Investors could set buy and sell price points around target prices to maximize returns. Analysts see the Hudbay Minerals Inc. (HBM) stock as better bet to trade as they suggested $10.71 price target for the stock upside to current $2.45 share price. The ideal time to sell a stock is usually when it is trading higher than its target price range or during overheated markets. The ideal time to buy a stock is usually when it is trading at a substantial discount to its target price. This discount could be the result of weak market conditions or overreaction to recent company setbacks.
With upside potential target price move of 337.14% comparing to current price, stock can be highly risky or profitable so need to be careful here. Analysts have set a Buy rating on stock with 2 mean recommendation. However, few traders solely rely on analysts’ opinion to trade instead of careful review on stock. Analysts’ opinion on stock can be helpful to initiate simple analysis.
Technical Indicators and Volatility: Hudbay Minerals Inc. stock is trading in normal condition area as its RSI value is 57.73. Where Relative Strength Index helps to understand the price condition of the stock. RSI value is based on last 14-days performance.
Some Investors also rely on moving averages to the price trend for longer time periods. The stock is trading 13.66% from SMA of 20 days and standing 16.48% away from SMA of 50 days while moved -25.21% away from SMA of 200 days.
Hudbay Minerals Inc. (HBM) stock changed -3.16% to $2.45 on Thursday. The stock registered daily trading volume of 6096753 shares vs to average volume size of 2.08M shares. HBM maintained activity of relative volume at 2.93.
When seeing the longer performance trend, Hudbay Minerals Inc. stock managed to keep 7.46% return for the weekly session and noted performance of 28.95% for monthly period. The stock is showing a move of -40.96% so far this year and uncovered flow of -62.02% in last one year.
The shares price demonstrated -23.68% return for quarterly session while it has presented performance of -37.18% over the past six months. The stock revealed 99.19% change to a low over the previous 12 months and revealed move of -63.30% to a high over the same period.
Analysts usually set price target on assumptions about the company’s fundamentals as well. The company pays 0.41% of dividend annually from its total earnings. The Company has EPS of $-1.32.
The Company earnings annual growth is 46.16% in past 5 years decade . Its sales growth for quarter over quarter is -7.80%. Looking a yearly overview, the company earnings growth is noted at 26.20% for this year and estimated to achieve 41.60% growth for next year.