The Stock Of The Week: Silvergate Capital Corporation (SI)

As of Thursday close, Silvergate Capital Corporation’s (NYSE:SI) stock was down -$7.81, moving down -10.92 percent to $63.70. The average number of shares traded per day over the past five days has been 2,359,660 shares. 1 time new highs have been achieved over the past 5 days, with a -$49.07 fall in that time frame. In the last twenty days, the average volume was 1,311,265, while in the previous 50 days, it was 997,228.

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Since last month, SI stock retreated -47.90%. Shares of the company fell to $56.15 on 05/12/22, the lowest level in the past month. A 52-week high of $239.26 was reached on 03/29/22 after having rallying from a 52-week low of $70.01. Since the beginning of this year, SI’s stock price has dropped by -57.02% or -$84.50, and marked a new high 5 times. However, the stock has declined by -73.38% since its 52-week high.

Silvergate Capital Corporation (SI) last reported insider trading activity 21 days ago on Apr 22. Fraher Kathleen, the Chief Operating Officer of the company, disposed of 750 shares for $135.00 on Apr 22. It resulted in a $101,250 divestment by the insider. Fraher Kathleen sold 750 shares at an average price of $130.44 on Apr 21. The insider now owns 10,847 shares following the transaction. On Feb 22, Director Brassfield Karen F. sold 3,000 shares at $113.34 apiece. The transaction was valued at $340,013.

Valuation Metrics

Right now, Silvergate Capital Corporation (SI) has a P/E ratio of about 20.36. Besides these, the trailing price-to-sales (P/S) ratio of 12.91, the price-to-book (PB) ratio of 1.09.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.01, and the total debt-to-equity ratio was 0.01. In the year ended September 29, operating margins totaled 71.40%. Based on annual data, SI earned $129.27 million in gross profit and brought in $130.39 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.50%. Return on equity (ROE) for the past 12 months was 6.20%.

In Silvergate Capital Corporation’s quarter-end financial report for September 29, it reported total debt of $15.85 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Silvergate Capital Corporation to report $0.71 quarterly earnings, the actual figure was $0.88 per share, beating the consensus estimate by 23.90%. The value of shareholders’ equity is $31.63 million.

Technical Picture

This quick technical analysis looks at Silvergate Capital Corporation’s (SI) price momentum. With a historical volatility rate of 131.52%, the RSI 9-day stood at 17.52% on 12 May.

With respect to its five-day moving average, the current Silvergate Capital Corporation price is down by -43.51% percent or -$49.07. At present, SI shares trade -49.77% below its 20-day simple moving average and -55.18% percent below its 100-day simple moving average. However, the stock is currently trading approximately -52.17% below its SMA50 and -41.46% below its SMA200.

Stochastic coefficient K was 5.83% and Stochastic coefficient D was 5.73%, while ATR was 13.71. Given the Stochastic reading of 9.96% for the 14-day period, the RSI (14) reading has been calculated as 24.18%. As of today, the MACD Oscillator reading stands at -27.76, while the 14-day reading stands at -34.97.

Analyst Ratings

BofA Securities launched its rating on Silvergate Capital Corporation (NYSE: SI) to a Buy in a note to investors on March 21, 2022. Silvergate Capital Corporation (SI) has been rated Buy by analysts. According to 0 brokerage firms, SI is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Silvergate Capital Corporation stock as buy, with 8 recommending it as overweight.

With a median target price of $195.00, the current consensus forecast for the stock is $155.00 – $235.00. Based on these forecasts, analysts predict Silvergate Capital Corporation (SI) will achieve an average price target of $190.00.


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