The stock of Gold Standard Ventures Corp (NYSE:GSV) is now priced at $0.92 and the shares are -0.13 points down or -12.38% lower compared to its previous closing price of $1.05. The stock had 5.704 million contracts set over the past session. GSV shares’ daily volume is compared to its average trading volume at 1.31 million shares. However, it has a float of 261 million and although its performance was 13.93% over the week, it’s one to watch. Analysts have given the GSV stock a yearly average price target of $1.81 per share. It means the stock’s upside potential is 96.74% with the GSV share price recently placing at $0.91 to $1.14. However, some brokerage firms have priced the stock below the average, including one that has called $1.1.
The shorts are running away from the Gold Standard Ventures Corp stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the GSV shares have declined. Short interest in the stock represents just 1.86% of its float, but the volume has dropped by 0.
In the last trading session, Gold Standard Ventures Corp (NYSE:GSV) raised by $0.1125 over the week and gained $0.099 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $1.14. The stock recorded its established 52-week high on 08/10/20.
Since 03/20/20, the stock has traded to a low of $0.2713 at 239.11%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.
Looking at current readings, Gold Standard Ventures Corp’s two-week RSI is 58.2. This suggests that the stock is neutral at the moment and that GSV shares’ price movement remains stable. The stochastic readings are equally revealing at 77.11% meaning the GSV share price is currently in oversold territory.
The technical chart shows that the GSV stock will likely settle at between $1.07 and $1.22 per share. However, if the stock dips below $0.84, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $0.76.
Currently, the stock is trading in the green of MACD, with a reading of 0.1011. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Maxim Group assigned GSV a rating of Buy in their intiating review released on July 25. BMO Capital Markets analysts see the stock as a Outperform in a flash note released to investors on June 08 initiating covering the stock. H.C. Wainwright analysts see the stock as Buy when the analysts resumed the share price coverage on June 16, placing it at $1.1.
The average rating for the GSV equity is 2 and is currently gathering a bullish momentum. Of 1 analysts tracking Gold Standard Ventures Corp polled by Reuters, 0 rated GSV as a hold. The remaining 1 analysts were split evenly. However, the split wasn’t equal as a majority (1) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
The stocks P/S ratio currently stands below the group’s average of 24.5. Gold Standard Ventures Corp has its P/E ratio at 1.6, which means that the stock is currently trading at a discount relative to the 2.8 industry average.