Gold Resource Corporation (NYSE:GORO) is one of the stocks that are taking the center stage today as the company shares are trading 2.95% or 0.11 points lower from last closing price of $3.73, reaching $3.62 at last check. So what’s going on with GORO shares anyway? The price has dropped in 3 of the last 5 days and is up 19.17% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -335,033 shares, and in total 429267 shares valued at $1.554 million were seen changing hands compared with 764300 shares valued at $2.851 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the GORO stock is near its bottom.
Gold Resource Corporation (GORO) shares have notched a 3-month gain of about 19.17%, but has still tumbled -6.75% year to date. By comparison, the stock sank -24.49% over the past 12 months, while it jumped 16.56% over the 1 month. The company’s market cap is around $245.36M, with its short interest ratio standing at 3.7%.
In the current trading session for GORO, the stock witnessed two major price actions, it rose to a high of $3.8465 and was down as much as $3.57 at one point. The high recorded is very low when compared to their 52-week high which is $2.73. The 52-week high is now at -44.08 distance from current price. Their recent low of $6.42 represents a 31.5% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for GORO is $7.25, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Gold Resource Corporation earned $0.04 per share in the trailing 12 months and has a P/E ratio of 90.5. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 61.31 and higher compared to the sector’s average of 23.48. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. GORO also has P/S multiple of 2.2. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.65x.
GORO‘s last price was down -4.47% as compared to the average trading price of 50 days recorded at $3.79 while enlarging the period to 200 trading days, the average closing price was $3.52. At present, there are 65.78 million in the total number of common shares owned by the public and among those 63.41 million shares have been available to trade. The percentage of shares being held by the company management was 1.9% while institutions stake was 43.8%. The company has generated positive returns on equity over the last 12 months (2%). It managed to keep its gross profit margin at 21.4% over the past 12 months.
When assessing the full upside of the GORO stock, there is another set of technicals that should be looked into and considered. Its 4.91% gain from moving average of $3.45 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0.98 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly 152.8%. Though the percentage looks encouraging, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has retreated at an average annualized rate of about -1.7 over the last five years. The company recently recorded a drop of -4.5%, but this figure is rather unattractive.