Technicals Say Endeavour Silver Corp. (EXK) Is A Hold

Endeavour Silver Corp. (NYSE:EXK) finished Wednesday with an addition of $0.29 to close at $4.65, an upside of 6.65 percent. An average of 2,857,480 shares of common stock have been traded in the last five days. There was a gain of $0.63 in the past week. The last 20 days have seen an average of 2,537,160 shares traded, while the 50-day average volume stands at 2,396,384.

EXK stock has decreased by -0.43% in the last month. The company shares reached their 1-month lowest point of $3.83 on 10/05/21. With the stock rallying to its 52-week high on 06/01/21, shares of the company touched a low of $2.98 and a high of $7.76 in 52 weeks. In spite of this, the price is down -40.08% from the 52-week high.

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Valuation Metrics

Endeavour Silver Corp. (EXK) has a trailing price-to-earnings (P/E) ratio of 19.14, which compares with the 20.90 for the broader industry and 13.61 for the sector. In the last five years, Endeavour Silver Corp.’s PE ratio has ranged between 525.38 and 15.62. The stock’s beta is 1.34. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.33, the price-to-book (PB) ratio at 3.25, and the price-to-cash flow ratio at 44.92.

The quick ratio of Endeavour Silver Corp. for the three months ended June 29 was 4.40, and the current ratio was 5.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.02 and a total debt to equity ratio of 0.04 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 24.10% against a 5-year average of 10.2%. Endeavour Silver Corp.’s EBITDA margin for the year ending June 29 is 23.52%, while its operating margin for the same period stands at 15.40%. Its gross profit as reported stood at $64.36 million compared to revenue of $138.46 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Endeavour Silver Corp.’s return on assets was 16.80%, compared to -5.3% over the last five years. In the past year, the return on investment has been 0.80%, and the 5-year average is -6.0%. Meanwhile, the return on equity (ROE) for the past 12 months has been 21.20% and the 5-year average holds at -6.5%. For the broader industry, ROE averaged -13.62 over the past year.

Earnings Surprise

The analyst consensus anticipated Endeavour Silver Corp.’s latest quarter earnings to come in at $0.04 per share, but it turned out to be $0.01, a -75.00% surprise. For the quarter, EBITDA amounted to $7.55 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Endeavour Silver Corp. (EXK) price momentum. RSI 9-day as of the close on 13 October was 71.21%, suggesting the stock is Overbought, with historical volatility in this time frame at 37.35%.

As of today, EXK’s price is $4.32 +15.67% or $0.63 from its 5-day moving average. EXK is currently trading -0.21% lower than its 20-day SMA and -33.85% lower than its 100-day SMA. However, the stock’s current price level is -11.76% below the SMA50 and +0.22% above the SMA200.

The stochastic %K and %D were 74.23% and 64.41%, respectively, and the average true range (ATR) was 0.24. With the 14-day stochastic at 85.94% and the average true range at 0.23, the RSI (14) stands at 61.37%. The stock has reached 0.22 on the 9-day MACD Oscillator while the 14-day reading was at 0.23.

Analyst Ratings

CIBC upgraded Endeavour Silver Corp. (NYSE: EXK) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a a Sector underperform.The consensus rating for Endeavour Silver Corp. (EXK) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EXK, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.

What is EXK’s price target for the next 12 months?

Analysts predict a range of price targets between $4.20 and $7.00, with a median target of $5.97. Taking a look at these predictions, the average price target given by analysts for Endeavour Silver Corp. (EXK) stock is $5.72.


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