First Majestic Silver Corporation (NYSE:AG) shares, rose in value, with the stock price down by -0.13% to the previous day’s close as strong demand from buyers drove the stock to $7.50.
Actively observing the price movement in the last trading, the stock closed the session at $7.51. The value of beta (5-year monthly) was 1.28. Referring to stock’s 52-week performance, its high was $8.07, and the low was $4.17. On the whole, AG has fluctuated by 52.75% over the past month.
With the market capitalization of First Majestic Silver Corporation currently standing at about $2.15 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2024 – May 06, 2024. The company’s Forward Dividend Ratio is 0.02, with its dividend yield at 0.27%. 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 -$0.01, which is expected to increase to $0.04 for fiscal year -$0.01 and then to about $0.25 by fiscal year 2025. Data indicates that the EPS growth is expected to be 87.50% in 2025, while the next year’s EPS growth is forecast to be 2,600.00%.
Analysts have estimated the company’s revenue for the quarter at $124 million, with a low estimate of $124 million and a high estimate of $124 million. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $488.86 million, representing a decrease of -14.80% 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 1 upward and no downward review(s) in last seven days. We see that AG’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 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AG currently trading nearly 33.37% and 48.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 81.60, while the 7-day volatility ratio is showing 7.51% which for the 30-day chart, stands at 5.47%. Furthermore, First Majestic Silver Corporation (AG)’s beta value is 1.41, and its average true range (ATR) is 0.34.
A comparison of First Majestic Silver Corporation (AG) with its peers suggests the former has fared considerably weaker in the market. AG showed an intraday change of -0.13% in last session, and over the past year, it grew by 3.45%%.
Data on historical trading for First Majestic Silver Corporation (NYSE:AG) indicates that the trading volumes over the past 10 days have averaged 10.23 million and over the past 3 months, they’ve averaged 7.89 million. According to company’s latest data on outstanding shares, there are 287.15 million shares outstanding.
Nearly 2.35% of First Majestic Silver Corporation’s shares belong to company insiders and institutional investors own 29.68% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 19.95 million shares as on Mar 15, 2024, resulting in a short ratio of 2.61. According to the data, the short interest in First Majestic Silver Corporation (AG) stood at 6.95% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 20.46 million. The stock has risen by 21.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AG stock heading into the next quarter.
