Is SilverCrest Metals Inc. (SILV) A Risky Investment?

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SilverCrest Metals Inc. (AMEX:SILV) finished Thursday with a subtraction of -$0.45 to close at $4.88, a downside of -8.44 percent. An average of 657,433 shares of common stock have been traded in the last five days. There was a fall of -$0.67 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 921,933 shares traded, while the 50-day average volume stands at 816,503.

SILV stock has decreased by -11.46% in the last month. The company shares reached their 1-month lowest point of $4.90 on 09/23/22. With the stock rallying to its 52-week high on 03/08/22, shares of the company touched a low of $5.04 and a high of $10.13 in 52 weeks. It has reached a new high 15 times so far this year and lost -32.62% or -$3.00 in price. In spite of this, the price is down -51.83% from the 52-week high.


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Valuation Metrics

SilverCrest Metals Inc. (SILV) has a trailing price-to-earnings (P/E) ratio of 533.00. Other valuation ratios to consider include the price-to-book (PB) ratio at 2.94.

Financial Health

Its gross profit as reported stood at $27000.0 compared to revenue of $15.9 million.

Earnings Surprise

The analyst consensus anticipated SilverCrest Metals Inc.’s latest quarter earnings to come in at -$0.04 per share, but it turned out to be $0.06, a 250.00% surprise. For the quarter, EBITDA amounted to -$3.1 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at SilverCrest Metals Inc. (SILV) price momentum. RSI 9-day as of the close on 22 September was 27.97%, suggesting the stock is oversold, with historical volatility in this time frame at 43.45%.

As of today, SILV’s price is $5.35 -11.95% or -$0.67 from its 5-day moving average. SILV is currently trading -20.11% lower than its 20-day SMA and -34.58% lower than its 100-day SMA. However, the stock’s current price level is -10.51% below the SMA50 and -38.20% below the SMA200.

The stochastic %K and %D were 17.70% and 27.38%, respectively, and the average true range (ATR) was 0.32. With the 14-day stochastic at 0.96% and the average true range at 0.32, the RSI (14) stands at 33.28%. The stock has reached -0.23 on the 9-day MACD Oscillator while the 14-day reading was at -0.34.

Analyst Ratings

The consensus rating for SilverCrest Metals Inc. (SILV) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SILV, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 6 others rate it as a “buy”.

What is SILV’s price target for the next 12 months?

Analysts predict a range of price targets between $9.22 and $12.20, with a median target of $11.27. Taking a look at these predictions, the average price target given by analysts for SilverCrest Metals Inc. (SILV) stock is $11.03.

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