With 8.2 million shares changed hands, the volume of the stock remained heavier than its average volume of 6.99 million shares. The 52-week range on EQX shows that it touched its highest point at $7.22 and its lowest point at $4.48 during that stretch. It currently has a 1-year price target of $7.35. Beta for the stock currently stands at 1.36.
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 EQX was down-trending over the past week, with a drop of -3.40%, but this was down by -6.43% over a month. Three-month performance surged to 4.33% while six-month performance rose 14.44%. The stock gained 35.79% in the past year, while it has gained 24.70% so far this year. A look at the trailing 12-month EPS for EQX yields 0.68 with Next year EPS estimates of 1.34. For the next quarter, that number is 0.16. This implies an EPS growth rate of 313.01% for this year and 35.24% for next year.
Float and Shares Shorts:
At present, 455.23 million EQX shares are outstanding with a float of 385.17 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EQX since 15 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 8 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.50832 being high and $0.16446 being low. For EQX, this leads to a yearly average estimate of $0.26911. Based on analyst estimates, the high estimate for the next quarter is $0.17 and the low estimate is $0.17. The average estimate for the next quarter is thus $0.17.
