Bullish Or Bearish For Americas Gold and Silver Corporation (AMEX: USAS) In 2024

Americas Gold and Silver Corporation (AMEX:USAS) shares, rose in value, with the stock price up by 10.49% to the previous day’s close as strong demand from buyers drove the stock to $0.25.

Actively observing the price movement in the last trading, the stock closed the session at $0.22. 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 3.89% over the past month.

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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 -$0.02, which is expected to increase to -$0.02 for fiscal year -$0.13 and then to about -$0.09 by fiscal year 2025. Data indicates that the EPS growth is expected to be 18.80% in 2025, while the next year’s EPS growth is forecast to be 30.80%.

Analysts have estimated the company’s revenue for the quarter at $31.1 million, with a low estimate of $31.1 million and a high estimate of $31.1 million. According to the average forecast, sales growth in current quarter could jump up 40.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $115 million, representing an increase of 28.40% 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 Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of USAS currently trading nearly 10.41% and 11.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.54, while the 7-day volatility ratio is showing 6.06% which for the 30-day chart, stands at 7.62%. Furthermore, Americas Gold and Silver Corporation (USAS)’s beta value is 1.33, 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 10.49% in last session, and over the past year, it shrunk by -48.21%%.

Data on historical trading for Americas Gold and Silver Corporation (AMEX:USAS) indicates that the trading volumes over the past 10 days have averaged 1.51 million and over the past 3 months, they’ve averaged 1.02 million. 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 23.24% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.03 million shares as on Mar 15, 2024, resulting in a short ratio of 3.63. According to the data, the short interest in Americas Gold and Silver Corporation (USAS) stood at 2.82% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 3.74 million. The stock has fallen by -2.13% 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.