During the last session, Ivanhoe Electric Inc (AMEX:IE)’s traded shares were 0.66 million, with the beta value of the company hitting 0.73. At the end of the trading day, the stock’s price was $10.36, reflecting an intraday gain of 2.07% or $0.21. The 52-week high for the IE share is $12.98, that puts it down -25.29 from that peak though still a striking 39.09% gain since the share price plummeted to a 52-week low of $6.31. The company’s market capitalization is $1.25B, and the average intraday trading volume over the past 10 days was 0.43 million shares, and the average trade volume was 788.48K shares over the past three months.
Ivanhoe Electric Inc (IE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.17. IE has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
Ivanhoe Electric Inc (AMEX:IE) trade information
Ivanhoe Electric Inc (IE) registered a 2.07% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.07% in intraday trading to $10.36, hitting a weekly high. The stock’s 5-day price performance is -5.13%, and it has moved by 20.33% in 30 days. Based on these gigs, the overall price performance for the year is 0.39%. The short interest in Ivanhoe Electric Inc (AMEX:IE) is 8.94 million shares and it means that shorts have 10.43 day(s) to cover.
The consensus price target of analysts on Wall Street is $14.75, which implies an increase of 29.76% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14.5 and $15 respectively. As a result, IE is trading at a discount of -44.79% off the target high and -39.96% off the low.
Ivanhoe Electric Inc (IE) estimates and forecasts
Statistics show that Ivanhoe Electric Inc has outperformed its competitors in share price, compared to the industry in which it operates. Ivanhoe Electric Inc (IE) shares have gone down -3.72% during the last six months, with a year-to-date growth rate more than the industry average at 30.26% against 18.40. In the rating firms’ projections, revenue will increase 0.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 1M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 239k and 1.67M respectively. In this case, analysts expect current quarter sales to grow by 318.40% and then drop by -40.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -64.45%. While earnings are projected to return 33.22% in 2024.
IE Dividends
Ivanhoe Electric Inc is due to release its next quarterly earnings on 2024-Aug-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Ivanhoe Electric Inc (AMEX:IE)’s Major holders
Ivanhoe Electric Inc insiders own 37.08% of total outstanding shares while institutional holders control 61.90%, with the float percentage being 98.38%. BLACKROCK INC. is the largest shareholder of the company, while 174.0 institutions own stock in it. As of 2024-06-30, the company held over 13.59 million shares (or 11.3023% of all shares), a total value of $127.48 million in shares.
The next largest institutional holding, with 11.62 million shares, is of FMR LLC’s that is approximately 9.6597% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $108.95 million.
