Avino Silver & Gold Mines Ltd. (AMEX:ASM) shares, rose in value, with the stock price down by -5.74% to the previous day’s close as strong demand from buyers drove the stock to $0.76.
Actively observing the price movement in the last trading, the stock closed the session at $0.81. The value of beta (5-year monthly) was 1.87 whereas the PE ratio was 186.22 over 12-month period. Referring to stock’s 52-week performance, its high was $1.01, and the low was $0.40. On the whole, ASM has fluctuated by 53.47% over the past month.
With the market capitalization of Avino Silver & Gold Mines Ltd. currently standing at about $99.25 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 26, 2024 – Apr 01, 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 $0.01, which is expected to increase to $0.02 for fiscal year $0.05 and then to about $0.07 by fiscal year 2025.
Analysts have estimated the company’s revenue for the quarter at $13.08 million, with a low estimate of $12.5 million and a high estimate of $13.67 million. According to the average forecast, sales growth in current quarter could jump up 33.10%, 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 $60.55 million, representing an increase of 38.00% 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 ASM’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% Buy 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 ASM currently trading nearly 27.65% and 46.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.62, while the 7-day volatility ratio is showing 11.81% which for the 30-day chart, stands at 7.20%. Furthermore, Avino Silver & Gold Mines Ltd. (ASM)’s beta value is 2.07, and its average true range (ATR) is 0.05.
A comparison of Avino Silver & Gold Mines Ltd. (ASM) with its peers suggests the former has fared considerably weaker in the market. ASM showed an intraday change of -5.74% in last session, and over the past year, it shrunk by -17.67%%.
Data on historical trading for Avino Silver & Gold Mines Ltd. (AMEX:ASM) indicates that the trading volumes over the past 10 days have averaged 0.99 million and over the past 3 months, they’ve averaged 575.26K. According to company’s latest data on outstanding shares, there are 130.00 million shares outstanding.
Nearly 4.97% of Avino Silver & Gold Mines Ltd.’s shares belong to company insiders and institutional investors own 5.86% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.19 million shares as on Mar 15, 2024, resulting in a short ratio of 0.32. According to the data, the short interest in Avino Silver & Gold Mines Ltd. (ASM) stood at 0.15% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.22 million. The stock has risen by 45.71% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ASM stock heading into the next quarter.
