Maverix Metals Inc. (AMEX: MMX) is -3.67% lower on its value in year-to-date trading and has touched a low of $3.83 and a high of $5.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MMX stock was last observed hovering at around $4.07 in the last trading session, with the day’s gains setting it 0.13% off its average median price target of $6.72 for the next 12 months. It is also 43.93% off the consensus price target high of $7.49 offered by 9 analysts, but current levels are 18.92% higher than the price target low of $5.18 for the same period.
Currently trading at $4.20, the stock is -2.91% and -3.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing 3.19% at the moment leaves the stock -8.65% off its SMA200. MMX registered -20.75% loss for a year compared to 6-month gain of -3.67%. The firm has a 50-day simple moving average (SMA 50) of $10.37 and a 200-day simple moving average (SMA200) of $15.26.
The stock witnessed a -4.33% loss in the last 1 month and extending the period to 3 months gives it a -20.45%, and is 2.19% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.65% over the week and 5.66% over the month.
Maverix Metals Inc. (MMX) has around 9 employees, a market worth around $599.72M and $59.10M in sales. Current P/E ratio is 48.84 and Fwd P/E is 25.45. Profit margin for the company is 21.70%. Distance from 52-week low is 9.66% and -22.94% from its 52-week high. The company has generated returns on investments over the last 12 months (3.80%).
Maverix Metals Inc. (MMX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Maverix Metals Inc. (MMX) is a “Overweight”. 9 analysts offering their recommendations for the stock have an average rating of 2.50, where 2 rate it as a Hold and 1 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Maverix Metals Inc. is expected to release its quarterly report on 11/15/2022.The EPS is expected to shrink by -7.60% this year.
Maverix Metals Inc. (MMX) Top Institutional Holders
The shares outstanding are 146.90M, and float is at 67.59M with Short Float at 1.60%.
Maverix Metals Inc. (MMX) Insider Activity
A total of 70 insider transactions have happened at Maverix Metals Inc. (MMX) in the last six months, with sales accounting for 55 and purchases happening 15 times.