Hycroft Mining Holding Corporation (HYMC) Shares: Cheap or Risky?

Hycroft Mining Holding Corporation (NASDAQ:HYMC) saw a downside of -4.83% to close Tuesday at $0.35 after subtracting -$0.02 on the day. The 5-day average trading volume is 1,231,520 shares of the company’s common stock. It has gained $0.3749 in the past week and touched a new high 2 times within the past 5 days. An average of 1,470,600 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,524,888.

HYMC’s 1-month performance is -19.36% or -$0.1170 on its low of $0.3407 reached on 08/16/23. The company’s shares have touched a 52-week low of $0.28 and high of $1.10, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, HYMC has lost -34.07% or -$0.1813 and has reached a new high 5 times. However, the current price is down -68.11% from the 52-week high price.

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Insider Transactions

HYMC stock investors last saw insider trading activity on Jun 05.GARRETT DIANE R (President & CEO) most recently sold 67,629 shares at $0.34 per share on Jun 05. This transaction cost the insider $23,129. Executive Vice President & CFO, RIDEOUT STANTON K, sold 45,621 shares at a price of $0.34 on Jun 05. Then, on May 31, Executive Vice President & CFO RIDEOUT STANTON K sold 2,100 shares at a price of $0.34 per share. This transaction amounted to $716.

Valuation Metrics

HYMC stock has a beta of 2.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.50 while the price-to-book (PB) in the most recent quarter is 1.85.

Hycroft Mining Holding Corporation’s quick ratio for the period ended June 29 was 17.60, with the current ratio over the same period at 18.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 3.66, while the total debt to equity was 3.72.. In terms of profitability, the gross margin trailing 12 months is -18.90%. The trailing 12-month EBITDA margin is -149.63%. The firm’s gross profit as reported stood at -$20.36 million against revenue of $33.23 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income shrunk -238.88% to -$13.94 million, while revenue of -$15.85 million was -13.7% off the previous quarter. Analysts expected HYMC to announce -$0.06 per share in earnings in its latest quarter, but it posted -$0.07, representing a -16.70% surprise. EBITDA for the quarter stood at more than -$10.86 million. HYMC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 185.12 million, with total debt at $139.88 million. Shareholders hold equity totaling $201.95 million.

Let’s look briefly at Hycroft Mining Holding Corporation (HYMC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 34.22% to suggest the stock is trending Neutral, with historical volatility in this time period at 58.50%.

The stock’s 5-day moving average is $0.3569, reflecting a -1.68% or -$0.0060 change from its current price. HYMC is currently trading -24.59% above its 20-day SMA, -12.32% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +9.49% and SMA200 by-46.11%.

Stochastic %K and %D was 16.54% and 15.70% and the average true range (ATR) pointed at 0.0298. The RSI (14) points at 39.62%, while the 14-day stochastic is at 9.32% with the period’s ATR at 0.0310. The stock’s 9-day MACD Oscillator is pointing at -0.0116 and -0.0275 on the 14-day charts.