The -13.88% Decline of Equinox Gold Corp’s (EQX) Stock in the Past Quarter – News Heater (2024)

• Denise Gardner
• June 11, 2024
• Trending

In the past week, EQX stock has gone down by -2.93%, with a monthly decline of -2.56% and a quarterly surge of 7.43%. The volatility ratio for the week is 3.65%, and the volatility levels for the last 30 days are 3.53% for Equinox Gold Corp The simple moving average for the past 20 days is -5.93% for EQX’s stock, with a 4.13% simple moving average for the past 200 days.

Is It Worth Investing in Equinox Gold Corp (AMEX: EQX) Right Now?

Company’s 36-month beta value is 1.27.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for EQX is 352.70M, and currently, short sellers hold a 2.68% ratio of that floaft. The average trading volume of EQX on June 11, 2024 was 3.60M shares.

EQX) stock’s latest price update

Equinox Gold Corp (AMEX: EQX)’s stock price has dropped by -2.38 in relation to previous closing price of 5.26. Nevertheless, the company has seen a loss of -2.93% in its stock price over the last five trading days. kitco.com reported 2024-06-03 that Michael McCrae is leading Kitco’s coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.

EQX Trading at -9.05% from the 50-Day Moving Average

After a stumble in the market that brought EQX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.00% of loss for the given period.

Volatility was left at 3.53%, however, over the last 30 days, the volatility rate increased by 3.65%, as shares sank -1.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.23% lower at present.

During the last 5 trading sessions, EQX fell by -2.93%, which changed the moving average for the period of 200-days by +4.58% in comparison to the 20-day moving average, which settled at $5.45. In addition, Equinox Gold Corp saw 5.01% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for EQX

Current profitability levels for the company are sitting at:

• 0.04 for the present operating margin
• 0.09 for the gross margin

The net margin for Equinox Gold Corp stands at -0.03. The total capital return value is set at 0.01. Equity return is now at value -1.30, with -0.75 for asset returns.

Based on Equinox Gold Corp (EQX), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is 0.66.

Currently, EBITDA for the company is 256.48 million with net debt to EBITDA at 3.09. When we switch over and look at the enterprise to sales, we see a ratio of 2.53. The receivables turnover for the company is 16.85for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.

Conclusion

In a nutshell, Equinox Gold Corp (EQX) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

• Tags:AMEX:EQX, Equinox Gold Corp., EQX, EQX stock