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Views On Endeavour Silver Corp. (EXK) From A Technical Perspective

The stock of Endeavour Silver Corp. (NYSE:EXK) increased by $0.14 on Monday to finish at $3.25, up 4.50 percent. The last five days have seen an average…

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This article was originally published by Fosters Leader

The stock of Endeavour Silver Corp. (NYSE:EXK) increased by $0.14 on Monday to finish at $3.25, up 4.50 percent. The last five days have seen an average of 1,626,360 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$0.97. The average number of shares traded over the last 20 days was 1,854,570, while the average volume over the last 50 days totaled 2,193,226.

EXK stock dropped -4.41% since last month. On 09/01/22, the company’s shares reached a one-month low of $2.72. The stock touched a high of $5.95 on 04/18/22, after rallying from a low of $2.72 in 52 weeks. The price of EXK stock has declined by -22.99% or -$0.97 this year, reaching a new high 13 times. Still, the stock price is down -45.38% from the 52-week high.

Valuation Metrics

Beta for the stock is 1.46. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.45, the price-to-book (PB) ratio of 2.08.

Financial Health

For the three months ended June 29, Endeavour Silver Corp.’s quick ratio was 4.10, while its current ratio was 5.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.03, and the total debt to equity ratio is 0.05. As far as profitability goes, gross margin for the trailing twelve months is 26.40% percent. Endeavour Silver Corp.’s operating margin stood at 10.70% for the same period. Based on annual data, it had gross profit of $75.72 million and revenue of $165.32 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EXK’s return on assets (ROA) during the last 12 months has been -1.60%. There was a 2.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -2.00%.

Earnings Surprise

According to Endeavour Silver Corp.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $121.72 million, while revenues fell by -23.65% to $0.0. It was predicted that Endeavour Silver Corp.’s quarterly earnings would be -$0.07, but it ended up being $0.03, beating the consensus by -333.30%. EBITDA was $2.98 million for the quarter. At the end of Endeavour Silver Corp.’s most recent quarter ended June 29, its liabilities totaled 61.0 million, while its total debt was $13.5 million.

Technical Picture

Here’s a quick look at Endeavour Silver Corp.’s (EXK) price momentum from a technical perspective. As of 12 September, the RSI 9-day stood at 60.08%, suggesting the stock is Neutral, with a 59.51% historical volatility rate.

The stochastic %K and %D were 60.51% and 44.79% respectively, while the average true range (ATR) was 0.17. Based on the 14-day stochastic reading of 81.54%, the RSI (14) reading is 53.67%. On the 9-day MACD Oscillator, the stock is at 0.17, and the 14-day reading is at 0.07.

Analyst Ratings

Analysts have assigned Endeavour Silver Corp. (EXK) an Overweight rating. EXK is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.

What is EXK’s price target for the next 12 months?

The current consensus forecast for the stock is between $3.26 and $8.00, with a median target price of $5.25. In analyzing these forecasts, the average price target given by analysts for Endeavour Silver Corp. (EXK) is $5.24.

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