Silvercorp Metals Inc (AMEX: SVM) Drops -6.76%, Turning Investors Away

Silvercorp Metals Inc (AMEX:SVM) traded at $3.31 at close of the session on Friday, April 26, made a downward move of -6.76% on its previous day’s price.

Looking at the stock we see that its previous close was $3.55 . The company has a trailing 12-month PE ratio of 19.18. In terms of its 52-week price range, SVM has a high of $3.98 and a low of $2.08. The company’s stock has gained about 5.08% over that past 30 days.

Silvercorp Metals Inc has a market cap of $587.13 million. With its Forward Dividend at 0.03 and a yield of 0.76%, the company’s investors could be anxious for the SVM stock to gain ahead of the earnings release.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the SVM stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note that the PEG ratio for the SVM stock currently stands at 3.84, and the current price level is -8.46% off its SMA20 and 8.44% from its 50-day simple moving average. The RSI (14) is pointing at 46.14 while the volatility over the past week is 8.21% and jumps to 6.21% over the past one month. The beta value is 1.22, while the average true range (ATR) is currently pointing at 0.21.

Coming back to Silvercorp Metals Inc (AMEX:SVM), we note that the average 3-month trading volume was 2.03 million. Current shares outstanding are 176.77 million.

The insiders hold 4.57% of the company’s shares while institutions hold 32.15%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 25.86% up in year-to-date price movement.

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