The trading price of SilverCrest Metals Inc (AMEX:SILV) floating higher at last check on Tuesday, March 12, closing at $6.13, 0.49% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 7.84. In examining the 52-week price action we see that the stock hit a 52-week high of $7.56 and a 52-week low of $4.16. Over the past month, the stock has gained 10.85% in value.
SilverCrest Metals Inc, whose market valuation is $893.82 million at the time of this writing, is expected to release its quarterly earnings report May 09, 2024 – May 13, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.07 per share this quarter, however they have predicted annual earnings per share of $0.34 for 2024 and $0.34 for 2025. It means analysts are expecting annual earnings per share growth of -57.00%.
From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $208.53 million. The company’s revenue is forecast to drop by -14.90% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of SilverCrest Metals Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest SILV has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that SILV’s price is currently 15.80% off the SMA20 and 7.69% off the SMA50. The RSI metric on the 14-day chart is currently showing 68.82, and weekly volatility stands at 6.81%. When measured over the past 30 days, the indicator reaches 4.51%. SilverCrest Metals Inc (AMEX:SILV)’s beta value is currently sitting at 1.27, while the Average True Range indicator is currently displaying 0.28.
To see how SilverCrest Metals Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: SILV stock’s performance was 0.49% at last check in today’s session, and 11.05% in the past year. SilverCrest Metals Inc has a P/E ratio of 7.84.
An evaluation of the daily trading volume of SilverCrest Metals Inc (AMEX:SILV) indicates that the 3-month average is 1.18 million. However, this figure has increased over the past 10 days to an average of 2.07 million.
Currently, records show that 146.94 million of the company’s shares remain outstanding. The insiders hold 4.13% of outstanding shares, whereas institutions hold 53.68%. The stats also highlight that short interest as of Feb 29, 2024, stood at 11.64 million shares, resulting in a short ratio of 12.42 at that time. From this, we can conclude that short interest is 7.92% of the company’s total outstanding shares. It is noteworthy that short shares in February were down slightly from the previous month’s figure, which was 12.22 million. However, since the stock’s price has seen -6.41% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
