The stock of Fortuna Silver Mines Inc. (NYSE:FSM) decreased by -$0.06 on Tuesday to finish at $2.94, down -2.00 percent. The last five days have seen an average of 2,319,820 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$0.81. The average number of shares traded over the last 20 days was 2,214,100, while the average volume over the last 50 days totaled 2,656,184.
FSM stock appreciated 2.80% since last month. On 09/12/23, the company’s shares reached a one-month low of $2.75. The stock touched a high of $4.20 on 04/13/23, after rallying from a low of $2.05 in 52 weeks. The price of FSM stock has declined by -21.60% or -$0.81 this year, reaching a new high 5 times. Still, the stock price is down -30.00% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Financial Health
Based on annual data, it had gross profit of -$113.55 million and revenue of $681.49 million.
Earnings Surprise
According to Fortuna Silver Mines Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $257.19 million, while revenues fell by -2.38% to $0.0. It was predicted that Fortuna Silver Mines Inc.’s quarterly earnings would be $0.01, but it ended up being $0.04, beating the consensus by -75.00%. EBITDA was $47.64 million for the quarter. At the end of Fortuna Silver Mines Inc.’s most recent quarter ended June 29, its liabilities totaled 686.02 million, while its total debt was $338.83 million.
Technical Picture
Here’s a quick look at Fortuna Silver Mines Inc.’s (FSM) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 49.30%, suggesting the stock is Neutral, with a 27.10% historical volatility rate.
The stochastic %K and %D were 50.37% and 47.05% respectively, while the average true range (ATR) was 0.11. Based on the 14-day stochastic reading of 40.43%, the RSI (14) reading is 46.42%. On the 9-day MACD Oscillator, the stock is at 0.11, and the 14-day reading is at 0.07.
Analyst Ratings
Analysts have assigned Fortuna Silver Mines Inc. (FSM) an Hold rating. FSM is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is FSM’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.73 and $5.12, with a median target price of $4.29. In analyzing these forecasts, the average price target given by analysts for Fortuna Silver Mines Inc. (FSM) is $4.44.
