Endeavour Silver Corp. (EXK) Price Target: Is It Set To Rise Or Fall In Price?

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RTX Stock
RTX Stock

Endeavour Silver Corp. (NYSE:EXK) finished Wednesday with an addition of $0.03 to close at $2.99, an upside of 1.01 percent. An average of 2,391,400 shares of common stock have been traded in the last five days. There was a fall of -$0.08 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 1,957,255 shares traded, while the 50-day average volume stands at 2,143,782.

EXK stock has decreased by -2.61% in the last month. The company shares reached their 1-month lowest point of $2.72 on 09/01/22. With the stock rallying to its 52-week high on 04/18/22, shares of the company touched a low of $2.72 and a high of $5.95 in 52 weeks. It has reached a new high 13 times so far this year and lost -29.15% or -$1.23 in price. In spite of this, the price is down -49.75% from the 52-week high.


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Valuation Metrics

Endeavour Silver Corp. (EXK) stock’s beta is 1.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.23, the price-to-book (PB) ratio at 1.92.

Financial Health

The quick ratio of Endeavour Silver Corp. for the three months ended June 29 was 4.10, 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 0.03 and a total debt to equity ratio of 0.05 for the quarter ending June 29. Its gross profit as reported stood at $75.72 million compared to revenue of $165.32 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 -1.60%.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$48.07 million in the quarter, while revenues were grew 74.12%. The analyst consensus anticipated Endeavour Silver Corp.’s latest quarter earnings to come in at $0.03 per share, but it turned out to be -$0.07, a -333.30% surprise. For the quarter, EBITDA amounted to $2.98 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 21 September was 46.22%, suggesting the stock is Neutral, with historical volatility in this time frame at 58.26%.

As of today, EXK’s price is $2.99 -2.61% or -$0.08 from its 5-day moving average. EXK is currently trading -6.85% lower than its 20-day SMA and -23.14% lower than its 100-day SMA. However, the stock’s current price level is -3.24% below the SMA50 and -28.30% below the SMA200.

The stochastic %K and %D were 46.89% and 48.02%, respectively, and the average true range (ATR) was 0.17. With the 14-day stochastic at 45.76% and the average true range at 0.17, the RSI (14) stands at 45.65%. The stock has reached -0.05 on the 9-day MACD Oscillator while the 14-day reading was at 0.02.

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