SilverCrest Metals Inc. (AMEX:SILV) finished Thursday with an addition of $0.35 to close at $4.88, an upside of 7.73 percent. An average of 1,593,040 shares of common stock have been traded in the last five days. There was a gain of $0.44 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 2,019,320 shares traded, while the 50-day average volume stands at 1,394,774.
SILV stock has decreased by -20.13% in the last month. The company shares reached their 1-month lowest point of $4.16 on 08/02/23. With the stock rallying to its 52-week high on 05/12/23, shares of the company touched a low of $4.16 and a high of $7.56 in 52 weeks. It has reached a new high 14 times so far this year and lost -18.67% or -$1.12 in price. In spite of this, the price is down -35.45% from the 52-week high.
Valuation Metrics
SilverCrest Metals Inc. (SILV) has a trailing price-to-earnings (P/E) ratio of 10.84. The stock’s beta is 1.08. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.08, the price-to-book (PB) ratio at 2.35.
Financial Health
SilverCrest Metals Inc.’s EBITDA margin for the year ending March 30 is 34.86%. Its gross profit as reported stood at $28.42 million compared to revenue of $43.51 million.
Earnings Surprise
The analyst consensus anticipated SilverCrest Metals Inc.’s latest quarter earnings to come in at $0.13 per share, but it turned out to be $0.18, a 38.50% surprise. For the quarter, EBITDA amounted to $35.91 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at SilverCrest Metals Inc. (SILV) price momentum. RSI 9-day as of the close on 10 August was 44.07%, suggesting the stock is Neutral, with historical volatility in this time frame at 139.71%.
As of today, SILV’s price is $4.61 +9.91% or $0.44 from its 5-day moving average. SILV is currently trading -20.65% lower than its 20-day SMA and -25.27% lower than its 100-day SMA. However, the stock’s current price level is -23.15% below the SMA50 and -8.10% below the SMA200.
The stochastic %K and %D were 25.28% and 20.08%, respectively, and the average true range (ATR) was 0.30. With the 14-day stochastic at 40.91% and the average true range at 0.28, the RSI (14) stands at 40.87%. The stock has reached -0.05 on the 9-day MACD Oscillator while the 14-day reading was at -0.38.
Analyst Ratings
RBC Capital Mkts downgraded SilverCrest Metals Inc. (AMEX: SILV) to a a Sector perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for SilverCrest Metals Inc. (SILV) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SILV, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 3 others rate it as a “buy”.
What is SILV’s price target for the next 12 months?
Analysts predict a range of price targets between $5.60 and $7.83, with a median target of $7.50. Taking a look at these predictions, the average price target given by analysts for SilverCrest Metals Inc. (SILV) stock is $6.88.
