A Look At Insider Reactions To Maverix Metals Inc. (MMX)

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As of Wednesday close, Maverix Metals Inc.’s (AMEX:MMX) stock traded at $4.04. The average number of shares traded per day over the past five days has been 172,520 shares. 4 times new highs have been achieved over the past 5 days, with a $0.17 gain in that time frame. In the last twenty days, the average volume was 289,225, while in the previous 50 days, it was 209,104.

Since last month, MMX stock rose 24.69%. Shares of the company fell to $3.04 on 11/03/22, the lowest level in the past month. A 52-week high of $5.45 was reached on 04/18/22 after having rallying from a 52-week low of $2.99. Since the beginning of this year, MMX’s stock price has dropped by -7.34% or -$0.32, and marked a new high 10 times. However, the stock has declined by -25.87% since its 52-week high.


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Valuation Metrics

Right now, Maverix Metals Inc. (MMX) has a P/E ratio of about 49.27. The stock’s beta is 0.69. Besides these, the trailing price-to-sales (P/S) ratio of 9.71, the price-to-book (PB) ratio of 1.59.

Financial Health

In the three months ended June 29, Maverix Metals Inc.’s quick ratio stood at 8.50, while its current ratio was 8.50, 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 June 29 was 0.12, and the total debt-to-equity ratio was 0.12. On the profitability front, the trailing twelve-month gross margin is 42.00% percent. In the year ended June 29, operating margins totaled 36.40%. Based on annual data, MMX earned $30.8 million in gross profit and brought in $57.53 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.80%. Return on equity (ROE) for the past 12 months was 3.30%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Maverix Metals Inc. to report $0.03 quarterly earnings, the actual figure was $0.03 per share. During the quarter, the company generated $10.2 million in EBITDA. The liabilities of Maverix Metals Inc. were 59.7 million at the end of its most recent quarter ended June 29, and its total debt was $12.5 million.

Technical Picture

This quick technical analysis looks at Maverix Metals Inc.’s (MMX) price momentum. With a historical volatility rate of 32.93%, the RSI 9-day stood at 67.49% on 23 November.

With respect to its five-day moving average, the current Maverix Metals Inc. price is up by +4.39% percent or $0.17. At present, MMX shares trade +21.69% above its 20-day simple moving average and -6.70% percent below its 100-day simple moving average. However, the stock is currently trading approximately +13.48% above its SMA50 and -5.16% below its SMA200.

Stochastic coefficient K was 96.10% and Stochastic coefficient D was 95.28%, while ATR was 0.14. Given the Stochastic reading of 98.86% for the 14-day period, the RSI (14) reading has been calculated as 65.03%. As of today, the MACD Oscillator reading stands at 0.05, while the 14-day reading stands at 0.16.

Analyst Ratings

Maverix Metals Inc. downgraded its rating on Maverix Metals Inc. (AMEX: MMX) to a Hold in a note to investors on November 16, 2022. The analysts firm previously had a Buy rating on the stock.Maverix Metals Inc. (MMX) has been rated Overweight by analysts. According to 0 brokerage firms, MMX is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Maverix Metals Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $5.06, the current consensus forecast for the stock is $3.92 – $6.50. Based on these forecasts, analysts predict Maverix Metals Inc. (MMX) will achieve an average price target of $4.99.

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