The stock price of POSCO Holdings Inc ADR (NYSE: PKX) has dropped by -3.89 compared to previous close of 45.47. Despite this, the company has seen a fall of -2.32% in its stock price over the last five trading days. accesswire.com reported 2024-11-21 that Companies enter into a Memorandum of Understanding (MOU) to develop a commercial partnership for rare earth element refining, recycling and offtake ReElement will utilize its proprietary technology for rare-earth magnet recycling and ore purification to produce magnet-grade rare earth oxides to power POSCO’s magnet manufacturing FISHERS, IN / ACCESSWIRE / November 21, 2024 / American Resources Corporation (NASDAQ:AREC) (“American Resources” or the “Company”) announced today that its wholly owned subsidiary, ReElement Technologies Corporation (“ReElement”), a leading provider of high-performance refining capacity for rare earth and critical battery elements, has signed a Memorandum of Understanding (MOU) with POSCO International (“POSCO”). This collaboration will integrate ReElement’s efficient magnet recycling and rare earth ore refining processes into POSCO’s global rare earth magnet manufacturing network.
Is It Worth Investing in POSCO Holdings Inc ADR (NYSE: PKX) Right Now?
The price-to-earnings ratio for POSCO Holdings Inc ADR (NYSE: PKX) is 15.99x, which is above its average ratio. Moreover, the 36-month beta value for PKX is 1.39. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PKX is 302.48M and currently, short sellers hold a 0.35% of that float. On December 27, 2024, PKX’s average trading volume was 351.02K shares.
PKX’s Market Performance
The stock of POSCO Holdings Inc ADR (PKX) has seen a -2.32% decrease in the past week, with a -19.61% drop in the past month, and a -39.87% fall in the past quarter. The volatility ratio for the week is 1.44%, and the volatility levels for the past 30 days are at 1.63% for PKX. The simple moving average for the past 20 days is -7.10% for PKX’s stock, with a -33.03% simple moving average for the past 200 days.
PKX Trading at -18.34% from the 50-Day Moving Average
After a stumble in the market that brought PKX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.94% of loss for the given period.
Volatility was left at 1.63%, however, over the last 30 days, the volatility rate increased by 1.44%, as shares sank -18.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.00% lower at present.
During the last 5 trading sessions, PKX fell by -2.32%, which changed the moving average for the period of 200-days by -48.69% in comparison to the 20-day moving average, which settled at $47.04. In addition, POSCO Holdings Inc ADR saw -54.05% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PKX
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.3 for the gross margin
The net margin for POSCO Holdings Inc ADR stands at 0.02. The total capital return value is set at 0.03. Equity return is now at value 2.34, with 1.26 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.95.
Conclusion
To wrap up, the performance of POSCO Holdings Inc ADR (PKX) has been bad 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.
