Is It Worthwhile For Investors To Follow These Insider Trades On i-80 Gold Corp. (IAUX)?

i-80 Gold Corp. (AMEX:IAUX) traded with an addition of $0.02 to close at $2.62on Thursday, an upside of 0.77 percent. An average of 890,656 shares of common stock have been traded in the last five days. There was a gain of $0.08 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 967,329 shares traded, while the 50-day average volume stands at 1,191,548.

IAUX stock has increased by 4.80% in the last month. The company shares reached their 1-month lowest point of $2.35 on 04/25/23. With the stock rallying to its 52-week high on 01/04/23, shares of the company touched a low of $1.52 and a high of $3.18 in 52 weeks. It has reached a new high 2 times so far this year and lost -7.09% or -$0.22 in price. In spite of this, the price is down -17.61% from the 52-week high.

Valuation Metrics

i-80 Gold Corp. (IAUX) has a trailing price-to-sales (P/S) ratio at 17.36, the price-to-book (PB) ratio at 1.88.

Financial Health

Its gross profit as reported stood at $8.1 million compared to revenue of $36.96 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at i-80 Gold Corp. (IAUX) price momentum. RSI 9-day as of the close on 03 May was 60.42%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.09%.

As of today, IAUX’s price is $2.58 +3.17% or $0.08 from its 5-day moving average. IAUX is currently trading +4.84% higher than its 20-day SMA and -6.14% lower than its 100-day SMA. However, the stock’s current price level is +11.11% above the SMA50 and +55.69% above the SMA200.

The stochastic %K and %D were 78.94% and 70.18%, respectively, and the average true range (ATR) was 0.10. With the 14-day stochastic at 78.12% and the average true range at 0.10, the RSI (14) stands at 58.75%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at 0.08.

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

Analysts predict a range of price targets between $3.32 and $5.17, with a median target of $4.12. Taking a look at these predictions, the average price target given by analysts for i-80 Gold Corp. (IAUX) stock is $4.12.

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