Endeavour Silver Corp. [EXK] moved down -3.32: Why It’s Important

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Endeavour Silver Corp. [NYSE: EXK] traded at a low on 04/27/22, posting a -3.32 loss after which it closed the day’ session at $3.78. The company report on April 26, 2022 that Endeavour Silver Reports Positive Drill Results for the Parral Project.

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Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) is pleased to report positive drill results from its ongoing exploration program at its Parral project in the State of Chihuahua, Mexico. Since early December, the Company has drilled over 4,300 metres in 21 holes targeting several areas along the Veta Colorada structure.

The results of the trading session contributed to over 3376094 shares changing hands. Over the past one week, the price volatility of Endeavour Silver Corp. stands at 7.51% while the volatility over the past one month is 5.85%.

The market cap for EXK stock reached $758.57 million, with 170.55 million shares outstanding and 169.44 million shares in the current float. Compared to the average trading volume of 3.96M shares, EXK reached a trading volume of 3376094 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Endeavour Silver Corp. [EXK]?

BMO Capital Markets have made an estimate for Endeavour Silver Corp. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on March 22, 2022. The new note on the price target was released on September 16, 2020, representing the official price target for Endeavour Silver Corp. stock. Previously, the target price had yet another raise to $4.75, while B. Riley FBR analysts kept a Buy rating on EXK stock.

The Average True Range (ATR) for Endeavour Silver Corp. is set at 0.29, with the Price to Sales ratio for EXK stock in the period of the last 12 months amounting to 4.59. The Price to Book ratio for the last quarter was 2.72, with the Price to Cash per share for the same quarter was set at 0.57.

How has EXK stock performed recently?

Endeavour Silver Corp. [EXK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -27.59. With this latest performance, EXK shares dropped by -19.57% in over the last four-week period, additionally sinking by -27.31% over the last 6 months – not to mention a drop of -33.45% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EXK stock in for the last two-week period is set at 29.91, with the RSI for the last a single of trading hit 21.71, and the three-weeks RSI is set at 35.64 for Endeavour Silver Corp. [EXK]. The present Moving Average for the last 50 days of trading for this stock 4.76, while it was recorded at 4.21 for the last single week of trading, and 4.59 for the last 200 days.

Endeavour Silver Corp. [EXK]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Endeavour Silver Corp. [EXK] shares currently have an operating margin of +5.02 and a Gross Margin at +11.00. Endeavour Silver Corp.’s Net Margin is presently recorded at +8.43.

Return on Equity for this stock inclined to 6.96, with Return on Assets sitting at 5.47.

Endeavour Silver Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.30 and a Current Ratio set at 4.00.

Insider trade positions for Endeavour Silver Corp. [EXK]

There are presently around $167 million, or 26.40% of EXK stock, in the hands of institutional investors. The top three institutional holders of EXK stocks are: VAN ECK ASSOCIATES CORP with ownership of 16,863,983, which is approximately -5.264% of the company’s market cap and around 2.40% of the total institutional ownership; JUPITER ASSET MANAGEMENT LTD, holding 4,800,963 shares of the stock with an approximate value of $18.77 million in EXK stocks shares; and ETF MANAGERS GROUP, LLC, currently with $17.82 million in EXK stock with ownership of nearly -8.713% of the company’s market capitalization.

Positions in Endeavour Silver Corp. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 43 institutional holders increased their position in Endeavour Silver Corp. [NYSE:EXK] by around 3,965,770 shares. Additionally, 50 investors decreased positions by around 4,159,795 shares, while 29 investors held positions by with 34,458,455 shares. The mentioned changes placed institutional holdings at 42,584,020 shares, according to the latest SEC report filing. EXK stock had 18 new institutional investments in for a total of 1,671,821 shares, while 9 institutional investors sold positions of 851,191 shares during the same period.