At the time of writing, Ivanhoe Electric Inc [IE] stock is trading at $6.41, up 3.72%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The IE shares have gain 8.46% over the last week, with a monthly amount drifted -4.47%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Ivanhoe Electric Inc [AMEX: IE] stock has seen the most recent analyst activity on October 17, 2023, when JP Morgan initiated its Overweight rating and assigned the stock a price target of $18. Previously, Scotiabank started tracking the stock with Sector Perform rating on December 22, 2022, and set its price target to $14. On September 28, 2022, Raymond James initiated with a Outperform rating and assigned a price target of $12 on the stock. JP Morgan started tracking the stock assigning a Neutral rating and suggested a price target of $12 on August 18, 2022. Jefferies initiated its recommendation with a Buy and recommended $13.50 as its price target on July 25, 2022. BMO Capital Markets started tracking with a Outperform rating for this stock on July 25, 2022, and assigned it a price target of $15.
For the past year, the stock price of Ivanhoe Electric Inc fluctuated between $5.76 and $12.98. Currently, Wall Street analysts expect the stock to reach $13.5 within the next 12 months. Ivanhoe Electric Inc [AMEX: IE] shares were valued at $6.41 at the most recent close of the market. An investor can expect a potential return of 110.61% based on the average IE price forecast.
Analyzing the IE fundamentals
According to Ivanhoe Electric Inc [AMEX:IE], the company’s sales were 3.24M for trailing twelve months, which represents an 180.75% jump. Gross Profit Margin for this corporation currently stands at -21.75% with Operating Profit Margin at -24.98%, Pretax Profit Margin comes in at -64.36%, and Net Profit Margin reading is -59.47%. To continue investigating profitability, this company’s Return on Assets is posted at -0.51, Equity is -0.62 and Total Capital is -0.24. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.34.
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 6.09 points at the first support level, and at 5.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.59, and for the 2nd resistance point, it is at 6.77.
Ratios To Look Out For
It is important to note that Ivanhoe Electric Inc [AMEX:IE] has a current ratio of 2.50. As well, the Quick Ratio is 2.50, while the Cash Ratio is 1.62. Considering the valuation of this stock, the price to sales ratio is 259.22, the price to book ratio is 3.09.
Transactions by insiders
Recent insider trading involved Gibson Mark Andrew Stuart, Chief Geophysics Officer, that happened on May 20 ’24 when 25000.0 shares were sold. Chief Operating Officer, Gibson Mark Andrew Stuart completed a deal on May 16 ’24 to sell 28344.0 shares. Meanwhile, Chief Operating Officer Gibson Mark Andrew Stuart sold 11656.0 shares on May 17 ’24.
