As of Wednesday close, Silvercorp Metals Inc.’s (AMEX:SVM) stock was down -$0.02, moving down -0.75 percent to $2.63. The average number of shares traded per day over the past five days has been 1,009,700 shares. 2 times new highs have been achieved over the past 5 days, with a $0.02 gain in that time frame. In the last twenty days, the average volume was 1,256,110, while in the previous 50 days, it was 1,062,112.
Since last month, SVM stock retreated -13.49%. Shares of the company fell to $2.44 on 08/18/23, the lowest level in the past month. A 52-week high of $4.20 was reached on 04/13/23 after having rallying from a 52-week low of $1.99. Since the beginning of this year, SVM’s stock price has dropped by -11.15% or -$0.33, and marked a new high 19 times. However, the stock has declined by -37.31% since its 52-week high.
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Valuation Metrics
Right now, Silvercorp Metals Inc. (SVM) has a P/E ratio of about 24.13. The stock’s beta is 1.01. Besides these, the trailing price-to-sales (P/S) ratio of 2.33, the price-to-book (PB) ratio of 0.96, and the price-to-cash flow ratio of 21.37 may also be considered.
Financial Health
In the three months ended June 29, Silvercorp Metals Inc.’s quick ratio stood at 4.60, while its current ratio was 4.80, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 40.10% percent. In the year ended June 29, EBITDA margin amounted to 41.75%, whereas operating margins totaled 14.60%. Based on annual data, SVM earned $70.78 million in gross profit and brought in $208.13 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.40%. Return on equity (ROE) for the past 12 months was 4.10%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SVM’s revenue rose 23.69% during the quarter, while net income inched up to $208.13 million. While analysts expected Silvercorp Metals Inc. to report $0.07 quarterly earnings, the actual figure was $0.05 per share, beating the consensus estimate by -28.60%. During the quarter, the company generated $27.17 million in EBITDA. The liabilities of Silvercorp Metals Inc. were 98.54 million at the end of its most recent quarter ended June 29, and its total debt was $0.53 million.
Technical Picture
This quick technical analysis looks at Silvercorp Metals Inc.’s (SVM) price momentum. With a historical volatility rate of 24.81%, the RSI 9-day stood at 48.53% on 30 August.
With respect to its five-day moving average, the current Silvercorp Metals Inc. price is up by +0.77% percent or $0.02. At present, SVM shares trade -9.62% below its 20-day simple moving average and -33.08% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.05% below its SMA50 and -6.41% below its SMA200.
Stochastic coefficient K was 69.74% and Stochastic coefficient D was 53.71%, while ATR was 0.10. Given the Stochastic reading of 71.70% for the 14-day period, the RSI (14) reading has been calculated as 44.36%. As of today, the MACD Oscillator reading stands at 0.05, while the 14-day reading stands at 0.05.
Analyst Ratings
Raymond James upgraded its rating on Silvercorp Metals Inc. (AMEX: SVM) to an Outperform in a note to investors on January 31, 2023. The analysts firm previously had a Mkt perform rating on the stock.Silvercorp Metals Inc. (SVM) has been rated Buy by analysts. According to 0 brokerage firms, SVM is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Silvercorp Metals Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $5.18, the current consensus forecast for the stock is $4.08 – $7.75. Based on these forecasts, analysts predict Silvercorp Metals Inc. (SVM) will achieve an average price target of $5.57.
