Platinum Group Metals Ltd. (AMEX:PLG) does about 436.33K shares in volume on a normal day but saw 2810146 shares change hands in the recent trading day. The company now has a market cap of 224.43M USD. Its current market price is $2.19, marking an increase of 9.50% compared to the previous close of $2.00. The 52 week high reached by this stock is $2.10 whilst the lowest price level in 52 weeks is $0.94.
Platinum Group Metals Ltd. (PLG) has a 20-day trading average at $1.65 and the current price is 4.53% off the 52-week high compared with 132.48% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.46 and its 200-day simple moving average is $1.40. If we look at the stock’s price movements over the week, volatility stands at 11.01%, which decreases to 8.47% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 80.19 to suggest the stock is overbought.
The consensus objective for the share price is $1.93, suggesting that the stock has a potential downside of -13.47% over the period.
RBC Capital Mkts upgraded its price target at $1.50-$1.75.
The current price level is 32.97%, 50.52%, and 56.33% away from its SMA20, SMA50, and SMA200 respectively, with the PLG price moving below the 50-day SMA on current market day. Platinum Group Metals Ltd. (PLG) stock is up 22.35% over the week and 43.14% over the past month. Its price is 92.11% year-to-date and 106.60% over the past year.
The stock last released its quarterly earnings report for quarter ended 8/31/2023, with the company’s earnings per share (EPS) of -0.02 below consensus estimates by -0.01. The company’s next earnings report forecasts estimating quarterly EPS at 0 and -0.04 for whole year.
To reach the target analysts have set, the stock logically needs to shrink -13.47 percent from here.
Outstanding shares total 100.26M with insiders holding 26.47% of the shares and institutional holders owning 18.01% of the company’s common stock. The company has a return on investment of -22.33% and return on equity of -22.43%. The beta has a value of 1.78. Price to book ratio is 9.00.
