MAG Silver Corp. (AMEX:MAG) shares, rose in value, with the stock price down by -0.08% to the previous day’s close as strong demand from buyers drove the stock to $12.96.
Actively observing the price movement in the last trading, the stock closed the session at $12.97. The PE ratio was 27.46 over 12-month period. Referring to stock’s 52-week performance, its high was $13.62, and the low was $8.19. On the whole, MAG has fluctuated by 31.17% over the past month.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MAG’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 25% 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 MAG currently trading nearly 8.31% and 27.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.97, while the 7-day volatility ratio is showing 4.73% which for the 30-day chart, stands at 4.79%. Furthermore, MAG Silver Corp. (MAG)’s beta value is 1.09, and its average true range (ATR) is 0.55.
A comparison of MAG Silver Corp. (MAG) with its peers suggests the former has fared considerably weaker in the market. MAG showed an intraday change of -0.08% in last session, and over the past year, it grew by 0.54%%.
Data on historical trading for MAG Silver Corp. (AMEX:MAG) indicates that the trading volumes over the past 3 months, they’ve averaged 917.09K. According to company’s latest data on outstanding shares, there are 102.97 million shares outstanding.
Nearly 10.00% of MAG Silver Corp.’s shares belong to company insiders and institutional investors own 60.70% of the company’s shares. The stock has risen by 24.50% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MAG stock heading into the next quarter.
