The stock of Hycroft Mining Holding Corporation (NASDAQ:HYMC) decreased by -$0.01 on Wednesday to $0.35, down -1.26 percent. The last five days have seen an average of 1,190,190 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$0.1815. The average number of shares traded over the last 20 days was 1,753,403, while the average volume over the last 50 days totaled 2,594,195.
HYMC stock dropped -19.93% since last month. On 08/16/23, the company’s shares reached a one-month low of $0.3428. The stock touched a high of $1.10 on 01/13/23, after rallying from a low of $0.28 in 52 weeks. The price of HYMC stock has declined by -33.79% or -$0.1815 this year, reaching a new high 5 times. Still, the stock price is down -67.97% from the 52-week high.
Insider Transactions
HYMC stock investors should be aware that Hycroft Mining Holding Corporation (HYMC) stock had its last reported insider trading activity 72 days ago on Jun 05. On Jun 05, President & CEO GARRETT DIANE R sold 67,629 shares at $0.34 each. This transaction resulted in the insider making $23,129. On Jun 05, RIDEOUT STANTON K sold 45,621 shares at a price of US$0.34. After the transaction, the insider now owns 1,099,177 shares. Executive Vice President & CFO RIDEOUT STANTON K had earlier sold 2,100 shares on May 31 for $0.34 a share. The transaction was completed for $716.
Valuation Metrics
Beta for the stock is 2.01. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.48, the price-to-book (PB) ratio of 1.85.
Financial Health
For the three months ended June 29, Hycroft Mining Holding Corporation’s quick ratio was 17.60, while its current ratio was 18.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 3.66, and the total debt to equity ratio is 3.72. As far as profitability goes, gross margin for the trailing twelve months is -18.90% percent. Based on annual data, it had gross profit of -$20.36 million and revenue of $33.23 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HYMC’s return on assets (ROA) during the last 12 months has been -23.50%. There was a -24.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -101.20%.
Earnings Surprise
According to Hycroft Mining Holding Corporation’s quarterly financial report for the quarter that ended June 29. Net income for the quarter came in at $11.47 million, while revenues fell by -109.42% to $8.76 million. It was predicted that Hycroft Mining Holding Corporation’s quarterly earnings would be -$0.07, but it ended up being -$0.06, beating the consensus by -16.70%. EBITDA was -$10.86 million for the quarter. At the end of Hycroft Mining Holding Corporation’s most recent quarter ended June 29, its liabilities totaled 185.12 million, while its total debt was $139.88 million. Equity owned by shareholders amounts to $201.95 million.
Technical Picture
Here’s a quick look at Hycroft Mining Holding Corporation’s (HYMC) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 30.55%, suggesting the stock is Neutral, with a 62.87% historical volatility rate.
The stochastic %K and %D were 6.60% and 11.95% respectively, while the average true range (ATR) was 0.0330. Based on the 14-day stochastic reading of 6.81%, the RSI (14) reading is 38.28%. On the 9-day MACD Oscillator, the stock is at -0.0330, and the 14-day reading is at -0.0483.
Analyst Ratings
In its analyst report released on October 23, 2020, Stifel began covering Hycroft Mining Holding Corporation (NASDAQ: HYMC). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Hycroft Mining Holding Corporation (HYMC) an Hold rating. HYMC is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is HYMC’s price target for the next 12 months?
The current consensus forecast for the stock is between $13.00 and $13.00, with a median target price of $13.00. In analyzing these forecasts, the average price target given by analysts for Hycroft Mining Holding Corporation (HYMC) is $13.00.
