First Majestic Silver Corporation (NYSE:AG) price on Thursday, April 18, fall -1.02% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.77.
A look at the stock’s price movement, the close in the last trading session was $6.84. The beta value (5-Year monthly) was 1.37. Turning to its 52-week performance, $8.44 and $4.17 were the 52-week high and 52-week low respectively. Overall, AG moved 28.71% over the past month.
First Majestic Silver Corporation’s market cap currently stands at around $1.94 billion, with investors looking forward to this quarter’s earnings report slated for May 02, 2024 – May 06, 2024. The company has a Forward Dividend ratio of 0.02, with its dividend yield at 0.30%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that AG is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
AG’s current price about 0.74% and 20.91% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.27, while 7-day volatility ratio is 7.71% and 6.95% in the 30-day chart. Further, First Majestic Silver Corporation (AG) has a beta value of 1.37, and an average true range (ATR) of 0.46.
If we refocus on First Majestic Silver Corporation (NYSE:AG), historical trading data shows that trading volumes averaged 9.08 million over the past 3 months. The company’s latest data on shares outstanding shows there are 287.15 million shares.
The 2.36% of First Majestic Silver Corporation’s shares are in the hands of company insiders while institutional holders own 29.73% of the company’s shares. Current price change has pushed the stock 10.08% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AG stock continues to rise going into the next quarter.
