AMRK Stock Summary and Trading Ideas (A-Mark Precious Metals | NASDAQ:AMRK)

A-Mark Precious Metals Inc is a precious metal trading company. It is principally engaged in the wholesale of gold, silver, platinum and palladium bullion and related products in the form of bars, wafers, coins, and grains. The company's operating segment includes Wholesale Trading and Ancillary Services; Secured Lending and Direct Sales. It generates maximum revenue from the Wholesale Trading and Ancillary Services segment. The Wholesale Trading and Ancillary Services segment comprises business units such as Industrial, Coin and Bar, Trading and Finance, Storage, Logistics, and Mint. Geographically, it derives a majority of its revenue from the United States.

A-Mark Precious Metals trades on the NASDAQ stock market under the symbol AMRK.

As of April 25, 2024, AMRK stock price climbed to $38.33 with 53,181 million shares trading.

AMRK has a beta of 0.71, meaning it tends to be less sensitive to market movements. AMRK has a correlation of 0.04 to the broad based SPY ETF.

AMRK has a market cap of $876.01 million. This is considered a Small Cap stock.

Last quarter A-Mark Precious Metals reported $2 billion in Revenue and $.57 earnings per share. This fell short of revenue expectation by $-161 million and missed earnings estimates by -$.22.

In the last 3 years, AMRK stock traded as high as $44.60 and as low as $18.38.

The top ETF exchange traded funds that AMRK belongs to (by Net Assets): VTI, IWM, FNDA, VXF, IWN.

AMRK has underperformed the market in the last year with a price return of +12.4% while the SPY ETF gained +22.7%. However, in the short term, AMRK had mixed performance relative to the market. It has outperformed in the last 3 months, returning +38.6% vs +3.3% return in SPY. But in the last 2 weeks, AMRK shares have been beat by the market, returning -3.2% compared to an SPY return of -2.8%.

AMRK support price is $36.84 and resistance is $39.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMRK stock will trade within this expected range on the day.