Silvercorp Metals Inc (AMEX:SVM) saw an upside of 0.41% to close Friday at $2.46 after adding $0.01 on the day. The 5-day average trading volume is 911,400 shares of the company’s common stock. It has gained $2.66 in the past week and touched a new high 1 time within the past 5 days. An average of 1,057,645 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,114,742.
SVM’s 1-month performance is -5.75% or -$0.09 on its low of $2.38 reached on 09/12/23. The company’s shares have touched a 52-week low of $1.99 and high of $4.20, with the stock’s rally to the 52-week high happening on 04/13/23. YTD, SVM has lost -16.89% or -$0.50 and has reached a new high 19 times. However, the current price is down -41.36% from the 52-week high price.
Valuation Metrics
SVM stock has a beta of 1.01. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.13 while the price-to-book (PB) in the most recent quarter is 0.90, with the price to cash flow ratio at 20.04.
Silvercorp Metals Inc’s quick ratio for the period ended June 29 was 4.62, with the current ratio over the same period at 4.77. In terms of profitability, the gross margin trailing 12 months is 32.87%. The trailing 12-month EBITDA margin is 41.75% while for the period ending June 29, Silvercorp Metals Inc’s operating margin was 27.19%. The firm’s gross profit as reported stood at $70.78 million against revenue of $208.13 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -66.28% to $20.61 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected SVM to announce $0.07 per share in earnings in its latest quarter, but it posted $0.05, representing a -28.60% surprise. EBITDA for the quarter stood at more than $27.17 million. SVM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 98.54 million, with total debt at $0.53 million.
Let’s look briefly at Silvercorp Metals Inc (SVM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 42.65% to suggest the stock is trending Neutral, with historical volatility in this time period at 43.59%.
The stock’s 5-day moving average is $2.51, reflecting a -7.17% or -$0.19 change from its current price. SVM is currently trading -5.02% above its 20-day SMA, -32.04% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -20.13% and SMA200 by-14.88%.
Stochastic %K and %D was 27.62% and 35.24% and the average true range (ATR) pointed at 0.10. The RSI (14) points at 42.26%, while the 14-day stochastic is at 22.86% with the period’s ATR at 0.10. The stock’s 9-day MACD Oscillator is pointing at -0.03 and 0.00 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Silvercorp Metals Inc (AMEX: SVM), Raymond James upgraded it to an Outperform rating. They previously had a Mkt perform rating on the stock. Analysts offering their rating for SVM stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SVM as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 have offered a “buy” rating.
What is SVM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.08 and a high of $7.75, with their median price target at $5.22. Looking at these predictions, the average price target given by analysts is for Silvercorp Metals Inc (SVM) stock is $5.65.
