SilverCrest Metals Inc. (SILV): Technicals Say You should Hold


SilverCrest Metals Inc. (AMEX:SILV) saw an upside of 4.19% to $6.97 after adding $0.28 on Wednesday. The 5-day average trading volume is 978,107 shares of the company’s common stock. It has gained $7.00 in the past week and touched a new high 4 times within the past 5 days. An average of 997,497 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,404,635.

SILV’s 1-month performance is 10.03% or $0.88 on its low of $5.92 reached on 12/30/22. The company’s shares have touched a 52-week low of $4.58 and high of $10.13, with the stock’s rally to the 52-week high happening on 01/25/23. YTD, SILV has achieved 11.50% or $0.97 and has reached a new high 10 times. However, the current price is down -31.19% from the 52-week high price.

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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 362.07 while the price-to-book (PB) in the most recent quarter is 3.70.

The firm’s gross profit as reported stood at $27000.0 against revenue of $15.9 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Analysts expected SILV to announce -$0.04 per share in earnings in its latest quarter, but it posted $0.17, representing a 525.00% surprise. EBITDA for the quarter stood at more than -$0.59 million. SILV stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 102.62 million, with total debt at $88.02 million.

Let’s look briefly at SilverCrest Metals Inc. (SILV) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 69.98% to suggest the stock is trending Neutral, with historical volatility in this time period at 38.12%.

The stock’s 5-day moving average is $6.59, reflecting a +9.76% or $0.62 change from its current price. SILV is currently trading +14.45% above its 20-day SMA, +27.66% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.90% and SMA200 by-21.24%.

Stochastic %K and %D was 82.07% and 71.88% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 63.87%, while the 14-day stochastic is at 96.94% with the period’s ATR at 0.32. The stock’s 9-day MACD Oscillator is pointing at 0.13 and 0.20 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for SILV stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SILV as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 6 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $7.82 and a high of $10.39, with their median price target at $10.03. Looking at these predictions, the average price target given by analysts is for SilverCrest Metals Inc. (SILV) stock is $9.76.


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