Hycroft Mining Holding Corporation (NASDAQ:HYMC) finished Friday with a subtraction of -$0.01 to close at $0.33, a downside of -4.17 percent. An average of 1,644,100 shares of common stock have been traded in the last five days. There was a fall of -$0.0263 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,402,605 shares traded, while the 50-day average volume stands at 2,504,786.
HYMC stock has decreased by -23.51% in the last month. The company shares reached their 1-month lowest point of $0.3250 on 08/25/23. With the stock rallying to its 52-week high on 01/13/23, shares of the company touched a low of $0.28 and a high of $1.10 in 52 weeks. It has reached a new high 5 times so far this year and lost -37.87% or -$0.2015 in price. In spite of this, the price is down -69.95% 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 82 days ago on Jun 05. In this transaction, the insider spent $23,129. Executive Vice President & CFO, RIDEOUT STANTON K, disposed of 45,621 shares at a price of $0.34 on Jun 05. The insider now owns more than $15,602 worth of shares. Prior to that, Executive Vice President & CFO RIDEOUT STANTON K went on to Sale 2,100 shares at $0.34 each on May 31. An amount of $716 was transacted.
Valuation Metrics
Hycroft Mining Holding Corporation (HYMC) stock’s beta is 2.02. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.30, the price-to-book (PB) ratio at 1.74.
Financial Health
The quick ratio of Hycroft Mining Holding Corporation for the three months ended June 29 was 17.60, and the current ratio was 18.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.66 and a total debt to equity ratio of 3.72 for the quarter ending June 29. Hycroft Mining Holding Corporation’s EBITDA margin for the year ending June 29 is -149.63%. Its gross profit as reported stood at -$20.36 million compared to revenue of $33.23 million.
Earnings Surprise
For the three-month period that ended June 29, Hycroft Mining Holding Corporation had $137.53 million in total debt. The company posted a net income of -$13.94 million in the quarter, while revenues of -$15.85 million were shrunk -238.88%. The analyst consensus anticipated Hycroft Mining Holding Corporation’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be -$0.07, a -16.70% surprise. For the quarter, EBITDA amounted to -$10.86 million. Shareholders own equity worth $201.95 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 25 August was 33.03%, suggesting the stock is Neutral, with historical volatility in this time frame at 68.57%.
As of today, HYMC’s price is $0.3538 -7.37% or -$0.0263 from its 5-day moving average. HYMC is currently trading -26.16% lower than its 20-day SMA and -16.41% lower than its 100-day SMA. However, the stock’s current price level is +3.15% above the SMA50 and -54.53% below the SMA200.
The stochastic %K and %D were 13.99% and 16.98%, respectively, and the average true range (ATR) was 0.0304. With the 14-day stochastic at 5.89% and the average true range at 0.0313, the RSI (14) stands at 37.69%. The stock has reached -0.0047 on the 9-day MACD Oscillator while the 14-day reading was at -0.0215.
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”.
What is HYMC’s price target for the next 12 months?
Analysts predict a range of price targets between $13.00 and $13.00, with a median target of $13.00. Taking a look at these predictions, the average price target given by analysts for Hycroft Mining Holding Corporation (HYMC) stock is $13.00.
