
After a stumble in the market that brought SSRM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -57.11% of loss for the given period.
Volatility was left at 3.97%, however, over the last 30 days, the volatility rate increased by 4.53%, as shares surge +9.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +37.22% upper at present.
During the last 5 trading sessions, SSRM rose by +8.54%, which changed the moving average for the period of 200-days by -41.00% in comparison to the 20-day moving average, which settled at $5.84. In addition, SSR Mining Inc saw -42.10% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SSRM starting from Ebbett John, who sale 2,076 shares at the price of $4.52 back on Mar 07 ’24. After this action, Ebbett John now owns 30,205 shares of SSR Mining Inc, valued at $9,384 using the latest closing price.
Stock Fundamentals for SSRM
Current profitability levels for the company are sitting at:
- -0.1 for the present operating margin
- 0.07 for the gross margin
The net margin for SSR Mining Inc stands at -0.3. The total capital return value is set at -0.03. Equity return is now at value -14.33, with -8.80 for asset returns.
Based on SSR Mining Inc (SSRM), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 1.24. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is -25.28.
Currently, EBITDA for the company is 505.54 million with net debt to EBITDA at -0.13. When we switch over and look at the enterprise to sales, we see a ratio of 0.99. The receivables turnover for the company is 11.16for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.54.
Conclusion
To wrap up, the performance of SSR Mining Inc (SSRM) has been mixed in recent times. The stock has received a bullish of “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.
