First Majestic Silver Corporation (NYSE:AG) shares, rose in value on Friday, January 03, with the stock price up by 0.08% to the previous day’s close as strong demand from buyers drove the stock to $5.95.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.95, falling within a range of $5.885 and $5.99. The value of beta (5-year monthly) is 1.387. Referring to stock’s 52-week performance, its high was $8.44, and the low was $4.17. On the whole, AG has fluctuated by -6.07% over the past month.
With the market capitalization of First Majestic Silver Corporation currently standing at about $1.80 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.02, with its dividend yield at 0.30%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 758.33M, with a low estimate of 216.43M and a high estimate of 216.43M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 216.43M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AG’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy 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 N/A, with the price of AG currently trading nearly 1.46% and -6.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.62, while the 7-day volatility ratio is showing 4.30% which for the 30-day chart, stands at 4.30%. Furthermore, First Majestic Silver Corporation (AG)’s beta value is 1.23, and its average true range (ATR) is 0.27.
A comparison of First Majestic Silver Corporation (AG) with its peers suggests the former has fared considerably weaker in the market. AG showed an intraday change of 0.08% in today’s session so far, and over the past year, it grew by 7.10%%.
Data on historical trading for First Majestic Silver Corporation (NYSE:AG) indicates that the trading volumes over the past 10 days have averaged 10.09 and over the past 3 months, they’ve averaged 10.00 million. According to company’s latest data on outstanding shares, there are 301.72 million shares outstanding.
Nearly 1.68% of First Majestic Silver Corporation’s shares belong to company insiders and institutional investors own 36.77% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 37.81 million shares as on 2024-12-13, resulting in a short ratio of 3.93. The stock has risen by 8.47% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AG stock heading into the next quarter.
