MUX Salt & Light
Good Morning grab your salt shaker
crack open the Tequila cause
Here come the shots ! EnJoy
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McEwen Mining Inc. (MUX): More In-Depth Monitoring is Needed
Jermaine Farmer
McEwen Mining Inc. (NYSE:MUX) has recently been identified as an interesting stock but more in-depth monitoring is needed for a trade decision. Now trading with a market value of 697.84M, the company has a mix of catalysts and obstacles that spring from the nature of its operations. As the day-to-day narrative ebbs and flows for this company, it is more important than ever to step back and get a bird’s eye view of the fundamental reality under the surface of this story.
McEwen Mining Inc. (NYSE:MUX) Fundamentals That Matter
It’s generally a good idea to start with the most fundamental piece of the picture: the balance sheet. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For MUX, the company currently has 68.96 million of cash on the books. The trend over time is important to note. In this case, the company’s debt has been growing. The company also has 571.04 million in total assets, balanced by 59.79 million in total liabilities, which should give you a sense of the viability of the company under any number of imagined business contexts.
McEwen Mining Inc. (MUX) saw 2.42 million in free cash flow last quarter, representing a quarterly net change in cash of 44.18 million. Perhaps most importantly where cash movements are concerned, the company saw about 2.43 million in net operating cash flow.
McEwen Mining Inc. (NYSE:MUX) Revenue Growth Potential
As far as key trends that demonstrate something of the future investment potential of this stock, we need to take a closer look at the top line, first and foremost. Last quarter, the company saw 13.43 million in total revenues. That represents a quarterly year/year change in revenues of 0.00 in sequential terms, the MUX saw sales decline by -0.11.
But what about the bottom line? After all, that’s what really matters in the end. McEwen Mining Inc. (MUX) is intriguing when broken down to its core data. The cost of selling goods last quarter was 11.64 million, yielding a gross basic income of 1.79 million. For shareholders, given the total diluted outstanding shares of 314.08 million, this means overall earnings per share of -0.03. Note, this compares with a consensus analyst forecast of 0.01 in earnings per share for its next fiscal quarterly report.
Is McEwen Mining Inc. (NYSE:MUX) Valuation Attractive
Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about 0.02 in total earnings per share. If we consider a median price to earnings ratio on the stock, that corresponds with a stock price of 53.75. However, one should always remember: the trends are more important than the forecasts. This continues to be an interesting story, and we look forward to updating it again soon on McEwen Mining Inc..
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Top Pick for Wednesday: McEwen Mining Inc (NYSE: MUX)
McEwen Mining Inc (NYSE: MUX) has grabbed attention from the analysts when it experienced a change of 0.49% in the last trading session to close at $2.05. A total of 2,307,624 shares exchanged hands during the intra-day trade contrast with its average trading volume of 3.37M shares, while its relative volume stands at 0.68. Relative volume is the comparison of current volume to average volume for the same time of day, and it’s displayed as a ratio. If RVOL is less than 1 it is not In Play on this trading day and Investors may decide not to trade it. If RVOL is above 2 it is In Play and this is more evidence Investors ought to be in the name. When stocks are *very* In Play one can see a RVOL of 5 and above. The higher the RVOL the more In Play the stock is.
Day traders strive to make money by exploiting minute price movements in individual assets (usually stocks, though currencies, futures, and options are traded as well), usually leveraging large amounts of capital to do so, therefore they trade on Stocks in Play. In Play Stocks are volatile enough to produce good risk and reward trading opportunities for both bull and bear traders intraday. Most company stocks have very little volatility. They generally move extremely slowly and they only produce big price swings when the company produces good or bad trading results, which may only happen a couple of times a year at best.
In deciding what to focus on – in a stock, say – a typical day trader looks for three things: liquidity, volatility and trading volume. Liquidity allows an investor to enter and exit a stock at a good price (i.e. tight spreads, or the difference between the bid and ask price of a stock, and low slippage, or the difference between the predictable price of a trade and the actual price). If a stock does not have good liquidity then it may take some time before a broker is able to negotiate a deal to buy or sell a stock and the broker may not be able to get the sell or buy price that the trader is looking for. This is a problem for day traders and it could mean the difference between a profitable and non-profitable trade.
Traders have different rules for what constitutes liquidity and a good guide is the volume of trades and volume of shares that are traded each day. 100,000 shares traded per day would be a minimum for most traders and some require 1,000,000.
Trading volume is a gauge of how many times a stock is bought and sold in a given time period (most commonly, within a day of trading, known as the average daily trading volume – ADTV). A high degree of volume indicates a lot of interest in a stock. Often, a boost in the volume of a stock is a harbinger of a price jump, either up or down.
Volatility is simply a measure of the predictable daily price range—the range in which a day trader operates. More volatility means greater profit or loss. After a recent check, McEwen Mining Inc (NYSE: MUX) stock is found to be 3.33% volatile for the week, while 5.06% volatility is recorded for the month.
Technical’s Snapshot:
The stock has a market cap of $701.26M and the number of outstanding shares has been calculated 342.08M. Based on a recent bid, its distance from 20 days simple moving average is -2.80%, and its distance from 50 days simple moving average is -6.61% while it has a distance of -10.03% from the 200 days simple moving average. The company’s distance from 52-week high price is -41.68% and the current price is 12.64% away from 52-week low price. The company has Relative Strength Index (RSI 14) of 45.76 together with Average True Range (ATR 14) of 0.10.
Stock’s Valuation:
Past 5 years growth of MUX observed at 19.60%, and for the next five years the analysts that follow this company is expecting its growth at N/A. The stock’s price to sales ratio for trailing twelve months is 10.36 and price to book ratio for the most recent quarter is 1.31, whereas price to cash per share for the most recent quarter are 19.92. Its quick ratio for the most recent quarter is 1.50. Analysts mean recommendation for the stock is 2.00. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. Alphabeta
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Have You Holding This Low Risky Stock?: McEwen Mining Inc. (MUX)
March 14th, 2018 Alaric Carter News, Stock Hits
McEwen Mining Inc. (MUX) closed the Tuesday at final price of $2.05 after traded 2307624 shares. The average volume was noted at 3368.82K shares while its relative volume was seen at 0.68. Volume indicator is significant for screening stocks. Average volume—the typical volume seen in a day over a period time—helps greatly in this regard. Day traders need to be able to get in and out of a stock quickly and with ease, so they will want to trade stocks with high daily volume – typically 1 million shares at absolute minimum. Swing traders and investors have a little more leeway and therefore may trade stocks with lower volume, around 500,000 and 100,000 shares or more per day, respectively. They still want stocks that have enough volume to get in and out when they need to, but the urgency is not quite as high as it is for short-term traders.
McEwen Mining Inc. (MUX) stock is low volatile Stock with beta figure of -1.2
McEwen Mining Inc. stock waking on thin line between bulls and bears tracks and with several factors it’s pulling towards optimistic side to some extend but some take to pessimistic side. So, volatility evaluation is supposed to give some wisdom of how far the stock will fall if the market takes a dive and how high the stock will rise if the bull starts to climb. For this relative risk measurement, MUX has beta value of -1.2. A stock with a beta less than 1 is considered less volatile than the market; more than 1 means more volatile. If market is up, the stock should outperform by positive momentum and if the market heads lower, the stock should go down by same tendency.
Once the concept of beta is understood, an investor can intuitively determine whether or not a particular stock has a high or low beta. For example, an established blue chip company in a mature industry with stable earnings will most likely have a much lower beta compared to a start up Biotechnology Company.
Short Ratio of stock is 13.71. McEwen Mining Inc. is a part of Basic Materials sector and belongs to Gold industry. The recent session has given its stock price a 12.64% up lead over its 52-week low and showed lower move of -41.68% over its 52-week high.
The 52 week range is a simple technical indicator that lists the highest and lowest price at which a security was sold over preceding 52 weeks (or one year). Investors, especially technical analysts, may use the 52 week range to gauge whether a stock’s current price suggests buying, selling, or taking no-action. Many value investors look for stocks that are at or near their 52 week low, but this metric alone does not indicate whether a stock is under-valued. For example, a stock may near its 52 week low in a price correction after earnings expectations for future quarters were revised. There is no guarantee that when share prices reach a 52 week low, the stock will begin to trade higher – it could break down to an even lower level. However, as 52 Week Range has little to no connection whatsoever with current news or forces affecting companies today, very few investors rely heavily on the metric. Instead, the 52 Week Range is generally used more as a descriptive metric to describe what the stock has done and not what it will do.
The stock price volatility remained at 5.06% in recent month and reaches at 3.33% for the week. Historical statistical volatility is a measure of how much the stock price fluctuated during a given time period. While historical volatility can be indicative of future volatility, it can also differ greatly from future volatility, depending on what was driving the price changes during the past period. Major expected news items are more important drivers of big moves in the stock price in the near future. The Average True Range (ATR) is also a measure of volatility is currently sitting at 0.1
McEwen Mining Inc. (MUX) Stock Price Analysis:
It is a positive indicator for investor portfolio value — when the price of a stock Investor owns goes up in value. On the other side it is not a negative indicator for Investor portfolio value when the price of a stock Investor owns moves down in value. After the giving short look at one day return of McEwen Mining Inc. it is observed that MUX reported positive return of 0.49% in last trading session.
Now we move forward to see the historical returns of McEwen Mining Inc. which is Canada based stock. The stock is currently showing negative return of -1.44% throughout last week and witnessed rising return of 0.99% in one month period. The stock price soared 12.02% in three months and declined -20.23% for the last six months trading period.
MUX indicated a yearly downward return of -37.50% while year-to-date (YTD) return printed -10.09% bearish outlook. The stock price moved -19.61% off its 50 Day low and changed 9.63% to its 50 Day high.
Moving average of McEwen Mining Inc. (MUX)
McEwen Mining Inc. (MUX) stock price traded at a gap of -2.80% from an average price of last twenty days and stands at a distance of -6.61% away from it’s an average price of recent fifty days. Take a look at most-well known 200-day moving average which averages prices over the past 200 days. The 200-day moving average is the standby for long-term investors. At present time the stock is moving -10.03% away to its 200-day moving average. It goes without saying that investors should not rely solely on any one technique. However, applying moving-average strategies in conjunction with portfolio diversification and prudent money management may reduce one’s risk substantially.
McEwen Mining Inc. (MUX) stock is Overbought or Oversold?
The stock has current RSI value of 45.76. The RSI is a momentum indicator developed by noted technical analyst Welles Wilder. It provides a relative evaluation of the strength of a security’s recent price performance. RSI values range from 0 to 100. Wilder recommended a 14-period smoothing. It is primarily used to attempt to identify overbought or oversold conditions in the trading of an asset.
Traditional reading and handling of the RSI is that it values 70 or above shows that a security is becoming overbought or overvalued. On the other side of RSI values, an RSI reading of 30 or below is commonly interpreted as indicating an oversold or undervalued condition. Some traders, in an attempt to avoid false signals from the RSI, use more extreme RSI values as buy or sell signals, such as RSI readings above 80 to indicate overbought conditions and RSI readings below 20 to indicate oversold conditions. The RSI is often used in conjunction with trend lines, as trend line support or resistance often coincides with support or resistance levels in the RSI reading. Investor place
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