Healthy Upside Potential: Orla Mining Ltd (ORLA)

With 1.27 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.77 million shares. The 52-week range on ORLA shows that it touched its highest point at $7.62 and its lowest point at $3.24 during that stretch. Beta for the stock currently stands at 1.32.

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 ORLA was up-trending over the past week, with a rise of 3.28%, but this was up by 2.26% over a month. Three-month performance surged to 46.17% while six-month performance rose 81.70%. The stock gained 91.29% in the past year, while it has gained 30.87% so far this year.

Float and Shares Shorts:

At present, 320.87 million ORLA shares are outstanding with a float of 208.25 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 ORLA since 2 analysts follow the stock currently. There are 1 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.

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 $0.40809 being high and $0.3453 being low. For ORLA, this leads to a yearly average estimate of $0.361. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.