Is This Stock a Screaming Buy: Gulf Resources, Inc. (NASDAQ:GURE)

Equity Research firms currently have a positive stance on shares of Gulf Resources, Inc. (NASDAQ:GURE). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $14.50 on a short term basis.

At the time of writing, the stock was trading at $2.17. This represents a change from the opening price of -0.46%. In terms of performance, year to date, the stock is 19.78%. The monthly stock performance comes in at 24.57%. For the quarter, shares are performing at 49.32%. Weekly performance analysis shows the equity at 3.81%.

In taking a look at technical levels, shares are trading 16.25% away from the 50 day simple moving average and 31.35% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -13.20% away from it’s 52- week high and 59.56% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Gulf Resources, Inc.’s RSI stands at 56.56. In looking at volatility levels, the shares saw weekly volatility of 5.04% and 6.54% over the past month.

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