Equinox Gold Corp (AMEX: EQX)’s stock price has gone rise by 3.99 in comparison to its previous close of 5.52, however, the company has experienced a 3.61% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-11-07 that Equinox Gold Corp. (EQX) Q3 2024 Earnings Conference Call Transcript
Is It Worth Investing in Equinox Gold Corp (AMEX: EQX) Right Now?
Equinox Gold Corp (AMEX: EQX) has a price-to-earnings ratio that is above its average at 11.89x. The stock has a 36-month beta value of 1.29. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for EQX is 380.83M, and at present, short sellers hold a 4.08% of that float. On December 03, 2024, the average trading volume of EQX was 3.94M shares.
EQX’s Market Performance
EQX’s stock has seen a 3.61% increase for the week, with a 5.51% rise in the past month and a 6.30% gain in the past quarter. The volatility ratio for the week is 2.63%, and the volatility levels for the past 30 days are at 3.82% for Equinox Gold Corp The simple moving average for the past 20 days is 4.64% for EQX’s stock, with a 4.27% simple moving average for the past 200 days.
EQX Trading at 0.58% 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 -11.69% of loss for the given period.
Volatility was left at 3.82%, however, over the last 30 days, the volatility rate increased by 2.63%, as shares surge +5.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.63% lower at present.
During the last 5 trading sessions, EQX rose by +2.89%, which changed the moving average for the period of 200-days by +23.91% in comparison to the 20-day moving average, which settled at $5.48. In addition, Equinox Gold Corp saw 17.38% 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:
- 0.09 for the present operating margin
- 0.14 for the gross margin
The net margin for Equinox Gold Corp stands at 0.2. The total capital return value is set at 0.02. Equity return is now at value 8.72, with 4.41 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 0.16. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is 1.52.
Currently, EBITDA for the company is 291.09 million with net debt to EBITDA at 4.56. When we switch over and look at the enterprise to sales, we see a ratio of 3.15. The receivables turnover for the company is 19.3for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
Conclusion
To sum up, Equinox Gold Corp (EQX) 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’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.
