First Majestic Silver Corporation (AG) is expecting 40.28% growth in the next quarter: What can investors do to maximize their returns?

First Majestic Silver Corporation (NYSE: AG) on Monday, plunged -2.51% from the previous trading day, before settling in for the closing price of $7.18. Within the past 52 weeks, AG’s price has moved between $4.17 and $8.44.

Over the past five-year period, the growth rate of yearbook sales for the company of the Basic Materials sector was 16.05%. The company achieved an average annual earnings per share of -3.93%. With a float of $296.63 million, this company’s outstanding shares have now reached $301.62 million.

Considering the fact that the conglomerate employs 3746 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 7.46%, operating margin of -9.42%, and the pretax margin is -13.78%.

First Majestic Silver Corporation (AG) Insider Activity

Observing investor behavior towards Silver industry stocks is more important than anything else. The insider ownership of First Majestic Silver Corporation is 1.65%, while institutional ownership is 31.98%.

First Majestic Silver Corporation (AG) Earnings and Forecasts

As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.04 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.02) by -0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.05 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -3.93% 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 15.51% growth over the previous five years of trading.

First Majestic Silver Corporation (NYSE: AG) Trading Performance Indicators

First Majestic Silver Corporation (AG) is currently performing well based on its current performance indicators. A quick ratio of 2.44 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.60.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.27, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach 0.25 in one year’s time.

Technical Analysis of First Majestic Silver Corporation (AG)

Compared to the last year’s volume of 8.25 million, its volume of 9.86 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 10.04%. Additionally, its Average True Range was 0.36.

During the past 100 days, First Majestic Silver Corporation’s (AG) raw stochastic average was set at 70.90%, which indicates a significant increase from 41.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.80% in the past 14 days, which was higher than the 60.88% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $6.34, while its 200-day Moving Average is $6.09. Nevertheless, the first resistance level for the watch stands at $7.20 in the near term. At $7.40, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.53. If the price goes on to break the first support level at $6.87, it is likely to go to the next support level at $6.74. Should the price break the second support level, the third support level stands at $6.54.

First Majestic Silver Corporation (NYSE: AG) Key Stats

Market capitalization of the company is 2.87 billion based on 301,616K outstanding shares. Right now, sales total 573,800 K and income totals -135,110 K. The company made 136,170 K in profit during its latest quarter, and -48,250 K in sales during its previous quarter.