As of Friday close, Fortuna Silver Mines Inc.’s (NYSE:FSM) stock was down -$0.03, moving down -1.04 percent to $2.85. The average number of shares traded per day over the past five days has been 1,929,480 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.17 fall in that time frame. In the last twenty days, the average volume was 2,160,430, while in the previous 50 days, it was 2,539,690.
Since last month, FSM stock retreated -5.63%. Shares of the company fell to $2.75 on 09/12/23, 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 $2.05. Since the beginning of this year, FSM’s stock price has dropped by -24.00% or -$0.90, and marked a new high 5 times. However, the stock has declined by -32.14% since its 52-week high.
Financial Health
Based on annual data, FSM earned -$113.55 million in gross profit and brought in $681.49 million in revenue.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FSM’s revenue fell -2.38% during the quarter, while net income inched up to $257.19 million. While analysts expected Fortuna Silver Mines Inc. to report $0.04 quarterly earnings, the actual figure was $0.01 per share, beating the consensus estimate by -75.00%. During the quarter, the company generated $47.64 million in EBITDA. The liabilities of Fortuna Silver Mines Inc. were 686.02 million at the end of its most recent quarter ended June 29, and its total debt was $338.83 million.
Technical Picture
This quick technical analysis looks at Fortuna Silver Mines Inc.’s (FSM) price momentum. With a historical volatility rate of 28.15%, the RSI 9-day stood at 39.45% on 22 September.
With respect to its five-day moving average, the current Fortuna Silver Mines Inc. price is down by -5.63% percent or -$0.17. At present, FSM shares trade -5.94% below its 20-day simple moving average and -23.80% percent below its 100-day simple moving average. However, the stock is currently trading approximately -19.03% below its SMA50 and -22.97% below its SMA200.
Stochastic coefficient K was 35.19% and Stochastic coefficient D was 39.59%, while ATR was 0.10. Given the Stochastic reading of 31.75% for the 14-day period, the RSI (14) reading has been calculated as 40.88%. As of today, the MACD Oscillator reading stands at -0.03, while the 14-day reading stands at 0.01.
Analyst Ratings
Fortuna Silver Mines Inc. (FSM) has been rated Hold by analysts. According to 0 brokerage firms, FSM is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Fortuna Silver Mines Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $4.29, the current consensus forecast for the stock is $3.73 – $5.12. Based on these forecasts, analysts predict Fortuna Silver Mines Inc. (FSM) will achieve an average price target of $4.44.
