MAG Silver Corp (AMEX: MAG) on Tuesday, soared 3.79% from the previous trading day, before settling in for the closing price of $15.32. Within the past 52 weeks, MAG’s price has moved between $8.19 and $18.27.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
The company achieved an average annual earnings per share of 59.01%. With a float of $92.99 million, this company’s outstanding shares have now reached $103.31 million.
In an organization with 12 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -1769335.48%, operating margin of 114960287.1%, and the pretax margin is 132776687.1%.
MAG Silver Corp (MAG) Insider Updates
Observing investor behavior towards Silver industry stocks is more important than anything else. The insider ownership of MAG Silver Corp is 9.98%, while institutional ownership is 60.92%.
MAG Silver Corp (MAG) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.15 earnings per share (EPS) for the period topping the consensus outlook (set at 0.13) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 59.01% per share during the next fiscal year.
MAG Silver Corp (AMEX: MAG) Trading Performance Indicators
MAG Silver Corp (MAG) is currently performing well based on its current performance indicators. A quick ratio of 32.55 was reported for the most recent quarter. Likewise, its price to free cash flow for the trailing twelve months is 33.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.72, a number that is poised to hit 0.18 in the next quarter and is forecasted to reach 0.88 in one year’s time.
Technical Analysis of MAG Silver Corp (MAG)
Let’s dig in a bit further. During the last 5-days, its volume was 0.42 million. That was inferior than the volume of 0.72 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 57.43%. Additionally, its Average True Range was 0.63.
During the past 100 days, MAG Silver Corp’s (MAG) raw stochastic average was set at 66.05%, which indicates a significant decrease from 83.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.30% in the past 14 days, which was lower than the 43.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.83, while its 200-day Moving Average is $13.02. However, in the short run, MAG Silver Corp’s stock first resistance to watch stands at $16.26. Second resistance stands at $16.62. The third major resistance level sits at $17.07. If the price goes on to break the first support level at $15.46, it is likely to go to the next support level at $15.01. Assuming the price breaks the second support level, the third support level stands at $14.65.
MAG Silver Corp (AMEX: MAG) Key Stats
Market capitalization of the company is 1.64 billion based on 103,307K outstanding shares. Right now, sales total 0 K and income totals 48,660 K. The company made 0 K in profit during its latest quarter, and 22,290 K in sales during its previous quarter.
