Silvercorp Metals Inc (AMEX:SVM) shares, rose in value, with the stock price up by 3.25% to the previous day’s close as strong demand from buyers drove the stock to $3.10.
Actively observing the price movement in the recent trading, the stock is buoying the session at $3.00, falling within a range of $3.08 and $3.14. The value of beta (5-year monthly) is 1.158 whereas the PE ratio is 10.43 over 12-month period. Referring to stock’s 52-week performance, its high was $5.32, and the low was $2.22. On the whole, SVM has fluctuated by 3.95% over the past month.
With the market capitalization of Silvercorp Metals Inc currently standing at about $673.91 million, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.03, with its dividend yield at 0.81%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 288.77M, with a low estimate of 83.6M and a high estimate of 84M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 83.8M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SVM’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 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of SVM currently trading nearly 1.13% and -4.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.29, while the 7-day volatility ratio is showing 4.70% which for the 30-day chart, stands at 4.14%. Furthermore, Silvercorp Metals Inc (SVM)’s beta value is 1.19, and its average true range (ATR) is 0.14.
A comparison of Silvercorp Metals Inc (SVM) with its peers suggests the former has fared considerably weaker in the market. SVM showed an intraday change of 3.25% in today’s session so far, and over the past year, it grew by 26.43%%.
Data on historical trading for Silvercorp Metals Inc (AMEX:SVM) indicates that the trading volumes over the past 10 days have averaged 4.29 and over the past 3 months, they’ve averaged 3.75 million. According to company’s latest data on outstanding shares, there are 216.93 million shares outstanding.
Nearly 3.80% of Silvercorp Metals Inc’s shares belong to company insiders and institutional investors own 36.08% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.75 million shares as on 2024-12-31, resulting in a short ratio of 2.89. According to the data, the short interest in Silvercorp Metals Inc (SVM) stood at 417.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 10.15 million. The stock has risen by 3.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SVM stock heading into the next quarter.
