-24.34% percent quarterly performance for First Majestic Silver Corp. (AG) is not indicative of the underlying story

First Majestic Silver Corp. (NYSE: AG) kicked off on August 04, 2022, at the price of $7.50, up 9.23% from the previous trading day. During the day, the shares moved up to $8.25 and dropped to $7.415 before settling in for the closing price of $7.37. Over the past 52 weeks, AG has traded in a range of $6.31-$14.67.


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While this was happening, its average annual earnings per share was recorded 850.00%. With a float of $236.74 million, this company’s outstanding shares have now reached $262.85 million.

In terms of profitability, gross margin is +16.52, operating margin of +8.01, and the pretax margin is +4.32.

First Majestic Silver Corp. (AG) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Silver Industry. The insider ownership of First Majestic Silver Corp. is 12.49%, while institutional ownership is 33.58%.

First Majestic Silver Corp. (AG) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 3/30/2022, the organization reported -$0.02 earnings per share (EPS), lower than consensus estimate (set at $0.08) by -$0.1. This company achieved a net margin of -0.84 while generating a return on equity of -0.43. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 850.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 46.80% during the next five years compared to -33.08% drop over the previous five years of trading.

First Majestic Silver Corp. (NYSE: AG) Trading Performance Indicators

Take a look at First Majestic Silver Corp.’s (AG) current performance indicators. Last quarter, stock had a price to sales ratio for the trailing twelve months stands at 3.30.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.00, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach 0.49 in one year’s time.

Technical Analysis of First Majestic Silver Corp. (AG)

Compared to the last year’s volume of 6.16 million, its volume of 5.9 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 79.26%. Additionally, its Average True Range was 0.45.

During the past 100 days, First Majestic Silver Corp.’s (AG) raw stochastic average was set at 21.01%, which indicates a significant decrease from 89.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.15% in the past 14 days, which was lower than the 64.95% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $7.67, while its 200-day Moving Average is $10.68. Nevertheless, the first resistance level for the watch stands at $8.40 in the near term. At $8.74, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.23. If the price goes on to break the first support level at $7.56, it is likely to go to the next support level at $7.07. Should the price break the second support level, the third support level stands at $6.72.

First Majestic Silver Corp. (NYSE: AG) Key Stats

The company with the Market Capitalisation of 2.12 billion has total of 262,853K Shares Outstanding. Its annual sales at the moment are 584,120 K in contrast with the sum of -4,920 K annual income. Company’s last quarter sales were recorded 156,840 K and last quarter income was 7,290 K.

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