Currently, Gran Tierra Energy Inc.’s (GTE) stock is trading at $0.92, marking a fall of -2.12% from last night’s close. At this price, the stock is -57.01% below its 52-week high of $2.15 and 16.99% above its 52-week low of $0.79. Based on the past 30-day period, the stock price is -8.89% below the high and +10.47% above the low.
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The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, GTE’s SMA-200 is $1.2969.
As well, it is important to consider GTE stock ratios such as price-to-sales, which is currently 0.47.Likewise, its price to free cash flow for the last twelve months stands at 1.27.
How does Gran Tierra Energy Inc. (GTE) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 3 brokerage firms that recommend the stock as a Moderate Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 3.67 in simple terms.
Gran Tierra Energy Inc. (AMEX: GTE) Ownership Details
I will give a breakdown of the key shareholders in Gran Tierra Energy Inc. (GTE). Recent figures show that the company’s insiders hold 2.42% of shares. A total of 161 institutional investors hold shares in the company, making 36.17% of its stock and 37.06% of its float.
Sep 29, 2022, it was reported that the Company’s largest institutional holder is GMT Capital Corp holding total of 20.12 million shares that make 5.45% of the company’s total number of shares and are currently priced at 18.89 million.
The securities firm Royal Bank of Canada holds 17.78 million shares of GTE, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 4.82%, and the holding percentage of shares is valued at 16.7 million.
An overview of Gran Tierra Energy Inc.’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Gran Tierra Energy Inc. (GTE) traded 2,219,789 shares per day, with a moving average of $0.9213 and price change of -0.03. With the moving average of $1.0152 and a price change of -0.35, about 3,525,921 shares changed hands on average over the past 50 days. Finally, GTE’s 100-day average volume is 5,099,674 shares, alongside a moving average of $1.1635 and a price change of -0.49.