Ivanhoe Electric Inc (AMEX: IE) is -1.79% lower on its value in year-to-date trading and has touched a low of $6.31 and a high of $12.98 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 IE stock was last observed hovering at around $9.24 in the last trading session, with the day’s gains setting it 0.66%.
Currently trading at $9.90, the stock is 15.50% and 28.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.77 million and changing 7.14% at the moment leaves the stock 7.64% off its SMA200. IE registered -6.78% loss for a year compared to 6-month loss of -4.72%. The firm has a 50-day simple moving average (SMA 50) of $7.6308 and a 200-day simple moving average (SMA200) of $9.19815.
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The stock witnessed a 34.51% gain in the last 1 month and extending the period to 3 months gives it a -4.07%, and is 16.20% 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 4.97% over the week and 5.60% over the month.
Ivanhoe Electric Inc (IE) has around 244 employees, a market worth around $1.19B and $2.81M in sales. Profit margin for the company is -8095.94%. Distance from 52-week low is 56.89% and -23.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-63.67%).
The EPS is expected to grow by 33.22% this year
173.0 institutions hold shares in Ivanhoe Electric Inc (IE), with institutional investors hold 98.05% of the company’s shares. The shares outstanding are 120.03M, and float is at 72.94M with Short Float at 13.24%. Institutions hold 61.69% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 13.59 million shares valued at $127.48 million. The investor’s holdings represent 11.3023 of the IE Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 11.62 million shares valued at $108.95 million to account for 9.6597 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 6.68 million shares representing 5.5589 and valued at over $62.7 million, while SAILINGSTONE CAPITAL PARTNERS LLC holds 3.9292 of the shares totaling 4.72 million with a market value of $44.32 million.
Ivanhoe Electric Inc (IE) Insider Activity
The most recent transaction is an insider sale by Gibson Mark Andrew Stuart, the company’s Chief Geophysics Officer. SEC filings show that Gibson Mark Andrew Stuart sold 25,000 shares of the company’s common stock on May 20 ’24 at a price of $12.16 per share for a total of $0.3 million. Following the sale, the insider now owns 0.26 million shares.
Ivanhoe Electric Inc disclosed in a document filed with the SEC on May 16 ’24 that Gibson Mark Andrew Stuart (Chief Operating Officer) sold a total of 28,344 shares of the company’s common stock. The trade occurred on May 16 ’24 and was made at $12.45 per share for $0.35 million. Following the transaction, the insider now directly holds 0.3 million shares of the IE stock.
Still, SEC filings show that on May 17 ’24, Gibson Mark Andrew Stuart (Chief Operating Officer) disposed off 11,656 shares at an average price of $12.22 for $0.14 million. The insider now directly holds 290,272 shares of Ivanhoe Electric Inc (IE).
