Eldorado Gold Corporation (EGO): From Top to Bottom

Eldorado Gold Corporation (EGO) is an interesting player in the Basic Materials space, with a focus on Gold. The stock has been active on the tape, currently trading at $1.43, down from yesterday’s close by -0.69%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Eldorado Gold Corporation (EGO) currently trades with a market capitalization of $1.14 Billion. That value represents a market adjusting for revenues that have been falling by -17.97 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$353.88 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0.01 on a per share basis this quarter. Perhaps, that suggests something about why 0.00% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Eldorado Gold Corporation recorded a 52-week high of $3.91. It is now trading 2.48% off that level. The stock is trading $1.29 its 50-day moving average by -0.14%. The stock carved out a 52-week low down at $1.10.

In recent action, Eldorado Gold Corporation (EGO) has made a move of +26.55% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.03, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.76% with $792.21 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of EGO.

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