The stock of Endeavour Silver Corp. (NYSE:EXK) is now priced at $3.65 and the shares are -0.21 points down or -5.44% lower compared to its previous closing price of $3.86. The stock had 3.406 million contracts set over the past session. EXK shares’ daily volume is compared to its average trading volume at 5.838 million shares. However, it has a float of 154 million and although its performance was -6.41% over the week, it’s one to watch. Analysts have given the EXK stock a yearly average price target of $4.53 per share. It means the stock’s upside potential is 24.11% with the EXK share price recently placing at $3.62 to $3.795. However, some brokerage firms have priced the stock below the average, including one that has called $2.77.
The shorts are running away from the Endeavour Silver Corp. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the EXK shares have declined. Short interest in the stock represents just 4.09% of its float, but the volume has dropped by 0.
In the last trading session, Endeavour Silver Corp. (NYSE:EXK) dropped by -$0.25 over the week and lost -$0.55 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $4.79. The stock recorded its established 52-week high on 08/05/20.
Since 03/16/20, the stock has traded to a low of $0.99 at 268.69%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.51. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Endeavour Silver Corp.’s two-week RSI is 48.53. This suggests that the stock is neutral at the moment and that EXK shares’ price movement remains stable. The stochastic readings are equally revealing at 11.68% meaning the EXK share price is currently in overbought territory.
The technical chart shows that the EXK stock will likely settle at between $3.76 and $3.86 per share. However, if the stock dips below $3.58, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $3.51.
Currently, the stock is trading in the red of MACD, with a reading of -0.07. 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 EXK a rating of Buy in their intiating review released on July 21. Noble Capital Markets analysts downgraded their recommendation of the stock from Outperform to Market Perform in a flash note released to investors on February 26. H.C. Wainwright analysts see the stock as Buy. Nonetheless, the analysts revised the share prices down on November 22, placing it at $3 from $3.25.
The average rating for the EXK equity is 2.67 and is currently gathering a bullish momentum. Of 6 analysts tracking Endeavour Silver Corp. polled by Reuters, 4 rated EXK as a hold. The remaining 2 analysts were split evenly. However, the split wasn’t equal as a majority (2) 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.
Elsewhere, the EXK stock price is 37.63X ahead of its 12-month Consensus earnings per share estimates.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Endeavour Silver Corp. (NYSE:EXK) will decrease by about -99.85%, which will see them reach $40.03 million. The company’s full-year revenues are, however, expected to diminish by about -4.36%, down from $157 million to $150 million. EXK’s expected adjusted earnings should drop almost -175% to end up at $0.03 per share, while for the fiscal year, analysts project the company’s earnings to grow by about 166.67% to record $0.08/share.