First Majestic Silver Corporation (NYSE:AG) shares, rose in value, with the stock price up by 2.06% to the previous day’s close as strong demand from buyers drove the stock to $6.94.
Actively observing the price movement in the last trading, the stock closed the session at $6.80. Referring to stock’s 52-week performance, its high was $8.44, and the low was $4.17. On the whole, AG has fluctuated by 32.19% over the past month.
The company’s Forward Dividend Ratio is 0.02, with its dividend yield at 0.29%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 494.11M, with a low estimate of 109M and a high estimate of 109M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 109M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AG’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% 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 AG currently trading nearly -1.66% and 19.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.06, while the 7-day volatility ratio is showing 5.40% which for the 30-day chart, stands at 6.86%. Furthermore, First Majestic Silver Corporation (AG)’s beta value is 1.39, and its average true range (ATR) is 0.43.
A comparison of First Majestic Silver Corporation (AG) with its peers suggests the former has fared considerably weaker in the market. AG showed an intraday change of 2.06% in last session, and over the past year, it shrunk by -1.56%%.
Data on historical trading for First Majestic Silver Corporation (NYSE:AG) indicates that the trading volumes over the past 3 months, they’ve averaged 9.16 million. According to company’s latest data on outstanding shares, there are 287.15 million shares outstanding.
Nearly 2.35% of First Majestic Silver Corporation’s shares belong to company insiders and institutional investors own 29.83% of the company’s shares. The stock has risen by 12.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AG stock heading into the next quarter.
