Silvercorp Metals Inc. (AMEX:SVM) traded at $2.82 at last check on Wednesday, November 23, made a downward move of -0.35% on its previous day’s price.
Looking at the stock we see that its previous close was $2.83 and the beta (5Y monthly) reads 0.65 with the day’s price range being $2.71 – $2.85. The company has a trailing 12-month PE ratio of 28.88. In terms of its 52-week price range, SVM has a high of $4.28 and a low of $1.99. The company’s stock has gained about 14.11% over that past 30 days.
Silvercorp Metals Inc. has a market cap of $482.32 million and is expected to release its quarterly earnings report on Feb 06, 2023 – Feb 10, 2023. With its Forward Dividend at 0.03 and a yield of 0.88%, the company’s investors could be anxious for the SVM stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.06, with the EPS growth for the year raised at $0.2 for 2023 and $0.17 for next year. These figures represent -33.30% and -15.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $56.9 million, with a low of $56.5 million and a high of $57.3 million. The median projection represents growth adding up to -3.70% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $208.23 million, or -4.40% down from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the SVM stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of Hold.
Based on estimates by 7 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Silvercorp Metals Inc. (SVM) stock as a Hold, while 5 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the SVM stock currently stands at 5.78, and the most recent price level today is 7.33% off its SMA20 and 13.50% from its 50-day simple moving average. The RSI (14) is pointing at 58.96 while the volatility over the past week is 4.25% and jumps to 4.92% over the past one month. The beta value is 0.92, while the average true range (ATR) is currently pointing at 0.14. The average price target for the stock over the next 12 months is $4.52, with the estimates having a low of $2.96 and a high of $8.50. These price ends are -4.96% and -201.42% off the today’s price level respectively, although investors could be excited at the prospect of a -44.33% if the SVM share price touches on the median price of $4.07.
Let’s briefly compare Silvercorp Metals Inc. (SVM) stock to its peers. We find that today’s price change of -0.35% and -33.57% over the past 12 months for SVM competes that of First Majestic Silver Corp. (AG), which has seen its stock price fall -1.48% in the latest trading session and is -24.92% over the last one year. Another of its peers Endeavour Silver Corp. (EXK) has dropped -2.57% today, and was -33.46% down over the past year, while Pan American Silver Corp. (PAAS) is also down -0.89% yet, while its price remains in the red at -39.58% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.55% and 0.28%, respectively, in early deals.
Coming back to Silvercorp Metals Inc. (AMEX:SVM), we note that the average 3-month trading volume was 1.78 million, while that of the preceding 10-day period stands at 1.19 million. Current shares outstanding are 176.69 million.
The insiders hold 3.80% of the company’s shares while institutions hold 26.80%. The data shows that short shares as of Oct 30, 2022, stood at 0.75 million at a short ratio of 0.49. This represents a 0.42% short interest in shares outstanding on Oct 30, 2022. Shares short fall in October from the previous month at 1.44 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -24.73% down in year-to-date price movement.