Wall Street’s most bullish Alexco Resource Corp. (NYSE:AXU) analysts are predicting the share price to blow past $2.98 per share during the next 12 months. The current median share price forecast by them is $2.09, suggesting that the stock could increase 48.23% in that time frame. The average price target of $2.24 calls for a nearly 58.87% increase in the stock price.
Alexco Resource Corp. (NYSE:AXU) rose 3.68% in recent trade and currently has a stock-market value of $152.27M. The shares finished at $1.41, after trading as low as $1.35 earlier in the session. It hit an intraday high Wednesday at $1.41. Trading activity significantly weakened as the volume at ready counter decreased to 395,478 shares versus 400,985 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 330,006 shares. The stock is now 107.35% above against its bear-market low of $0.68 on November 13, 2018. It has retreated -20.57% since it’s 52-week high of $1.7 reached in April. Now the market price is down 0% on the year and up 50.02% YTD.
AXU stock’s 50 day simple moving average (SMA 50) price is $1.15 and its 200-day simple moving average (SMA 200) price is $1.1. The company’s stock currently has a total float of 103.39M shares. Its weekly volatility is hovering around 4.9% and felt 5.53% volatility in price over a month. On the upside, the share price will test short term resistance at around $1.43. On a downside, the stock is likely to find some support, which begins at $1.37. The failure to get near-term support could push it to $1.33.
It had seen a new analyst call from ROTH Capital, which initiated the stock at Buy on February 20. Analysts at H.C. Wainwright, started covering the stock on July 07 with a Buy rating. The stock lost favor of Global Hunter Securities analysts who expressed their lack of confidence in it using a downgrade from Accumulate to Neutral on August 08. Global Hunter Securities, released new analyst coverage on February 16, calling the stock is Accumulate.
Also, it is trading at rather expensive levels at just over 1.74x price/book and 15.23x price/sales. Compared to others, Alexco Resource Corp. is in a different league with regards to profitability, having net margins of -62.7%. To put some perspective around this, the industry’s average net margin is 4.28%. AXU’s ROE is -7.3%, which is also considerably worse than the industry’s ROE of 8.13%. It’s also very liquid in the near term, with a current ratio of 2.9. The stock has a debt/capital of 0.
Shares of AXU have gained 100% since the company’s most recent earnings report. Over the past 4 fiscal quarters, Alexco Resource Corp. (NYSE:AXU) has topped consensus earnings estimates in 1 quarters (8%), missed earnings in 1 quarters (8%), whereas at 2 occasion EPS met analyst expectations. AXU last reported earnings that exceeded expectations. The company raked in -$0.01 per share, -99.98% change on the same period last year. That was better than consensus for -$0.02. Revenue for the recent quarter stood at $16.72 million, down -83700% on last year and below the $31.83 million predicted by analysts.
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