Silvercorp Metals Inc (AMEX:SVM) price closed lower on Friday, April 12, dropping -7.11% below its previous close.
A look at the daily price movement shows that the last close reads $3.80. The company’s 5Y monthly beta was ticking 1.02 while its P/E ratio in the trailing 12-month period read 20.45. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.20 and 52-week low of $2.08. The stock added 23.86% on its value in the past month.
Silvercorp Metals Inc, which has a market valuation of $626.15 million, is expected to release its quarterly earnings report May 23, 2024 – May 27, 2024. The company stock has a Forward Dividend ratio of 0.03, while the dividend yield is 0.71%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give SVM a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 4.09. The overview shows that SVM’s price is at present 6.34% off the SMA20 and 25.71% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 60.03, with weekly volatility standing at 7.77%. The indicator jumps to 5.66% when calculated based on the past 30 days. Silvercorp Metals Inc (AMEX:SVM)’s beta value is holding at 1.21, while the average true range (ATR) indicator is currently reading 0.19. An analysis of the Silvercorp Metals Inc (AMEX:SVM) stock in terms of its daily trading volume indicates that the 3-month average is 1.77 million.
Current records show that the company has 176.77M in outstanding shares. The insiders’ percentage holdings are 4.53% of outstanding shares while the percentage share held by institutions stands at 31.53%. But the 34.22% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
