SilverCrest Metals Inc. (AMEX:SILV) saw a downside of -1.83% to $4.47 after subtracting -$0.08 on Tuesday. The 5-day average trading volume is 2,226,225 shares of the company’s common stock. It has gained $4.67 in the past week and touched a new high 3 times within the past 5 days. An average of 1,919,541 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,335,658.
SILV’s 1-month performance is -24.80% or -$1.36 on its low of $4.16 reached on 08/02/23. The company’s shares have touched a 52-week low of $4.16 and high of $7.56, with the stock’s rally to the 52-week high happening on 05/12/23. YTD, SILV has lost -25.55% or -$1.54 and has reached a new high 14 times. However, the current price is down -40.92% from the 52-week high price.
Valuation Metrics
SILV stock has a beta of 1.07. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.48 while the price-to-book (PB) in the most recent quarter is 2.15.
The trailing 12-month EBITDA margin is 34.86%. The firm’s gross profit as reported stood at $28.42 million against revenue of $43.51 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. Analysts expected SILV to announce $0.13 per share in earnings in its latest quarter, but it posted $0.18, representing a 38.50% surprise. EBITDA for the quarter stood at more than $35.91 million. SILV stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 56.91 million, with total debt at $25.15 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 07 August was 27.35% to suggest the stock is trending oversold, with historical volatility in this time period at 136.34%.
The stock’s 5-day moving average is $4.50, reflecting a -0.22% or -$0.01 change from its current price. SILV is currently trading -24.53% above its 20-day SMA, -27.71% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -29.98% and SMA200 by-11.51%.
Stochastic %K and %D was 17.12% and 16.04% and the average true range (ATR) pointed at 0.28. The RSI (14) points at 29.65%, while the 14-day stochastic is at 14.29% with the period’s ATR at 0.27. The stock’s 9-day MACD Oscillator is pointing at -0.29 and -0.65 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for SilverCrest Metals Inc. (AMEX: SILV), RBC Capital Mkts downgraded it to a Sector perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for SILV stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SILV as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 3 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 $5.65 and a high of $7.98, with their median price target at $7.50. Looking at these predictions, the average price target given by analysts is for SilverCrest Metals Inc. (SILV) stock is $7.01.
