i-80 Gold Corp. (IAUX) Shares: Cheap or Risky?

i-80 Gold Corp. (AMEX:IAUX) saw an upside of 2.82% to close Friday at $2.19 after adding $0.06 on the day. The 5-day average trading volume is 1,019,480 shares of the company’s common stock. It has gained $2.28 in the past week and touched a new high 3 times within the past 5 days. An average of 2,460,135 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,769,344.

IAUX’s 1-month performance is -3.52% or -$0.03 on its low of $2.02 reached on 06/27/23. The company’s shares have touched a 52-week low of $1.52 and high of $3.18, with the stock’s rally to the 52-week high happening on 01/04/23. YTD, IAUX has lost -22.34% or -$0.63 and has reached a new high 2 times. However, the current price is down -31.13% from the 52-week high price.

Valuation Metrics

IAUX stock has a beta of 1.26. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 15.52 while the price-to-book (PB) in the most recent quarter is 1.51.

The firm’s gross profit as reported stood at $8.1 million against revenue of $36.96 million.

Earnings Surprise

Net income and sales went down compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than -$19.5 million. IAUX stock balance sheet for the recent quarter shows that total liabilities totaled 304.0 million, with total debt at $154.04 million.

Let’s look briefly at i-80 Gold Corp. (IAUX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 July was 49.63% to suggest the stock is trending Neutral, with historical volatility in this time period at 48.84%.

The stock’s 5-day moving average is $2.22, reflecting a +2.34% or $0.05 change from its current price. IAUX is currently trading -1.35% above its 20-day SMA, -11.34% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.13% and SMA200 by+25.14%.

Stochastic %K and %D was 61.18% and 66.72% and the average true range (ATR) pointed at 0.09. The RSI (14) points at 48.09%, while the 14-day stochastic is at 65.38% with the period’s ATR at 0.09. The stock’s 9-day MACD Oscillator is pointing at 0.02 and 0.02 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for IAUX stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate IAUX as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 7 have offered a “buy” rating.

What is IAUX’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $3.40 and a high of $5.31, with their median price target at $4.14. Looking at these predictions, the average price target given by analysts is for i-80 Gold Corp. (IAUX) stock is $4.20.

gold