Fortuna Mining Corp [NYSE: FSM] gained 3.85% or 0.18 points to close at $4.86 with a heavy trading volume of 9514718 shares.
The daily chart for FSM points out that the company has recorded -17.91% loss over the past six months.
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If we look at the average trading volume of 7.02M shares, FSM reached to a volume of 9514718 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Fortuna Mining Corp [FSM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FSM shares is $5.94 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FSM stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Scotiabank have made an estimate for Fortuna Mining Corp shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on May 30, 2023. The new note on the price target was released on January 18, 2022, representing the official price target for Fortuna Mining Corp stock.
The Average True Range (ATR) for Fortuna Mining Corp is set at 0.23, with the Price to Sales ratio for FSM stock in the period of the last 12 months amounting to 2.08. The Price to Book ratio for the last quarter was 1.07, with the Price to Cash per share for the same quarter was set at 0.41. Price to Free Cash Flow for FSM in the course of the last twelve months was 17.00 with Quick ratio for the last quarter at 1.37.
Trading performance analysis for FSM stock
Fortuna Mining Corp [FSM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.00. With this latest performance, FSM shares dropped by -5.63% in over the last four-week period, additionally sinking by -17.91% over the last 6 months – not to mention a rise of 38.07% 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 FSM stock in for the last two-week period is set at 51.83, with the RSI for the last a single of trading hit 54.40, and the three-weeks RSI is set at 51.17 for Fortuna Mining Corp [FSM]. The present Moving Average for the last 50 days of trading for this stock 4.83, while it was recorded at 4.67 for the last single week of trading, and 4.54 for the last 200 days.
Fortuna Mining Corp [FSM]: A deeper dive into fundamental analysis
Fortuna Mining Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.37 and a Current Ratio set at 1.94.
Fortuna Mining Corp [FSM]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Fortuna Mining Corp posted 0.08/share EPS, while the average EPS was predicted by analysts to be reported at 0.11/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.03. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FSM.
An analysis of Institutional ownership at Fortuna Mining Corp [FSM]
There are presently around $63.83%, or 64.37%% of FSM stock, in the hands of institutional investors. The top three institutional holders of FSM stocks are: GOTHAM ASSET MANAGEMENT, LLC with ownership of 0.51 million shares, which is approximately 0.1674%. SILVERCREST ASSET MANAGEMENT GROUP LLC, holding 22500.0 shares of the stock with an approximate value of $$0.11 million in FSM stocks shares; and SILVERCREST ASSET MANAGEMENT GROUP LLC, currently with $$63945.0 in FSM stock with ownership which is approximately 0.0034%.
