Fortuna Silver Mines Inc. (NYSE:FSM) finished Thursday with a subtraction of -$0.37 to close at $2.91, a downside of -11.28 percent. An average of 3,054,320 shares of common stock have been traded in the last five days. There was a fall of -$0.36 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 2,832,605 shares traded, while the 50-day average volume stands at 2,729,684.
FSM stock has decreased by -16.14% in the last month. The company shares reached their 1-month lowest point of $2.88 on 08/10/23. With the stock rallying to its 52-week high on 04/13/23, shares of the company touched a low of $2.05 and a high of $4.20 in 52 weeks. It has reached a new high 5 times so far this year and lost -22.40% or -$0.84 in price. In spite of this, the price is down -30.71% from the 52-week high.
Valuation Metrics
Fortuna Silver Mines Inc. (FSM) stock’s beta is 1.35. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.25, the price-to-book (PB) ratio at 0.68.
Financial Health
Fortuna Silver Mines Inc.’s EBITDA margin for the year ending March 30 is 37.83%. Its gross profit as reported stood at -$113.55 million compared to revenue of $681.49 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $23.8 million in the quarter, while revenues were shrunk -42.82%. The analyst consensus anticipated Fortuna Silver Mines Inc.’s latest quarter earnings to come in at $0.01 per share, but it turned out to be $0.05, a 400.00% surprise. For the quarter, EBITDA amounted to $68.1 million. At the end of the quarter ending March 30, Fortuna Silver Mines Inc.’s stock balance sheet showed total liabilities of 645.84 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Fortuna Silver Mines Inc. (FSM) price momentum. RSI 9-day as of the close on 10 August was 22.78%, suggesting the stock is oversold, with historical volatility in this time frame at 63.11%.
As of today, FSM’s price is $3.22 -11.01% or -$0.36 from its 5-day moving average. FSM is currently trading -17.33% lower than its 20-day SMA and -15.65% lower than its 100-day SMA. However, the stock’s current price level is -10.46% below the SMA50 and +2.46% above the SMA200.
The stochastic %K and %D were 10.40% and 11.90%, respectively, and the average true range (ATR) was 0.15. With the 14-day stochastic at 3.80% and the average true range at 0.14, the RSI (14) stands at 30.54%. The stock has reached -0.13 on the 9-day MACD Oscillator while the 14-day reading was at -0.22.
Analyst Ratings
The consensus rating for Fortuna Silver Mines Inc. (FSM) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FSM, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is FSM’s price target for the next 12 months?
Analysts predict a range of price targets between $3.73 and $5.24, with a median target of $4.29. Taking a look at these predictions, the average price target given by analysts for Fortuna Silver Mines Inc. (FSM) stock is $4.53.
