How Have Hycroft Mining Holding Corporation (HYMC) Insiders Been Trading?

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Hycroft Mining Holding Corporation (NASDAQ:HYMC) traded with an addition of $0.02 to close at $0.50 on Thursday, an upside of 3.44 percent. An average of 1,927,116 shares of common stock have been traded in the last five days. There was a fall of -$0.0143 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 2,578,199 shares traded, while the 50-day average volume stands at 2,395,344.

HYMC stock has decreased by -35.43% in the last month. The company shares reached their 1-month lowest point of $0.4403 on 12/19/22. With the stock rallying to its 52-week high on 03/29/22, shares of the company touched a low of $0.28 and a high of $3.10 in 52 weeks. It has reached a new high 6 times so far this year and lost -21.38% or -$0.1113 in price. In spite of this, the price is down -83.90% from the 52-week high.


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Insider Transactions

HYMC stock investors should be aware that Hycroft Mining Holding Corporation (HYMC) stock had its last reported insider trading activity 15 days ago on Dec 14. In this transaction, the insider spent $154,452. 10% Owner, Mudrick Capital Management, L., disposed of 500,000 shares at a price of $0.50 on Dec 13. The insider now owns more than $251,850 worth of shares. Prior to that, 10% Owner Mudrick Capital Management, L. went on to Sale 500,000 shares at $0.52 each on Dec 12. An amount of $258,250 was transacted.

Valuation Metrics

Hycroft Mining Holding Corporation (HYMC) stock’s beta is 1.93. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.02, the price-to-book (PB) ratio at 1.27.

Financial Health

The quick ratio of Hycroft Mining Holding Corporation for the three months ended September 29 was 9.20, and the current ratio was 9.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.87 and a total debt to equity ratio of 1.90 for the quarter ending September 29. Its gross profit as reported stood at -$52.6 million compared to revenue of $110.73 million.

Earnings Surprise

For the three-month period that ended September 29, Hycroft Mining Holding Corporation had $142.51 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$15.85 million in the quarter, while revenues of -$8.98 million were shrunk -46.44%. The analyst consensus anticipated Hycroft Mining Holding Corporation’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be -$0.08, a -700.00% surprise. For the quarter, EBITDA amounted to -$11.6 million. Shareholders own equity worth $199.77 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Hycroft Mining Holding Corporation (HYMC) price momentum. RSI 9-day as of the close on 28 December was 42.39%, suggesting the stock is Neutral, with historical volatility in this time frame at 136.52%.

As of today, HYMC’s price is $0.5028 -2.77% or -$0.0143 from its 5-day moving average. HYMC is currently trading -30.25% lower than its 20-day SMA and -51.22% lower than its 100-day SMA. However, the stock’s current price level is -14.12% below the SMA50 and -66.95% below the SMA200.

The stochastic %K and %D were 40.63% and 42.38%, respectively, and the average true range (ATR) was 0.0530. With the 14-day stochastic at 41.51% and the average true range at 0.0551, the RSI (14) stands at 41.13%. The stock has reached -0.0022 on the 9-day MACD Oscillator while the 14-day reading was at -0.0036.

Analyst Ratings

Stifel launched coverage on Hycroft Mining Holding Corporation (NASDAQ: HYMC) in its analyst report released on October 23, 2020. The firm assigned the stock a Buy rating. The consensus rating for Hycroft Mining Holding Corporation (HYMC) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HYMC, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

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