Avino Silver & Gold Mines Ltd (AMEX:ASM) price on Wednesday, January 15, rose 9.77% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.04.
A look at the stock’s price movement, the close in the last trading session was $0.95, moving within a range at $0.9573 and $1.0466. The beta value (5-Year monthly) was 2.012 while the PE ratio in trailing twelve months stood at 38.38. Turning to its 52-week performance, $1.56 and $0.44 were the 52-week high and 52-week low respectively. Overall, ASM moved -5.45% over the past month.
Avino Silver & Gold Mines Ltd’s market cap currently stands at around $146.15 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 24.05M for the company’s revenue for the quarter, with a low and high estimate of 24.03M and 24.08M respectively. The average forecast suggests up to a 41.57% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 91.65M, representing a 54.01% 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 ASM is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
2 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 0 analyst(s) rate the stock as a Hold, 2 recommend ASM 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.
ASM’s current price about 11.38% and -0.87% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.62, while 7-day volatility ratio is 5.44% and 5.63% in the 30-day chart. Further, Avino Silver & Gold Mines Ltd (ASM) has a beta value of 1.93, and an average true range (ATR) of 0.06. Analysts have given the company’s stock an average 52-week price target of $1.55, forecast between a low of $1.5 and high of $1.6. Looking at the price targets, the low is -44.23% off current price level while to achieve the yearly target high, price needs to move -53.85%. Nonetheless, investors will most likely welcome a -49.04% jump to $1.55 which is the analysts’ median price.
If we refocus on Avino Silver & Gold Mines Ltd (AMEX:ASM), historical trading data shows that trading volumes averaged 0.92 over the past 10 days and 1.81 million over the past 3 months. The company’s latest data on shares outstanding shows there are 140.53 million shares.
The 4.59% of Avino Silver & Gold Mines Ltd’s shares are in the hands of company insiders while institutional holders own 7.91% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.25 million on 2024-10-31, giving us a short ratio of 0.14. The data shows that as of 2024-10-31 short interest in Avino Silver & Gold Mines Ltd (ASM) stood at 19.0 of shares outstanding, with shares short falling to 1.24 million registered in 2024-09-30. Current price change has pushed the stock 18.05% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ASM stock continues to rise going into the next quarter.
