As of Wednesday close, Hycroft Mining Holding Corporation’s (NASDAQ:HYMC) stock was up $0.01, moving up 2.64 percent to $0.36. The average number of shares traded per day over the past five days has been 1,478,800 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0159 fall in that time frame. In the last twenty days, the average volume was 1,384,180, while in the previous 50 days, it was 2,440,212.
Since last month, HYMC stock retreated -19.91%. Shares of the company fell to $0.3224 on 08/28/23, the lowest level in the past month. A 52-week high of $1.10 was reached on 01/13/23 after having rallying from a 52-week low of $0.28. Since the beginning of this year, HYMC’s stock price has dropped by -32.72% or -$0.1741, and marked a new high 5 times. However, the stock has declined by -67.45% since its 52-week high.
HYMC stock investors should be aware that Hycroft Mining Holding Corporation (HYMC) stock had its last reported insider trading activity 87 days ago on Jun 05. GARRETT DIANE R, the President & CEO of the company, disposed of 67,629 shares for $0.34 on Jun 05. It resulted in a $23,129 divestment by the insider. RIDEOUT STANTON K sold 45,621 shares at an average price of $0.34 on Jun 05. The insider now owns 1,099,177 shares following the transaction. On May 31, Executive Vice President & CFO RIDEOUT STANTON K sold 2,100 shares at $0.34 apiece. The transaction was valued at $716.
Valuation Metrics
The stock’s beta is 2.00. Besides these, the trailing price-to-sales (P/S) ratio of 3.73, the price-to-book (PB) ratio of 1.88.
Financial Health
In the three months ended June 30, Hycroft Mining Holding Corporation’s quick ratio stood at 17.60, while its current ratio was 18.00, 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 30 was 3.66, and the total debt-to-equity ratio was 3.72. On the profitability front, the trailing twelve-month gross margin is -18.90% percent. Based on annual data, HYMC earned -$20.36 million in gross profit and brought in $33.23 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 -24.40%. Return on equity (ROE) for the past 12 months was -101.20%.
In Hycroft Mining Holding Corporation’s quarter-end financial report for June 30, it reported total debt of $137.53 million. HYMC’s revenue fell -109.42% to $8.76 million during the quarter, while net income inched up to $11.47 million. While analysts expected Hycroft Mining Holding Corporation to report -$0.06 quarterly earnings, the actual figure was -$0.07 per share, beating the consensus estimate by -16.70%. During the quarter, the company generated -$10.86 million in EBITDA. The liabilities of Hycroft Mining Holding Corporation were 185.12 million at the end of its most recent quarter ended June 30, and its total debt was $139.88 million. The value of shareholders’ equity is $201.95 million.
Technical Picture
This quick technical analysis looks at Hycroft Mining Holding Corporation’s (HYMC) price momentum. With a historical volatility rate of 73.39%, the RSI 9-day stood at 46.45% on 30 August.
With respect to its five-day moving average, the current Hycroft Mining Holding Corporation price is down by -4.25% percent or -$0.0159. At present, HYMC shares trade -14.96% below its 20-day simple moving average and -23.34% percent below its 100-day simple moving average. However, the stock is currently trading approximately +11.42% above its SMA50 and -57.64% below its SMA200.
Stochastic coefficient K was 25.62% and Stochastic coefficient D was 15.48%, while ATR was 0.0298. Given the Stochastic reading of 40.64% for the 14-day period, the RSI (14) reading has been calculated as 45.60%.
Analyst Ratings
Stifel launched its rating on Hycroft Mining Holding Corporation (NASDAQ: HYMC) to a Buy in a note to investors on October 23, 2020. Hycroft Mining Holding Corporation (HYMC) has been rated Hold by analysts. According to 0 brokerage firms, HYMC is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Hycroft Mining Holding Corporation stock as buy, with 0 recommending it as overweight.
With a median target price of $13.00, the current consensus forecast for the stock is $13.00 – $13.00. Based on these forecasts, analysts predict Hycroft Mining Holding Corporation (HYMC) will achieve an average price target of $13.00.
