Taking on analysts’ expectations and winning: Hycroft Mining Holding Corporation (HYMC)

Hycroft Mining Holding Corporation (NASDAQ: HYMC) stock jumped 1.17% on Friday to $0.63 against a previous-day closing price of $0.63. With 1.7 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.32 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $0.6499 whereas the lowest price it dropped to was $0.5992. The 52-week range on HYMC shows that it touched its highest point at $3.10 and its lowest point at $0.28 during that stretch. Beta for the stock currently stands at 1.92.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HYMC was down-trending over the past week, with a drop of -7.46%, but this was up by 39.19% over a month. Three-month performance surged to 11.02% while six-month performance fell -40.79%. The stock gained 34.61% in the past year, while it has gained 19.08% so far this year. A look at the trailing 12-month EPS for HYMC yields -1.18 with Next year EPS estimates of -0.03. For the next quarter, that number is -0.01. This implies an EPS growth rate of 62.40% for this year and 89.30% for next year.

Float and Shares Shorts:

At present, 199.21 million HYMC shares are outstanding with a float of 155.44 million shares on hand for trading. On Oct 13, 2022, short shares totaled 12.09 million, which was 6.05% higher than short shares on Sep 14, 2022. In addition to Dr. Diane Renee Garrett Eng., M.A., M.S., Mineral Eco, Ph.D. as the firm’s Pres, CEO & Director, Mr. Stanton K. Rideout CPA, CPA, MBA serves as its Exec. VP & CFO.


Institutional Ownership:

Through their ownership of 28.52% of HYMC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.68% of HYMC, in contrast to 31.48% held by mutual funds. Shares owned by individuals account for 16.26%. As the largest shareholder in HYMC with 8.97% of the stake, Mudrick Capital Management LP holds 17,923,698 shares worth 17,923,698. A second-largest stockholder of HYMC, BlackRock Fund Advisors, holds 7,678,826 shares, controlling over 3.84% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in HYMC, holding 6,607,020 shares or 3.31% stake. With a 2.15% stake in HYMC, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 4,292,776 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.58% of HYMC stock, is the second-largest Mutual Fund holder. It holds 3,162,629 shares valued at 1.68 million. Vanguard Extended Market Index Fu holds 0.95% of the stake in HYMC, owning 1,904,791 shares worth 1.01 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HYMC since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HYMC analysts setting a high price target of $13.00 and a low target of $13.00, the average target price over the next 12 months is $13.00. Based on these targets, HYMC could surge 1963.49% to reach the target high and rise by 1963.49% to reach the target low. Reaching the average price target will result in a growth of 1963.49% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. HYMC will report FY 2022 earnings on 02/20/2024. Analysts have provided yearly estimates in a range of -$0.28 being high and -$0.28 being low. For HYMC, this leads to a yearly average estimate of -$0.28. The surprise factor in the prior quarter was -$0.04. Based on analyst estimates, the high estimate for the next quarter is -$0.01 and the low estimate is -$0.01. The average estimate for the next quarter is thus -$0.01.

Summary of Insider Activity:

Insiders traded HYMC stock several times over the past three months with 1 Buys and 11 Sells. In these transactions, 300,000 shares were bought while 6,471,151 shares were sold. The number of buy transactions has increased to 10 while that of sell transactions has risen to 13 over the past year. The total number of shares bought during that period was 1,977,475 while 19,288,552 shares were sold.

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