Check Out Insider Trades For Equinox Gold Corp. (EQX) Stock

Equinox Gold Corp. (AMEX:EQX) saw a downside of -5.36% to $3.27 after subtracting -$0.18 on Monday. The 5-day average trading volume is 1,492,011 shares of the company’s common stock. It has gained $3.55 in the past week and touched a new high 2 times within the past 5 days. An average of 2,825,988 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,521,241.

EQX’s 1-month performance is -2.27% or -$0.11 on its low of $2.35 reached on 11/03/22. The company’s shares have touched a 52-week low of $2.35 and high of $9.07, with the stock’s rally to the 52-week high happening on 04/18/22. YTD, EQX has lost -48.96% or -$3.48 and has reached a new high 17 times. However, the current price is down -64.00% from the 52-week high price.

Valuation Metrics

EQX stock has a beta of 0.49. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.97 while the price-to-book (PB) in the most recent quarter is 0.34.

Equinox Gold Corp.’s quick ratio for the period ended June 29 was -0.10, with the current ratio over the same period at 2.70. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.32, while the total debt to equity was 0.32. In terms of profitability, the gross margin trailing 12 months is 32.30%. The firm’s gross profit as reported stood at $230.59 million against revenue of $1.08 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected EQX to announce -$0.05 per share in earnings in its latest quarter, but it posted -$0.16, representing a -220.00% surprise. EBITDA for the quarter stood at more than $36.54 million. EQX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.38 billion, with total debt at $765.02 million.

Let’s look briefly at Equinox Gold Corp. (EQX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 November was 44.87% to suggest the stock is trending Neutral, with historical volatility in this time period at 58.27%.

The stock’s 5-day moving average is $3.39, reflecting a -2.09% or -$0.07 change from its current price. EQX is currently trading -3.25% above its 20-day SMA, -26.46% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.67% and SMA200 by-44.88%.

Stochastic %K and %D was 51.33% and 61.55% and the average true range (ATR) pointed at 0.24. The RSI (14) points at 47.11%, while the 14-day stochastic is at 28.69% with the period’s ATR at 0.24. The stock’s 9-day MACD Oscillator is pointing at -0.03 and -0.06 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Equinox Gold Corp. (AMEX: EQX), RBC Capital Mkts downgraded it to an Underperform rating. They previously had a Sector perform rating on the stock. Analysts offering their rating for EQX stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate EQX as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.

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