The stock of Silvercorp Metals Inc. (AMEX:SVM) decreased by -$0.06 on Wednesday to $2.49, down -2.16 percent. The last five days have seen an average of 1,388,451 shares of common stock traded. 19 times new highs were reached in the current year, with a fall of -$0.45. The average number of shares traded over the last 20 days was 1,168,483, while the average volume over the last 50 days totaled 1,145,361.
SVM stock dropped -23.94% since last month. On 08/16/23, the company’s shares reached a one-month low of $2.50. The stock touched a high of $4.20 on 04/13/23, after rallying from a low of $1.99 in 52 weeks. The price of SVM stock has declined by -15.71% or -$0.45 this year, reaching a new high 19 times. Still, the stock price is down -40.53% from the 52-week high.
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Valuation Metrics
Silvercorp Metals Inc. (SVM) has a trailing price-to-earnings (P/E) ratio of 21.69. Beta for the stock is 1.02. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.10, the price-to-book (PB) ratio of 0.91, and the price-to-cash flow ratio of 19.64.
Financial Health
For the three months ended June 29, Silvercorp Metals Inc.’s quick ratio was 4.60, while its current ratio was 4.80, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 40.20% percent. Silvercorp Metals Inc.’s EBITDA margin for the year ended June 29 was 41.75%, whereas its operating margin stood at 14.40% for the same period. Based on annual data, it had gross profit of $70.78 million and revenue of $208.13 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SVM’s return on assets (ROA) during the last 12 months has been 2.90%. There was a 3.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 4.10%.
Earnings Surprise
According to Silvercorp Metals Inc.’s quarterly financial report for the quarter that ended June 29, it had $0.58 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $208.13 million, while revenues rose by 23.69% to $0.0. It was predicted that Silvercorp Metals Inc.’s quarterly earnings would be $0.05, but it ended up being $0.07, beating the consensus by -28.60%. EBITDA was $27.17 million for the quarter. At the end of Silvercorp Metals Inc.’s most recent quarter ended June 29, its liabilities totaled 98.54 million, while its total debt was $0.53 million.
Technical Picture
Here’s a quick look at Silvercorp Metals Inc.’s (SVM) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 22.94%, suggesting the stock is oversold, with a 24.73% historical volatility rate.
The stochastic %K and %D were 6.47% and 8.54% respectively, while the average true range (ATR) was 0.11. Based on the 14-day stochastic reading of 0.76%, the RSI (14) reading is 29.65%. On the 9-day MACD Oscillator, the stock is at -0.11, and the 14-day reading is at -0.22.
Analyst Ratings
In its most recent analyst report, Raymond James raised its rating on Silvercorp Metals Inc. (AMEX: SVM) to an Outperform. Prior to this, analysts firm rated the stock as a Mkt perform. Analysts have assigned Silvercorp Metals Inc. (SVM) an Buy rating. SVM is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 5 others recommend it as a buy.
What is SVM’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.08 and $8.00, with a median target price of $5.18. In analyzing these forecasts, the average price target given by analysts for Silvercorp Metals Inc. (SVM) is $5.61.
