First Majestic Silver Corporation (NYSE:AG) price is hovering lower on Tuesday, April 16, dropping -7.63% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $7.49. Taking into account the 52-week price action we note that the stock hit a 52-week high of $8.44 and 52-week low of $4.17. The stock added 22.67% on its value in the past month.
First Majestic Silver Corporation, which has a market valuation of $1.99 billion. The company stock has a Forward Dividend ratio of 0.02, while the dividend yield is 0.29%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AG a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that AG’s price is at present 5.18% off the SMA20 and 25.49% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 55.93, with weekly volatility standing at 8.25%. The indicator jumps to 6.70% when calculated based on the past 30 days. First Majestic Silver Corporation (NYSE:AG)’s beta value is holding at 1.36, while the average true range (ATR) indicator is currently reading 0.48.
An analysis of the First Majestic Silver Corporation (NYSE:AG) stock in terms of its daily trading volume indicates that the 3-month average is 9.00 million.
Current records show that the company has 287.15M in outstanding shares. The insiders’ percentage holdings are 2.36% of outstanding shares while the percentage share held by institutions stands at 29.75%. But the 12.50% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
