Fortuna Mining Corp [NYSE: FSM] plunged by -$0.23 during the normal trading session on while it closed the day at $5.15.
Fortuna Mining Corp stock has also loss -0.19% of its value over the past 7 days. However, FSM stock has inclined by 12.20% in the 3 months of the year. Over the past six months meanwhile, it has gained 16.52% and gained 20.05% year-on date.
The market cap for FSM stock reached $1.61 billion, with 313.33 million shares outstanding and 309.52 million shares in the current float. Compared to the average trading volume of 10.56M shares, FSM reached a trading volume of 15467672 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $5.86 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 0.22, with the Price to Sales ratio for FSM stock in the period of the last 12 months amounting to 1.57. The Price to Book ratio for the last quarter was 1.14, with the Price to Cash per share for the same quarter was set at 0.58. Price to Free Cash Flow for FSM in the course of the last twelve months was 12.85 with Quick ratio for the last quarter at 1.37.
FSM stock trade performance evaluation
Fortuna Mining Corp [FSM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.19. With this latest performance, FSM shares gained by 15.21% in over the last four-week period, additionally plugging by 16.52% over the last 6 months – not to mention a rise of 87.96% 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 56.97, with the RSI for the last a single of trading hit 54.61, and the three-weeks RSI is set at 56.59 for Fortuna Mining Corp [FSM]. The present Moving Average for the last 50 days of trading for this stock 4.70, while it was recorded at 5.31 for the last single week of trading, and 4.86 for the last 200 days.
Fortuna Mining Corp [FSM]: An insightful look at the core fundamentals
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.
Earnings per share (EPS) analysis for Fortuna Mining Corp [FSM] stock
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fortuna Mining Corp go to 41.51%.
Fortuna Mining Corp [FSM]: Institutional Ownership
There are presently around $63.12%, or 63.67%% 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%.
