SilverCrest Metals Inc (AMEX:SILV) shares, rose in value, with the stock price down by -2.54% to the previous day’s close as strong demand from buyers drove the stock to $6.91.
Actively observing the price movement in the last trading, the stock closed the session at $7.09. The value of beta (5-year monthly) was 1.05 whereas the PE ratio was 8.84 over 12-month period. Referring to stock’s 52-week performance, its high was $7.56, and the low was $4.16. On the whole, SILV has fluctuated by 26.56% over the past month.
With the market capitalization of SilverCrest Metals Inc currently standing at about $1.02 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 09, 2024 – May 13, 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 $0.09 for fiscal year $0.31 and then to about $0.3 by fiscal year 2025. Data indicates that the EPS growth is expected to be -60.80% in 2025, while the next year’s EPS growth is forecast to be -3.20%.
Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $206.71 million, representing a decrease of -15.70% 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 SILV’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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SILV currently trading nearly 7.38% and 19.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.58, while the 7-day volatility ratio is showing 3.90% which for the 30-day chart, stands at 5.20%. Furthermore, SilverCrest Metals Inc (SILV)’s beta value is 1.30, and its average true range (ATR) is 0.29.
A comparison of SilverCrest Metals Inc (SILV) with its peers suggests the former has fared considerably weaker in the market. SILV showed an intraday change of -2.54% in last session, and over the past year, it shrunk by -3.76%%.
Data on historical trading for SilverCrest Metals Inc (AMEX:SILV) indicates that the trading volumes over the past 10 days have averaged 1.73 million and over the past 3 months, they’ve averaged 1.37 million. According to company’s latest data on outstanding shares, there are 146.94 million shares outstanding.
Nearly 4.10% of SilverCrest Metals Inc’s shares belong to company insiders and institutional investors own 53.27% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.61 million shares as on Mar 15, 2024, resulting in a short ratio of 7.39. According to the data, the short interest in SilverCrest Metals Inc (SILV) stood at 8.58% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 11.6 million. The stock has risen by 5.50% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SILV stock heading into the next quarter.
