Silvercorp Metals Inc (AMEX:SVM) shares, rose in value on Wednesday, May 07, with the stock price down by -2.86% to the previous day’s close as strong demand from buyers drove the stock to $3.74.
Actively observing the price movement in the last trading, the stock closed the session at $3.85. The PE ratio was 10.47 over 12-month period. Referring to stock’s 52-week performance, its high was $5.32, and the low was $2.87. On the whole, SVM has fluctuated by 12.99% over the past month.
With the market capitalization of Silvercorp Metals Inc currently standing at about $813.15 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.03, with its dividend yield at 0.67%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 299.13M, with a low estimate of 75M and a high estimate of 75.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 75.07M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SVM’s technical picture suggests that short-term indicators denote the stock is a 25% Buy on average. However, medium-term indicators have put the stock in the category of 50% 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 0.39, with the price of SVM currently trading nearly 0.44% and -1.27% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.68, while the 7-day volatility ratio is showing 4.63% which for the 30-day chart, stands at 5.17%. Furthermore, Silvercorp Metals Inc (SVM)’s beta value is 1.01, and its average true range (ATR) is 0.19.
A comparison of Silvercorp Metals Inc (SVM) with its peers suggests the former has fared considerably weaker in the market. SVM showed an intraday change of -2.86% in last session, and over the past year, it grew by 13.33%%.
Data on historical trading for Silvercorp Metals Inc (AMEX:SVM) indicates that the trading volumes over the past 3 months, they’ve averaged 6.24 million. According to company’s latest data on outstanding shares, there are 217.42 million shares outstanding.
Nearly 3.71% of Silvercorp Metals Inc’s shares belong to company insiders and institutional investors own 39.50% of the company’s shares. The stock has risen by 24.67% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SVM stock heading into the next quarter.
