i-80 Gold Corp (AMEX:IAUX) finished Wednesday with a subtraction of -$0.05 to close at $1.55, a downside of -3.13 percent. An average of 1,610,500 shares of common stock have been traded in the last five days. There was a fall of -$0.2200 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 1,698,390 shares traded, while the 50-day average volume stands at 1,559,276.
IAUX stock has decreased by -21.32% in the last month. The company shares reached their 1-month lowest point of $1.5300 on 09/27/23. With the stock rallying to its 52-week high on 01/04/23, shares of the company touched a low of $1.54 and a high of $3.18 in 52 weeks. It has reached a new high 2 times so far this year and lost -45.04% or -$1.2700 in price. In spite of this, the price is down -51.26% from the 52-week high.
Valuation Metrics
i-80 Gold Corp (IAUX) has a trailing price-to-earnings (P/E) ratio of 4.32. The stock’s beta is 1.30. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 48.96, the price-to-book (PB) ratio at 1.07.
Financial Health
The quick ratio of i-80 Gold Corp for the recent quarter was 1.29, and the current ratio was 1.66, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.39 and a total debt to equity ratio of 0.43 for the recent quarter. Its gross profit as reported stood at $8.1 million compared to revenue of $36.96 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at i-80 Gold Corp (IAUX) price momentum. RSI 9-day as of the close on 27 September was 22.42%, suggesting the stock is oversold, with historical volatility in this time frame at 42.10%.
As of today, IAUX’s price is $1.6200 -12.43% or -$0.2200 from its 5-day moving average. IAUX is currently trading -22.50% lower than its 20-day SMA and -41.06% lower than its 100-day SMA. However, the stock’s current price level is -32.02% below the SMA50 and -44.04% below the SMA200.
The stochastic %K and %D were 6.11% and 10.67%, respectively, and the average true range (ATR) was 0.0760. With the 14-day stochastic at 5.56% and the average true range at 0.0780, the RSI (14) stands at 27.17%. The stock has reached -0.1133 on the 9-day MACD Oscillator while the 14-day reading was at -0.1474.
Analyst Ratings
The consensus rating for i-80 Gold Corp (IAUX) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell IAUX, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 others rate it as a “buy”.
What is IAUX’s price target for the next 12 months?
Analysts predict a range of price targets between $3.33 and $5.19, with a median target of $3.81. Taking a look at these predictions, the average price target given by analysts for i-80 Gold Corp (IAUX) stock is $3.96.
