While Ivanhoe Electric Inc has overperformed by 0.24%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, IE fell by -28.74%, with highs and lows ranging from $12.98 to $6.31, whereas the simple moving average fell by -8.76% in the last 200 days.
On October 17, 2023, JP Morgan started tracking Ivanhoe Electric Inc (AMEX: IE) recommending Overweight. A report published by Scotiabank on December 22, 2022, Initiated its previous ‘Sector Perform’ rating for IE. Raymond James also rated IE shares as ‘Outperform’, setting a target price of $12 on the company’s shares in an initiating report dated September 28, 2022. JP Morgan Initiated an Neutral rating on August 18, 2022, and assigned a price target of $12. Jefferies initiated its ‘Buy’ rating for IE, as published in its report on July 25, 2022. BMO Capital Markets’s report from July 25, 2022 suggests a price prediction of $15 for IE shares, giving the stock a ‘Outperform’ rating.
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Analysis of Ivanhoe Electric Inc (IE)
Further, the quarter-over-quarter decrease in sales is -59.06%, showing a negative trend in the upcoming months.
Ivanhoe Electric Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -101.02% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.52, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and IE has an average volume of 820.79K. On a monthly basis, the volatility of the stock is set at 6.91%, whereas on a weekly basis, it is put at 5.40%, with a gain of 0.83% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.00, showing growth from the present price of $8.48, which can serve as yet another indication of whether IE is worth investing in or should be passed over.
How Do You Analyze Ivanhoe Electric Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 39.41%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 57.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
IE shares are owned by institutional investors to the tune of 57.00% at present.
