Fortuna Silver Mines Inc. (NYSE:FSM) shares, rose in value, with the stock price down by -0.88% to the previous day’s close as strong demand from buyers drove the stock to $4.53.
Actively observing the price movement in the last trading, the stock closed the session at $4.57. The value of beta (5-year monthly) was 1.55. Referring to stock’s 52-week performance, its high was $4.59, and the low was $2.58. On the whole, FSM has fluctuated by 50.50% over the past month.
With the market capitalization of Fortuna Silver Mines Inc. currently standing at about $1.39 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 13, 2024 – May 17, 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 $0.06, which is expected to increase to $0.08 for fiscal year $0.11 and then to about $0.13 by fiscal year 2025. Data indicates that the EPS growth is expected to be -50.00% in 2025, while the next year’s EPS growth is forecast to be 18.20%.
Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $892.6 million, representing an increase of 6.00% 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 FSM’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 50% Sell while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of FSM currently trading nearly 28.95% and 43.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 81.71, while the 7-day volatility ratio is showing 6.86% which for the 30-day chart, stands at 5.30%. Furthermore, Fortuna Silver Mines Inc. (FSM)’s beta value is 1.63, and its average true range (ATR) is 0.19.
A comparison of Fortuna Silver Mines Inc. (FSM) with its peers suggests the former has fared considerably weaker in the market. FSM showed an intraday change of -0.88% in last session, and over the past year, it grew by 16.15%%.
Data on historical trading for Fortuna Silver Mines Inc. (NYSE:FSM) indicates that the trading volumes over the past 10 days have averaged 6.09 million and over the past 3 months, they’ve averaged 5.25 million. According to company’s latest data on outstanding shares, there are 306.59 million shares outstanding.
Nearly 1.15% of Fortuna Silver Mines Inc.’s shares belong to company insiders and institutional investors own 42.82% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.19 million shares as on Mar 15, 2024, resulting in a short ratio of 0.92. According to the data, the short interest in Fortuna Silver Mines Inc. (FSM) stood at 1.69% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 3.76 million. The stock has risen by 17.36% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FSM stock heading into the next quarter.
