Ivanhoe Electric Inc (AMEX: IE) is 4.37% higher on its value in year-to-date trading and has touched a low of $7.29 and a high of $16.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IE stock was last observed hovering at around $10.39 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $10.52, the stock is 6.35% and 18.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.76 million and changing 1.25% at the moment leaves the stock -7.41% off its SMA200. IE registered -16.77% loss for a year compared to 6-month loss of -9.47%.
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The stock witnessed a 20.09% gain in the last 1 month and extending the period to 3 months gives it a 27.05%, and is 1.74% 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 4.38% over the week and 4.87% over the month.
Ivanhoe Electric Inc (IE) has around 244 employees, a market worth around $1.27B and $3.90M in sales. Profit margin for the company is -5108.30%. Distance from 52-week low is 44.31% and -37.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-45.31%).
The EPS is expected to grow by 62.44% this year
The shares outstanding are 120.03M, and float is at 70.69M with Short Float at 5.66%.
Ivanhoe Electric Inc (IE) Insider Activity
The most recent transaction is an insider purchase by Kuntz Glen Nickolas, the company’s SVP, Mine Development. SEC filings show that Kuntz Glen Nickolas bought 1,342 shares of the company’s common stock on Mar 06 ’24 at a price of $8.23 per share for a total of $11045.0. Following the purchase, the insider now owns 3042.0 shares.
Ivanhoe Electric Inc disclosed in a document filed with the SEC on Mar 01 ’24 that Markin Quentin () bought a total of 20,000 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $7.45 per share for $0.15 million. Following the transaction, the insider now directly holds 69950.0 shares of the IE stock.
Still, SEC filings show that on Feb 29 ’24, Boyd Graham Richard Thomas (Senior VP, Exploration) acquired 4,000 shares at an average price of $7.44 for $29760.0. The insider now directly holds 6,510 shares of Ivanhoe Electric Inc (IE).
