SilverCrest Metals Inc (AMEX:SILV) price on Wednesday, November 13, fall -4.41% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $9.53.
A look at the stock’s price movement, the close in the last trading session was $9.97, moving within a range at $9.5 and $10.35. The PE ratio in trailing twelve months stood at 13.26. Turning to its 52-week performance, $11.91 and $4.83 were the 52-week high and 52-week low respectively. Overall, SILV moved -7.66% over the past month.
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SilverCrest Metals Inc’s market cap currently stands at around $1.98 billion, with investors looking forward to this quarter’s earnings report slated for in December.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 252.25M, representing a 2.90% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SILV is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend SILV as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SILV’s current price about -8.85% and -2.69% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.88, while 7-day volatility ratio is 5.99% and 5.05% in the 30-day chart. Further, SilverCrest Metals Inc (SILV) has a beta value of 1.20, and an average true range (ATR) of 0.57. Analysts have given the company’s stock an average 52-week price target of $8.5, forecast between a low of $8.5 and high of $8.5. Looking at the price targets, the low is 10.81% off current price level while to achieve the yearly target high, price needs to move 10.81%. Nonetheless, investors will most likely welcome a 10.81% jump to $8.5 which is the analysts’ median price.
If we refocus on SilverCrest Metals Inc (AMEX:SILV), historical trading data shows that trading volumes averaged 2.7 over the past 10 days and 2.25 million over the past 3 months. The company’s latest data on shares outstanding shows there are 146.94 million shares.
The 2.26% of SilverCrest Metals Inc’s shares are in the hands of company insiders while institutional holders own 56.18% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.01 million on 2024-10-31, giving us a short ratio of 0.68. The data shows that as of 2024-10-31 short interest in SilverCrest Metals Inc (SILV) stood at 140.99999 of shares outstanding, with shares short falling to 4.25 million registered in 2024-09-30. Current price change has pushed the stock 45.50% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SILV stock continues to rise going into the next quarter.
