Americas Gold and Silver Corporation (AMEX:USAS) shares, rose in value, with the stock price down by -6.01% to the previous day’s close as strong demand from buyers drove the stock to $0.20.
Actively observing the price movement in the last trading, the stock closed the session at $0.22. The value of beta (5-year monthly) was 1.51. Referring to stock’s 52-week performance, its high was $0.60, and the low was $0.20. On the whole, USAS has fluctuated by -6.14% over the past month.
With the market capitalization of Americas Gold and Silver Corporation currently standing at about $44.11 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 15, 2024 – Mar 18, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.03, which is expected to increase to -$0.02 for fiscal year -$0.13 and then to about -$0.13 by fiscal year 2024.
Analysts have estimated the company’s revenue for the quarter at $27.9 million, with a low estimate of $27.9 million and a high estimate of $27.9 million. According to the average forecast, sales growth in current quarter could jump up 37.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $91 million, representing an increase of 7.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that USAS’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of USAS currently trading nearly -9.54% and -9.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.80, while the 7-day volatility ratio is showing 9.61% which for the 30-day chart, stands at 7.98%. Furthermore, Americas Gold and Silver Corporation (USAS)’s beta value is 1.34, and its average true range (ATR) is 0.02.
A comparison of Americas Gold and Silver Corporation (USAS) with its peers suggests the former has fared considerably weaker in the market. USAS showed an intraday change of -6.01% in last session, and over the past year, it shrunk by -56.32%%.
Data on historical trading for Americas Gold and Silver Corporation (AMEX:USAS) indicates that the trading volumes over the past 10 days have averaged 1.35 million and over the past 3 months, they’ve averaged 674.11K. According to company’s latest data on outstanding shares, there are 217.08 million shares outstanding.
Nearly 0.42% of Americas Gold and Silver Corporation’s shares belong to company insiders and institutional investors own 23.39% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.03 million shares as on Feb 29, 2024, resulting in a short ratio of 7.95. According to the data, the short interest in Americas Gold and Silver Corporation (USAS) stood at 1.86% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 3.45 million. The stock has fallen by -20.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the USAS stock heading into the next quarter.
