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Gatos Silver Inc’s Banking’s 100-Day Moving Average at 6.72: Will the Stock Break Through?

The market performance of Gatos Silver Inc has been somewhat stable. Over the past year, the company’s stock achieved a high of $9.79 on 04/09/24, with the lowest value for the same timeframe being $3.51, recorded on 06/28/23.

52-week price history of GATO Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Gatos Silver Inc’s current trading price is -1.55% away from its 52-week high, while its distance from the 52-week low is 174.64%. The stock’s price range during this period has fluctuated between $3.51 and $9.79. Shares of the company, which operates in the Basic Materials sector, recorded a trading volume of around 0.61 million for the day, which was evidently higher than the average daily volume of 0.32 million over the last three months.

Financial Performance and Market Capitalization

Gatos Silver Inc (GATO) has experienced a quarterly rise of 71.84% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 666.90M and boasts a workforce of 19 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 6.72, with a change in price of +4.44. Similarly, Gatos Silver Inc recorded 308,430 in trading volume during the last 100 days, posting a change of +85.38%.

GATO Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for GATO stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.

GATO Stock Stochastic Average

Gatos Silver Inc’s raw stochastic average for the past 50 days is currently at 96.52%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 93.10%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 87.08% and 85.31%, respectively.

GATO Stock Price Performance Analysis

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a gain of 47.40%.However, over the last six months, we can see a weaker performance of 95.54%. Over the last 30 days, the price of GATO has fallen by 28.70%. And in the last five days, it has surged by 1.37%.