Gold Standard Ventures Corp (GSV): Temporary Roadblocks Mean Patience Is Necessary

The stock of Gold Standard Ventures Corp (NYSE:GSV) has been Initiated to Buy by B. Riley FBR in its latest research note that was published on July 25. GSV was given a price target of $2.15, with other Wall Street analysts also giving their reports regarding the stock. BMO Capital Markets, analysts launched coverage of GSV stock with a Outperform rating, according to their flash note to investors on June 08.

Gold’s stock is covered by 3 analysts, with 1 of them rating the stock as Buy. It has been deemed to have strong buy by 2 of the analysts, none of them have rated it as a Hold while none of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 1 analysts. 3 of them rated it as strong buy with none of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that GSV has an average analyst rating of 1.67.

Gold Standard Ventures Corp, which has current market capitalization of above $246 Million, published its last quarter earnings on March 31, 2019. During the first quarter of the year, Gold also recorded $-0.01 earnings per share (EPS) which is $0 above the $-0.01 estimated by Thomson Reuter’s analyst, leading to a surprise factor of -53.85%.

GSV surged by $0.01 during the normal trading session on Monday and reaching a high of $1.01 during the day while it closed the day at $0.94. The Gold stock had a low trading volume of 0.45 million shares on that day, which is low compared to the average daily volume of 322.37M shares. GSV has also lost 11.77% of its value over the past 7 days. However, the stock has declined by 8.34% in the 3 months of the year. Over the past six months meanwhile, it has lost 25.07% while it has lost 24.47% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -21.98% from its 3 months high price. However, taking another look at GSV will indicate that it is trading +1.71% away from its 90-day low. Looking at the bigger picture, the Gold Standard Ventures Corp stock has dropped by -49.24% from its 52-week high while it has surged by +9.45% from its 52-week low price.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 5.64%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 8.75%. Over the past 20 days, Gold’s Stochastic %K stood at 38.23% while its Stochastic %D was revealed to be 46.35%.