Fortuna Silver Mines Inc. (NYSE:FSM) saw a downside of -1.50% to close Monday at $3.29 after subtracting -$0.05 on the day. The 5-day average trading volume is 2,414,860 shares of the company’s common stock. It has gained $3.48 in the past week and touched a new high 1 time within the past 5 days. An average of 2,885,880 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,646,208.
FSM’s 1-month performance is 4.78% or $0.15 on its low of $3.06 reached on 07/10/23. The company’s shares have touched a 52-week low of $2.05 and high of $4.20, with the stock’s rally to the 52-week high happening on 04/13/23. YTD, FSM has lost -12.27% or -$0.46 and has reached a new high 5 times. However, the current price is down -21.67% from the 52-week high price.
Valuation Metrics
FSM stock has a beta of 1.34. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.42 while the price-to-book (PB) in the most recent quarter is 0.76.
The trailing 12-month EBITDA margin is 37.83%. The firm’s gross profit as reported stood at -$113.55 million against revenue of $681.49 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -42.82% to $23.8 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected FSM to announce $0.01 per share in earnings in its latest quarter, but it posted $0.05, representing a 400.00% surprise. EBITDA for the quarter stood at more than $68.1 million. FSM stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 645.84 million, with total debt at $296.0 million.
Let’s look briefly at Fortuna Silver Mines Inc. (FSM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 38.98% to suggest the stock is trending Neutral, with historical volatility in this time period at 42.45%.
The stock’s 5-day moving average is $3.32, reflecting a -7.32% or -$0.26 change from its current price. FSM is currently trading +3.46% above its 20-day SMA, -6.80% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +0.92% and SMA200 by+20.96%.
Stochastic %K and %D was 10.49% and 9.15% and the average true range (ATR) pointed at 0.13. The RSI (14) points at 43.14%, while the 14-day stochastic is at 8.99% with the period’s ATR at 0.13. The stock’s 9-day MACD Oscillator is pointing at -0.11 and -0.21 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for FSM stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate FSM as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is FSM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.79 and a high of $5.34, with their median price target at $4.35. Looking at these predictions, the average price target given by analysts is for Fortuna Silver Mines Inc. (FSM) stock is $4.57.
