With the current price of $3.76,the stock of Endeavour Silver Corp. (NYSE:EXK) concluded the trading session seeing its price drop by -0.16 points or at a loss of -4.08% compared to its previous day’s closing price of $3.92. About 3.969 million shares of the stock changed hands on the day. The trading volume of EXK’s shares during the past session compares with the stock’s average daily trading volume of 5.883 million shares. On the other hand,a float of 154 million shares and a weekly performance of 0% make the stock worth to keep an eye on. Analysts are in agreement on an annual target price of $4.53 for EXK’s share which suggests that the stock,price of which is currently buoying between $3.73 and $3.93,has a potential to gain 20.48%. But still,there are some analysts recommending a price below the agreed average price and one of them has given a target price of $2.77 to the stock.
The latest data released on July 31,2020 shows that the short float in the Endeavour Silver Corp.’s stock is trending downward as short interest in EXK shares turned down leaving more number of shares available to public for trading. Number of shares shorted in the EXK is currently comprised of 4.09% of the float. Over the past two weeks,stock’s short interests weakened as number of shorted shares increased to shares from the previous figure of shares.
After concluding the day’s trading,price of Endeavour Silver Corp. (NYSE:EXK) is up $0.01 over the week and it is -$0.41 below20-day average price. The highest price touched by the stock on the day was lower than 52-week high price of $4.79 that was attained on 08/05/20.
The stock has traded as low as $0.99 in past 52-week,and its current price is 279.8% above from that 52-week low price mark recorded on 03/16/20,which is an indicator that could increase the investors’ motivation level in taking advantage of price surge the stock has currently been going through. Stock currently has its beta at 1.52. A beta value of more than 1 represents higher volatility of a stock than that of the market and for the reason investors closely watch the behavior of such stock.
Current indicators are pointing at 51.56 as 14-days RSI of Endeavour Silver Corp. This means that the EXK is currently in a neutral territory and its share’s price movement is likely to be steady for a while. Similarly,the stochastic oscillator is indicating a momentum of 23.93%,implying stock’s share price is buoying in an overbought state.
Technical chart is showing 1st resistance point of $3.89 for the EXK’s share while placing it at a 2nd resistance point of $4.01 to be settled at. But if the stock takes a plunge lower than the 1st support price of $3.69 then its market would become weakened. And that would likely sliding the stock price down to 2nd support price level of $3.61.
B. Riley FBR started covering the EXK stock on July 21,recommending Buy rating for it while assigning the price target of $4.75. The stock gets its recommendation downgraded from Outperform to Market Perform from the analysts at Noble Capital Markets in their February 26 note to investors.H.C. Wainwright analysts reiterated their recommendation of Buy rating for the stock on November 22 while suggesting a price target of $3 which previously was $3.25.
The average rating of 2.67 for EXK is placing the stock in bullish category at the moment. In a poll by Reuters including 6 analysts in it who kept tracking the Endeavour Silver Corp.,4 rated the stock as hold. Others were in different opinions for the EXK. Out of remaining 2 analysts,2 rated the stock as a buy or strong buy. 0 were in favor of a sell rating for the stock while advising investors to shun the stock if they already have any or otherwise not to buy it.
A quick look at other side of the picture shows that EXK stock is ahead of earnings per share estimates with a forward price-to-earnings ratio of 41.78.
Projection by Zacks Consensus Estimates suggests that Endeavour Silver Corp. (NYSE:EXK) will see its current-quarter revenues drop by nearly -99.85% to be decreased to about $40.03 million. Full-year revenue of the company is however forecasted to be fell to nearly -4.36% to bring $150 million in revenues against last year revenue of $157 million. Earnings,after adjustments,are likely to fell by -175% to post an EPS of $0.03,while estimate for company’s full year earnings is $0.08 per share with a growth rate of 166.67%.