Fortuna Silver Mines Inc. (NYSE: FSM) Is Down -79.84% Since Its Low, And It’s Only Getting Started.

The trading price of Fortuna Silver Mines Inc. (NYSE:FSM) floating higher at last check on Tuesday, April 23, closing at $4.64, 3.23% higher than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $4.94 and a 52-week low of $2.58. Over the past month, the stock has gained 36.73% in value.

Fortuna Silver Mines Inc., whose market valuation is $1.42 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.06 per share this quarter, however they have predicted annual earnings per share of $0.18 for 2024 and $0.21 for 2025. It means analysts are expecting annual earnings per share growth of -18.20% this year and 16.70% next year.

Analysts have forecast the company to bring in revenue of $226 million for the current quarter, with the likely lows of $226 million and highs of $226 million. The average estimate suggests sales will likely up by 28.60% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $915.32 million. The company’s revenue is forecast to grow by 8.70% over what it did in 2024.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Fortuna Silver Mines Inc. no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest FSM has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

A quick review shows that FSM’s price is currently 6.67% off the SMA20 and 29.99% off the SMA50. The RSI metric on the 14-day chart is currently showing 65.68, and weekly volatility stands at 4.64%. When measured over the past 30 days, the indicator reaches 5.57%. Fortuna Silver Mines Inc. (NYSE:FSM)’s beta value is currently sitting at 1.56, while the Average True Range indicator is currently displaying 0.23.

To see how Fortuna Silver Mines Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: FSM stock’s performance was 3.23% at last check in today’s session, and 25.61% in the past year.

An evaluation of the daily trading volume of Fortuna Silver Mines Inc. (NYSE:FSM) indicates that the 3-month average is 5.71 million.

Currently, records show that 306.59 million of the company’s shares remain outstanding. The insiders hold 1.12% of outstanding shares, whereas institutions hold 42.97%. However, since the stock’s price has seen 20.08% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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