Fact Check: What’s up with Alexco Resource Corp. (AXU) today

The biggest gainers of the session on the Wall Street include Alexco Resource Corp. (NYSE:AXU), which rose 0.03 points or 3.43% to trade at $1.05 as last check. The stock closed last session at $1.02 and sets an active trading volume day with a reported 323038 contracts so far this session. AXU shares had a relatively better volume day versus average trading capacity of 330.89 thousand shares, but with a 0.1 billion float and a 0% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for AXU stock indicates that the average analyst price target is $1.77 per share. This means the stock has a potential increase of 68.57% from where the AXU share price has been trading recently which is between $1.02 and $1.07. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $1.8.

The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Alexco Resource (AXU) Moves to Buy: Rationale Behind the Upgrade” and dated May 15, 2019.

During the recent trading session for Alexco Resource Corp. (NYSE:AXU), the company witnessed their stock rise $unch over a week and surge $0.09 from the price 20 days ago. When compared to their established 52-week high of $1.48, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 07/09/18. The recent low of $0.68 stood for a -28.72% since 11/13/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.25 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for Alexco Resource Corp., the two-week RSI stands at 47.12. This figure suggests that AXU stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current AXU readings is similarly very revealing as it has a stochastic reading of 57.78% at this stage. This figure means that AXU share price today is being neutral.

Technical chart claims that Alexco Resource Corp. (AXU) would settle between $1.06/share to $1.09/share level. However, if the stock price goes below the $1 mark, then the market for Alexco Resource Corp. becomes much weaker. If that happens, the stock price might even plunge as low as $0.98 for its downside target.

Analysts at ROTH Capital, assumed coverage of AXU assigning Buy rating, according to their opinion released on February 20. H.C. Wainwright, analysts launched coverage of Alexco Resource Corp. (NYSE:AXU) stock with a Buy recommendation, according to their flash note issued to investors on July 07. Analysts at Global Hunter Securities lowered the stock to a Neutral call from its previous Accumulate recommendation, in a research note that dated back to August 08.

AXU equity has an average rating of 1.67, with the figure leaning towards a bullish end. 3 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 3 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 3 analysts rated Alexco Resource Corp. (NYSE:AXU) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.

Moving on, AXU stock price is currently trading at 6.54X forward 12-month Consensus EPS estimates, and its P/S ratio is 7.54 while for the average stock in the same group, the multiple is 70.97.

Alexco Resource Corp. (AXU)’s current-quarter revenues are projected to climb by nearly 88.73% to hit $5.19 million, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 37.37% from $15.24 million to a noteworthy $20.94 million. At the other end of the current quarter income statement, Alexco Resource Corp. is expected to see its adjusted earnings surge by roughly 50% to hit $-0.01 per share. For the fiscal year, AXU’s earnings are projected to climb by roughly 50% to hit $-0.03 per share.