Silvergate Capital Corporation (NYSE: SI) stock has achieved $16.97 in the past week

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Silvergate Capital Corporation (NYSE:SI) saw an upside of 16.75% to close Monday at $16.03 after adding $2.3 on the day. The 5-day average trading volume is 12,492,100 shares of the company’s common stock. It has gained $16.97 in the past week and touched a new high 1 time within the past 5 days. An average of 9,523,854 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,414,866.

SI’s 1-month performance is -5.09% or -$0.42 on its low of $10.81 reached on 01/06/23. The company’s shares have touched a 52-week low of $10.81 and high of $162.65, with the stock’s rally to the 52-week high happening on 01/04/23. YTD, SI has lost -7.87% or -$1.37 and has reached a new high 2 times. However, the current price is down -90.14% from the 52-week high price.

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Insider Transactions

SI stock investors last saw insider trading activity on Jul 21.LANE ALAN J (President and CEO) most recently sold 16,314 shares at $92.46 per share on Jul 21. This transaction cost the insider $1,508,324. Chief Operating Officer, Fraher Kathleen, sold 750 shares at a price of $135.00 on Apr 22. Then, on Apr 21, Chief Operating Officer Fraher Kathleen sold 750 shares at a price of $130.44 per share. This transaction amounted to $97,826.

Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.37 while the price-to-book (PB) in the most recent quarter is 0.38, with the price to cash flow ratio at 3.66.

As well, the company’s long term debt to equity for the quarter ending December 30 was 0.01, while the total debt to equity was 0.01. The firm’s gross profit as reported stood at $129.27 million against revenue of $130.39 million.

Earnings Surprise

For the quarterly period ending December 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SI to announce $0.64 per share in earnings in its latest quarter, but it posted $0.48, representing a -25.00% surprise. Shareholders hold equity totaling $31.66 million.

Let’s look briefly at Silvergate Capital Corporation (SI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 56.49% to suggest the stock is trending Neutral, with historical volatility in this time period at 122.09%.

The stock’s 5-day moving average is $13.49, reflecting a +21.44% or $2.83 change from its current price. SI is currently trading -4.53% above its 20-day SMA, -82.38% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -59.34% and SMA200 by-88.80%.

Stochastic %K and %D was 28.04% and 20.11% and the average true range (ATR) pointed at 2.31. The RSI (14) points at 47.53%, while the 14-day stochastic is at 46.32% with the period’s ATR at 2.44. The stock’s 9-day MACD Oscillator is pointing at 0.75 and 0.07 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Silvergate Capital Corporation (NYSE: SI), Wedbush downgraded it to a Neutral rating. They previously had an Outperform rating on the stock.

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