On Jan. 05, Gjerdrum Thor divested U.S. $537,900 in shares of A-Mark Precious Metals Inc.. The Pres sold 20,000 shares at a price per share of $26.89. The transaction decreased this specific insider’s holdings to 0 shares worth around $0.0 at present.
ROTH Capital launched its A-Mark Precious Metals Inc. [AMRK] rating to the equivalent of a Buy and assigned the price target of $30, in a research note dated August 24, 2020. That figure represents around a 4.83% premium from where the company’s shares closed on Thursday. Some new analysts also started their coverage, with ROTH Capital’s analysts assigning the shares to “a Buy” rating in a research note to investors issued in late August. Meanwhile, B. Riley FBR Inc. had maintained its rating on AMRK to the earlier “Neutral” rating, in a research note produced for clients November 15, 2017. In addition, there was no change from Singular Research on March 10, 2017. The rater maintained AMRK to “a Buy” but assigned new target price of $24.30.
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Is A-Mark Precious Metals Inc. [NASDAQ:AMRK] a Good Buy Right Now?
It should be noted that AMRK technical indicators for short, intermediate as well as long term progress have placed an overall average of 8% as Sell. The average signal changed from 8% Sell in the last week and compares with 56% Buy in the past month. Data from A-Mark Precious Metals Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 86530.0 shares in the past 20 days and the short term average signal indicates a 50% Sell. In the last 50 days, the average trading volume was 70508.0 shares while the medium term average advocated for Hold. The average long-term signal stands at 50% Buy and the 100-day average volume stands at 67058.0 shares.
AMRK Price Performance
On Wall Street, A-Mark Precious Metals Inc. [NASDAQ:AMRK] finished Thursday’s session up 2.85% at $28.55. The stock went up to $28.81 at the same session while its lowest single day price was $27.2574. In the last five days, it saw a rise of about 11.65%, A-Mark Precious Metals Inc. shares gained by almost 11.31% since the beginning of the year. However, the share price has dropped to as low as -20.20% below its one year high. On 01/06/21, the company shares recorded $29.04, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $25.85. The company’s shares have inclined by 275.41% in the past year. The 50-day SMA achieved is $29.57 while the 200-day SMA is $23.89. Volume dropped to 70971.0 from 87900.0 in the previous session.
A-Mark Precious Metals Inc. [AMRK] Valuation Measures
Notably, A-Mark Precious Metals Inc. [AMRK] stock can be classified as a good candidate in the listing of underestimated low-priced Capital Markets companies to purchase soonest possible with the prevailing 12-month PE ratio of 3.87. The measure means the stock is exchanging at a discount as compared to the 17.47x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 0.03 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 3.75 which means AMRK serve an attractive investment opportunity compared to its competitors.
AMRK Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 27.60 level, and in case of violation of this particular level, it will cause more drop to 26.65 level. On the upper level, 29.76 is still the key resistance. The stock may increase to the subsequent resistance at 29.15. The Relative Strength Index (RSI) pinned on the 14-day chart is 50.68, implying a neutral technical stance while the MACD stands at -0.17, meaning price will decrease in the next trading period. Percent R indicator moved to 56.57%, implying low price movement. Stochastic %K at 33.33% suggest holding the stock.
What is the short interest in A-Mark Precious Metals Inc.?
Short interest in the A-Mark Precious Metals Inc. stock has plunged, decreasing by 2010.0 shares to total 62640.0 shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 60630.0, data from Yahoo Finance shows. The increase of 3.21% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 1.62% of the overall float for the stock.
A-Mark Precious Metals Inc.’s Biggest Shareholders: Who Owns A-Mark Precious Metals Inc. [AMRK]?
Filings by Dimensional Fund Advisors LP showed that the firm now holds a total of 329,012 shares or roughly 4.64% of the outstanding AMRK shares. This means their shares have reduced by -7,859 from the 329,012 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $9,184,923. Details in the latest 13F filings reveal that BlackRock Fund Advisors acquired their 11.58% stake valued at $6,371,346 while Renaissance Technologies LLC added theirs at $4,156,936. During the last quarter, BlackRock Fund Advisors raised 21,610 of its shares in A-Mark Precious Metals Inc. while Renaissance Technologies LLC bought 52,100 shares. The Bridgeway Capital Management, Inc’s holdings currently number 118,282 shares at $3376951.1. According to the firm’s last 13F report, Wedbush Securities, Inc. shares in the company at filing stood at 98,429 shares, roughly $3,010,943.
AMRK Earnings Forecast For The Current Quarter
A-Mark Precious Metals Inc. [AMRK] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $1.43B and an earnings per share of $1.03 for Dec 2020. Looking further ahead, the company is expected to report revenue of $1.39B at an EPS of $0.78 for Mar 2021. The estimates represent -9.60% and -46.94% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
AMRK Earnings Estimates For The Current Year
For the financial year, A-Mark Precious Metals Inc. [NASDAQ:AMRK] is expected to bring in revenue of $6.24B. The returns are nearly $780.0 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 5.8, higher than that of FY20 by $1.49. Estimates put this year’s earnings growth at 34.60%, -46.90% for the next. As for sales, forecasts are for an increase of 14.30% in the current fiscal year and a further -9.60% over the following year.
What are analyst thoughts on A-Mark Precious Metals Inc.?
Looking forward to the A-Mark Precious Metals Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for A-Mark Precious Metals Inc. stock at $43.50 within the next 12 months, which represents almost 34.37 per cent growth from its previous closing price of $28.55. The highest analysts’ target for A-Mark Precious Metals Inc. stock projections is $45.00 and the lowest one is $42.00. Still, 2 analysts sharing their consensus rating for AMRK stock in 2021 agree that it is a Buy.