How have Maverix Metals Inc. (MMX)’s performance and profitability changed over the time?

Currently, Maverix Metals Inc. [MMX] is trading at $4.04, saw in change for the day. An important factor to consider is whether the stock is rising or falling in short-term value. The MMX shares have gain 4.39% over the last week, with a monthly amount glided 24.69%, and seem to be holding up well over a long-time horizon.

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On 15, November 2022, MAVERIX ANNOUNCES THIRD QUARTER 2022 RESULTS AND DECLARES QUARTERLY DIVIDEND. In a post published today on Yahoo Finance, All amounts are in U.S. dollars unless otherwise indicated.

From an analyst’s perspective:

Maverix Metals Inc. [AMEX: MMX] stock has seen the most recent analyst activity on November 16, 2022, when Stifel downgraded its rating to a Hold. Previously, BMO Capital Markets downgraded its rating to Market Perform on November 11, 2022, and dropped its price target to $4. On May 20, 2021, upgrade upgraded it’s rating to Buy. Canaccord Genuity downgraded its rating to a Hold. BMO Capital Markets initiated its recommendation with a Outperform and recommended $6.50 as its price target on September 17, 2020. In a note dated December 03, 2019, Cantor Fitzgerald upgraded an Overweight rating on this stock.

This stock has fluctuated between a low of $2.99 and a high of $5.45 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $4.99 within the next 12 months. Maverix Metals Inc. [AMEX: MMX] shares were valued at $4.04 at the most recent close of the market. An investor can expect a potential return of 23.51% based on the average MMX price forecast.

Analyzing the MMX fundamentals

Recent quarter sales for Maverix Metals Inc. [AMEX:MMX] were 21.3 billion which represents 19.00% growth. Gross Margin for this corporation currently stands at +53.27% with Operating Margin at +37.11%, Pretax Margin comes in at +60.08%, and Net Margin reading is +41.84%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.00 points at the first support level, and at 3.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.07, and for the 2nd resistance point, it is at 4.09.

Maverix Metals Inc. [MMX] reported earnings per share of $0.03 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.03/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.04 per share as compared to estimates of $0.03 per share, a difference of $0.01 representing a surprise of 33.30%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Maverix Metals Inc. [AMEX:MMX] is 8.50. On the other hand, the Quick Ratio is 12.46, and the Cash Ratio is 6.79. Considering the valuation of this stock, the price to sales ratio is 11.44, the price to book ratio is 1.72 and the P/E (TTM) ratio is 49.27.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 1 insider purchases totaling 10,000 shares and 0 insider sales totaling 0 shares over the past 3 months.