Can Buying i-80 Gold Corp (AMEX: IAUX) Still Be Worthwhile?

i-80 Gold Corp (AMEX:IAUX) does about 8.86M shares in volume on a normal day but saw 14838976 shares change hands in the recent trading day. The company now has a market cap of 392.64M USD. Its current market price is $0.67, marking an increase of 3.60% compared to the previous close of $0.65. The 52 week high reached by this stock is $1.88 whilst the lowest price level in 52 weeks is $0.34.

i-80 Gold Corp (IAUX) has a 20-day trading average at $0.7997 and the current price is -64.35% off the 52-week high compared with 97.67% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.9943 and its 200-day simple moving average is $1.1231. If we look at the stock’s price movements over the week, volatility stands at 16.83%, which decreases to 12.61% 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 40.74 to suggest the stock is neutral.

FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy.

The current price level is -16.18%, -32.58%, and -40.32% away from its SMA20, SMA50, and SMA200 respectively, with the IAUX price moving above the 50-day SMA on current market day. i-80 Gold Corp (IAUX) stock is up 48.49% over the week and -37.94% over the past month. Its price is -61.91% year-to-date and -53.77% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $37.7M.

Outstanding shares total 404.79M with insiders holding 2.69% of the shares and institutional holders owning 53.48% of the company’s common stock. The company has a return on investment of -23.34% and return on equity of -27.56%. The beta has a value of 1.07. Price to book ratio is 0.60 and price to sales ratio is 7.42.