MAG Silver Corp. (AMEX:MAG) saw a downside of -1.94% to close Friday at $10.60 after subtracting -$0.21 on the day. The 5-day average trading volume is 489,120 shares of the company’s common stock. It has gained $11.91 in the past week and touched a new high 1 time within the past 5 days. An average of 561,875 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 639,486.
MAG’s 1-month performance is -5.78% or -$0.30 on its low of $10.26 reached on 09/07/23. The company’s shares have touched a 52-week low of $10.26 and high of $17.02, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, MAG has lost -32.18% or -$5.03 and has reached a new high 4 times. However, the current price is down -37.72% from the 52-week high price.
Valuation Metrics
MAG stock has a beta of 1.12. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 2.27, with the price to cash flow ratio at 18186.07.
MAG Silver Corp.’s quick ratio for the period ended June 29 was 12.90, with the current ratio over the same period at 12.90. The firm’s gross profit as reported stood at $41.4 million against revenue of $23.38 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -30.93% to -$4.43 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected MAG to announce $0.16 per share in earnings in its latest quarter, but it posted $0.19, representing a 18.80% surprise. EBITDA for the quarter stood at more than -$3.28 million. MAG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 8.88 million, with total debt at $0.2 million.
Let’s look briefly at MAG Silver Corp. (MAG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 40.29% to suggest the stock is trending Neutral, with historical volatility in this time period at 53.71%.
The stock’s 5-day moving average is $11.06, reflecting a -11.00% or -$1.31 change from its current price. MAG is currently trading -4.93% above its 20-day SMA, -18.52% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.26% and SMA200 by-31.88%.
Stochastic %K and %D was 35.50% and 48.08% and the average true range (ATR) pointed at 0.41. The RSI (14) points at 43.12%, while the 14-day stochastic is at 20.35% with the period’s ATR at 0.41. The stock’s 9-day MACD Oscillator is pointing at -0.22 and -0.02 on the 14-day charts.
