The stock of SilverCrest Metals Inc. (AMEX:SILV) decreased by -$0.04 on Friday to finish at $4.83, down -0.82 percent. The last five days have seen an average of 855,360 shares of common stock traded. 14 times new highs were reached in the current year, with a fall of -$1.17. The average number of shares traded over the last 20 days was 1,951,750, while the average volume over the last 50 days totaled 1,403,394.
SILV stock dropped -8.35% since last month. On 08/02/23, the company’s shares reached a one-month low of $4.16. The stock touched a high of $7.56 on 05/12/23, after rallying from a low of $4.16 in 52 weeks. The price of SILV stock has declined by -19.50% or -$1.17 this year, reaching a new high 14 times. Still, the stock price is down -36.11% from the 52-week high.
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Valuation Metrics
SilverCrest Metals Inc. (SILV) has a trailing price-to-earnings (P/E) ratio of 8.78. Beta for the stock is 1.08.
Financial Health
Based on annual data, it had gross profit of $28.42 million and revenue of $43.51 million.
Earnings Surprise
According to SilverCrest Metals Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that SilverCrest Metals Inc.’s quarterly earnings would be $0.16, but it ended up being $0.16. EBITDA was $40.27 million for the quarter. At the end of SilverCrest Metals Inc.’s most recent quarter ended June 29, its liabilities totaled 35.91 million, while its total debt was $0.31 million.
Technical Picture
Here’s a quick look at SilverCrest Metals Inc.’s (SILV) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 45.15%, suggesting the stock is Neutral, with a 24.15% historical volatility rate.
The stochastic %K and %D were 73.04% and 74.51% respectively, while the average true range (ATR) was 0.20. Based on the 14-day stochastic reading of 66.18%, the RSI (14) reading is 42.62%. On the 9-day MACD Oscillator, the stock is at 0.05, and the 14-day reading is at 0.07.
Analyst Ratings
SilverCrest Metals Inc. (AMEX: SILV) was downgraded by RBC Capital Mkts to a a Sector perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned SilverCrest Metals Inc. (SILV) an Overweight rating. SILV is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 3 others recommend it as a buy.
What is SILV’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.53 and $7.65, with a median target price of $7.46. In analyzing these forecasts, the average price target given by analysts for SilverCrest Metals Inc. (SILV) is $6.84.
