Silvercorp Metals Inc (AMEX:SVM) shares, rose in value on Thursday, April 04, with the stock price up by 2.11% to the previous day’s close as strong demand from buyers drove the stock to $3.84.
Actively observing the price movement in the recent trading, the stock is buoying the session at $3.76. The value of beta (5-year monthly) is 0.91 whereas the PE ratio is 22.24 over 12-month period. Referring to stock’s 52-week performance, its high was $4.20, and the low was $2.08. On the whole, SVM has fluctuated by 44.88% over the past month.
With the market capitalization of Silvercorp Metals Inc currently standing at about $681.00 million, investors are eagerly awaiting this quarter’s results, scheduled for May 23, 2024 – May 27, 2024. The company’s Forward Dividend Ratio is 0.03, with its dividend yield at 0.65%. 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 $0.08 for fiscal year $0.22 and then to about $0.26 by fiscal year 2025. Data indicates that the EPS growth is expected to be 4.80% in 2025, while the next year’s EPS growth is forecast to be 18.20%.
Analysts have estimated the company’s revenue for the quarter at $40.2 million, with a low estimate of $40 million and a high estimate of $40.4 million. According to the average forecast, sales growth in current quarter could jump up 17.70%, 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 $210.85 million, representing an increase of 1.30% 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 SVM’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 75% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.45, with the price of SVM currently trading nearly 27.61% and 45.17% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 87.07, while the 7-day volatility ratio is showing 4.40% which for the 30-day chart, stands at 4.56%. Furthermore, Silvercorp Metals Inc (SVM)’s beta value is 1.21, and its average true range (ATR) is 0.14.
A comparison of Silvercorp Metals Inc (SVM) with its peers suggests the former has fared considerably weaker in the market. SVM showed an intraday change of 2.11% in today’s session so far, and over the past year, it shrunk by -1.05%%.
Data on historical trading for Silvercorp Metals Inc (AMEX:SVM) indicates that the trading volumes over the past 10 days have averaged 2.55 million and over the past 3 months, they’ve averaged 1.60 million. According to company’s latest data on outstanding shares, there are 176.77 million shares outstanding.
Nearly 4.53% of Silvercorp Metals Inc’s shares belong to company insiders and institutional investors own 31.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.52 million shares as on Mar 15, 2024, resulting in a short ratio of 2.72. According to the data, the short interest in Silvercorp Metals Inc (SVM) stood at 2.56% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 3.47 million. The stock has risen by 45.98% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SVM stock heading into the next quarter.
