Harmony Gold Mining Company Limited (HMY): What Technical Indicators Show

Harmony Gold Mining Company Limited (NYSE:HMY) saw an upside of 4.72% to close Tuesday at $3.55 after adding $0.16 on the day. The 5-day average trading volume is 4,761,460 shares of the company’s common stock. It has gained $3.81 in the past week and touched a new high 2 times within the past 5 days. An average of 3,635,090 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,232,738.

HMY’s 1-month performance is -7.31% or -$0.28 on its low of $3.36 reached on 02/06/23. The company’s shares have touched a 52-week low of $1.93 and high of $5.50, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, HMY has achieved 4.41% or $0.15 and has reached a new high 7 times. However, the current price is down -35.45% from the 52-week high price.

Valuation Metrics

HMY stock has a beta of 1.30. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.96 while the price-to-book (PB) in the most recent quarter is 1.24, with the price to cash flow ratio at 146.28.

Harmony Gold Mining Company Limited’s quick ratio for the recent period was 0.90, with the current ratio over the same period at 1.50.. In terms of profitability, the gross margin trailing 12 months is 12.20%. The trailing 12-month EBITDA margin is 28.29%. The firm’s gross profit as reported stood at $47.24 million against revenue of $2.81 billion.

Earnings Surprise

HMY stock balance sheet for the recent quarter shows that total liabilities totaled 1.13 billion, with total debt at $3.2 billion.

Let’s look briefly at Harmony Gold Mining Company Limited (HMY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 February was 45.36% to suggest the stock is trending Neutral, with historical volatility in this time period at 52.54%.

The stock’s 5-day moving average is $3.54, reflecting a +1.14% or $0.04 change from its current price. HMY is currently trading -8.97% above its 20-day SMA, +62.10% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.56% and SMA200 by-19.68%.

Stochastic %K and %D was 15.93% and 15.35% and the average true range (ATR) pointed at 0.16. The RSI (14) points at 46.83%, while the 14-day stochastic is at 38.78% with the period’s ATR at 0.16. The stock’s 9-day MACD Oscillator is pointing at -0.10 and -0.19 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Harmony Gold Mining Company Limited (NYSE: HMY), UBS downgraded it to a Neutral rating. They previously had a Buy rating on the stock.

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