A new trading day began on Tuesday, with Silvercorp Metals Inc (AMEX: SVM) stock price down -0.30% from the previous day of trading, before settling in for the closing price of $3.36. SVM’s price has ranged from $2.08 to $4.39 over the past 52 weeks.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 5.29%. Meanwhile, its annual earnings per share averaged 26.51%. With a float of $169.52 million, this company’s outstanding shares have now reached $177.31 million.
Let’s determine the extent of company efficiency that accounts for 1446 employees.
Silvercorp Metals Inc (SVM) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Silver Industry. The insider ownership of Silvercorp Metals Inc is 4.56%, while institutional ownership is 30.67%.
Silvercorp Metals Inc (SVM) Earnings and Forecasts
In its latest quarterly report, released on 3/31/2024, the company reported earnings of 0.05 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 26.51% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.00% during the next five years compared to -2.75% drop over the previous five years of trading.
Silvercorp Metals Inc (AMEX: SVM) Trading Performance Indicators
Here are Silvercorp Metals Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 4.12. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.77. Likewise, its price to free cash flow for the trailing twelve months is 21.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.20, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach 0.35 in one year’s time.
Technical Analysis of Silvercorp Metals Inc (SVM)
Looking closely at Silvercorp Metals Inc (AMEX: SVM), its last 5-days average volume was 0.95 million, which is a drop from its year-to-date volume of 1.76 million. As of the previous 9 days, the stock’s Stochastic %D was 24.37%. Additionally, its Average True Range was 0.14.
During the past 100 days, Silvercorp Metals Inc’s (SVM) raw stochastic average was set at 52.06%, which indicates a significant increase from 20.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.37% in the past 14 days, which was lower than the 53.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.59, while its 200-day Moving Average is $2.86. However, in the short run, Silvercorp Metals Inc’s stock first resistance to watch stands at $3.40. Second resistance stands at $3.46. The third major resistance level sits at $3.53. If the price goes on to break the first support level at $3.28, it is likely to go to the next support level at $3.21. Should the price break the second support level, the third support level stands at $3.15.
Silvercorp Metals Inc (AMEX: SVM) Key Stats
With a market capitalization of 595.03 million, the company has a total of 177,673K Shares Outstanding. Currently, annual sales are 215,190 K while annual income is 36,310 K. The company’s previous quarter sales were 42,680 K while its latest quarter income was 5,530 K.
