First Majestic Silver Corp. (NYSE:AG) saw a downside of -1.86% to close Monday at $7.91 after subtracting -$0.15 on the day. The 5-day average trading volume is 7,322,700 shares of the company’s common stock. It has gained $8.78 in the past week and touched a new high 2 times within the past 5 days. An average of 5,769,410 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,021,738.
AG’s 1-month performance is -8.98% or -$0.77 on its low of $7.68 reached on 01/23/23. The company’s shares have touched a 52-week low of $6.31 and high of $14.59, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, AG has lost -5.16% or -$0.43 and has reached a new high 5 times. However, the current price is down -45.78% from the 52-week high price.
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.17 while the price-to-book (PB) in the most recent quarter is 1.55.
The firm’s gross profit as reported stood at $218.03 million against revenue of $584.12 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -404.47% to -$40.47 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected AG to announce $0.02 per share in earnings in its latest quarter, but it posted -$0.02, representing a -200.00% surprise. EBITDA for the quarter stood at more than $20.85 million. AG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 708.53 million, with total debt at $225.87 million.
Let’s look briefly at First Majestic Silver Corp. (AG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 28.70% to suggest the stock is trending oversold, with historical volatility in this time period at 22.04%.
The stock’s 5-day moving average is $8.21, reflecting a -9.81% or -$0.86 change from its current price. AG is currently trading -8.98% above its 20-day SMA, +5.05% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -15.94% and SMA200 by-38.97%.
Stochastic %K and %D was 16.05% and 17.91% and the average true range (ATR) pointed at 0.38. The RSI (14) points at 35.78%, while the 14-day stochastic is at 16.19% with the period’s ATR at 0.39. The stock’s 9-day MACD Oscillator is pointing at -0.43 and -0.52 on the 14-day charts.
In the most recent analyst report for First Majestic Silver Corp. (NYSE: AG), TD Securities upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for AG stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate AG as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 1 have offered a “buy” rating.
What is AG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $6.70 and a high of $12.00, with their median price target at $9.24. Looking at these predictions, the average price target given by analysts is for First Majestic Silver Corp. (AG) stock is $9.43.