Hycroft Mining Holding Corporation (HYMC) Is A Stock You Should Watch

As of Thursday close, Hycroft Mining Holding Corporation’s (NASDAQ:HYMC) stock was up $0.04, moving up 3.51 percent to $1.18. The average number of shares traded per day over the past five days has been 13,226,420 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.4300 fall in that time frame. In the last twenty days, the average volume was 18,506,020, while in the previous 50 days, it was 69,969,734.

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Since last month, HYMC stock retreated -41.00%. Shares of the company fell to $1.0000 on 05/12/22, the lowest level in the past month. A 52-week high of $4.37 was reached on 03/29/22 after having rallying from a 52-week low of $0.28. Since the beginning of this year, HYMC’s stock price has risen by 92.28% or $0.5663, and marked a new high 6 times. However, the stock has declined by -73.00% since its 52-week high.

Hycroft Mining Holding Corporation (HYMC) last reported insider trading activity 66 days ago on Mar 08. WHITEBOX ADVISORS LLC, the 10% Owner of the company, disposed of 7,817,401 shares for $0.92 on Mar 08. It resulted in a $7,228,751 divestment by the insider. WHITEBOX ADVISORS LLC sold 38,299 shares at an average price of $1.04 on Nov 12. The insider now owns 8,552,518 shares following the transaction. On Nov 11, 10% Owner WHITEBOX ADVISORS LLC sold 81,125 shares at $1.06 apiece. The transaction was valued at $85,733.

Valuation Metrics

The stock’s beta is 1.86. Besides these, the trailing price-to-sales (P/S) ratio of 2.20, the price-to-book (PB) ratio of 0.97.

Financial Health

In the three months ended September 29, Hycroft Mining Holding Corporation’s quick ratio stood at 11.70, while its current ratio was 12.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.38, and the total debt-to-equity ratio was 1.41. On the profitability front, the trailing twelve-month gross margin is -35.00% percent. Based on annual data, HYMC earned -$52.6 million in gross profit and brought in $110.73 million in revenue.

In Hycroft Mining Holding Corporation’s quarter-end financial report for September 29, it reported total debt of $137.38 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HYMC’s revenue fell -107.63% to $24.02 million during the quarter, while net income inched up to $9.17 million. While analysts expected Hycroft Mining Holding Corporation to report -$0.19 quarterly earnings, the actual figure was -$0.37 per share, beating the consensus estimate by -94.70%. During the quarter, the company generated -$11.1 million in EBITDA. The liabilities of Hycroft Mining Holding Corporation were 194.07 million at the end of its most recent quarter ended September 29, and its total debt was $158.93 million. The value of shareholders’ equity is $197.03 million.

Technical Picture

This quick technical analysis looks at Hycroft Mining Holding Corporation’s (HYMC) price momentum. With a historical volatility rate of 152.74%, the RSI 9-day stood at 35.60% on 12 May.

With respect to its five-day moving average, the current Hycroft Mining Holding Corporation price is down by -26.71% percent or -$0.4300. At present, HYMC shares trade -45.87% below its 20-day simple moving average and +70.96% percent above its 100-day simple moving average. However, the stock is currently trading approximately +292.03% above its SMA50 and -50.63% below its SMA200.

Stochastic coefficient K was 10.02% and Stochastic coefficient D was 10.88%, while ATR was 0.2293. Given the Stochastic reading of 20.22% for the 14-day period, the RSI (14) reading has been calculated as 40.09%. As of today, the MACD Oscillator reading stands at -0.1611, while the 14-day reading stands at -0.2000.

Analyst Ratings

Stifel launched its rating on Hycroft Mining Holding Corporation (NASDAQ: HYMC) to a Buy in a note to investors on October 23, 2020. Hycroft Mining Holding Corporation (HYMC) has been rated Hold by analysts. According to 0 brokerage firms, HYMC is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Hycroft Mining Holding Corporation stock as buy, with 0 recommending it as overweight.

With a median target price of $13.00, the current consensus forecast for the stock is $13.00 – $13.00. Based on these forecasts, analysts predict Hycroft Mining Holding Corporation (HYMC) will achieve an average price target of $13.00.


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