Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Until today this year the stock’s price performance recorded an increase of 20.85%. However, over the last six months, the performance has been weaker by 2.75%. The price of FSM decreased -6.52% over the last 30 days. And in the last five days, it has surged by 3.66%.
Fortuna Mining Corp.’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $6.36 on 05/28/24, and the lowest price during that time was $2.63, recorded on 02/28/24.
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52-week price history of FSM Stock
The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. Fortuna Mining Corp.’s current trading price is -26.66% away from its 52-week high, while its distance from the 52-week low is 77.37%. The stock’s price range for this period has been between $2.63 and $6.36. The Basic Materials sector company’s shares saw a trading volume of about 1.73 million for the day, which was lower than the average daily volume of 5.99 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Fortuna Mining Corp. (FSM) has experienced a quarterly decline of -10.29% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.46B and boasts a workforce of 5185 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.89, with a change in price of -1.05. Similarly, Fortuna Mining Corp. recorded 6,419,451 in trading volume during the last 100 days, posting a change of -18.39%.
FSM’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for FSM stands at 0.17. Similarly, the long-term debt-to-equity ratio is also 0.12.
FSM Stock Stochastic Average
As of today, the raw stochastic average of Fortuna Mining Corp. over the past 50 days is 53.33%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 37.18%. Additionally, the Stochastic %K and %D values for the company were 42.31% and 40.74%, respectively, over the past 20 days.
