Silvercorp Metals Inc. (AMEX:SVM) shares, rose in value on Wednesday, 06/22/22, with the stock price down by -1.10% to the previous day’s close as strong demand from buyers drove the stock to $2.70.
Actively observing the price movement in the last trading, the stock closed the session at $2.73, falling within a range of $2.66 and $2.83. The value of beta (5-year monthly) was 0.53 whereas the PE ratio was 15.70 over 12-month period. Referring to stock’s 52-week performance, its high was $5.84, and the low was $2.46. On the whole, SVM has fluctuated by -1.46% over the past month.
With the market capitalization of Silvercorp Metals Inc. currently standing at about $496.42 million, investors are eagerly awaiting this quarter’s results, scheduled for Feb 02, 2022 – Feb 07, 2022. The company’s Forward Dividend Ratio is 0.03, with its dividend yield at 0.93%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.06, which is expected to increase to $0.11 for fiscal year $0.29 and then to about $0.32 by fiscal year 2023.
Analysts have estimated the company’s revenue for the quarter at $39.6 million, with a low estimate of $38.2 million and a high estimate of $41 million.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SVM’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.14, with the price of SVM currently trading nearly -3.61% and -10.33% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.76, while the 7-day volatility ratio is showing 6.02% which for the 30-day chart, stands at 5.43%. Furthermore, Silvercorp Metals Inc. (SVM)’s beta value is 0.84, and its average true range (ATR) is 0.16. The company’s stock has been forecasted to trade at an average price of $6.27 over the course of the next 52 weeks, with a low of $4.69 and a high of $10.00. Based on these price targets, the low is -73.7% off current price, whereas the price has to move -270.37% to reach the yearly target high. Additionally, analysts’ median price of $5.67 is likely to be welcomed by investors because it represents a decrease of -110.0% from the current levels.
A comparison of Silvercorp Metals Inc. (SVM) with its peers suggests the former has fared considerably weaker in the market. SVM showed an intraday change of -1.10% in last session, and over the past year, it shrunk by -52.63%%. In comparison, Alexco Resource Corp. (AXU) has moved lower at -40.73% on the day and was down -81.39% over the past 12 months. On the other hand, the price of First Majestic Silver Corp. (AG) has fallen -3.22% on the day. The stock, however, is off -50.51% from where it was a year ago. Additionally, there is a loss of -3.62% for Endeavour Silver Corp. (EXK) in last trading while the stock has seen an overall depriciation of -45.43%% over the past year. The PE ratio stands at 15.70 for Silvercorp Metals Inc., and 55.86 for First Majestic Silver Corp. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.13%. Meanwhile, the Dow Jones Industrial Slipped by -0.15%.
Data on historical trading for Silvercorp Metals Inc. (AMEX:SVM) indicates that the trading volumes over the past 10 days have averaged 1.34 million and over the past 3 months, they’ve averaged 1.26 million. According to company’s latest data on outstanding shares, there are 177.09 million shares outstanding.
Nearly 3.80% of Silvercorp Metals Inc.’s shares belong to company insiders and institutional investors own 26.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.08 million shares as on Apr 28, 2022, resulting in a short ratio of 0.95. According to the data, the short interest in Silvercorp Metals Inc. (SVM) stood at 0.61% of shares outstanding as of Apr 28, 2022; the number of short shares registered in Mar 30, 2022 reached 1.37 million. The stock has fallen by -28.19% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SVM stock heading into the next quarter.