First Majestic Silver Corporation (AG) 20 Days SMA touches 17.69%: The odds favor the bear

Steve Mayer

First Majestic Silver Corporation (NYSE: AG) kicked off on Friday, up 4.03% from the previous trading day, before settling in for the closing price of $11.67. Over the past 52 weeks, AG has traded in a range of $5.09-$12.67.

During the last 5-year period, the sales drop of Basic Materials Sector giant was -11.42%. While this was happening, its average annual earnings per share was recorded 235.71%. With a float of $457.17 million, this company’s outstanding shares have now reached $487.25 million.

First Majestic Silver Corporation (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 Corporation is 6.42%, while institutional ownership is 46.84%. The most recent insider transaction that took place on Jun 05 ’25, was worth 16,820,000. Before that another transaction happened on Jun 02 ’25, when Company’s Recent Affiliate proposed sale 5,000,000 for $6.88, making the entire transaction worth $34,400,000.

First Majestic Silver Corporation (AG) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -0.03 earnings per share (EPS), lower than consensus estimate (set at 0.01) by -0.04. 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 235.71% per share during the next fiscal year.

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

Take a look at First Majestic Silver Corporation’s (AG) current performance indicators. Last quarter, stock had a quick ratio of 2.84. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.18. Likewise, its price to free cash flow for the trailing twelve months is 59.46.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.02, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.20 in one year’s time.

Technical Analysis of First Majestic Silver Corporation (AG)

Looking closely at First Majestic Silver Corporation (NYSE: AG), its last 5-days average volume was 28.36 million, which is a jump from its year-to-date volume of 21.18 million. As of the previous 9 days, the stock’s Stochastic %D was 68.94%.

During the past 100 days, First Majestic Silver Corporation’s (AG) raw stochastic average was set at 92.64%, which indicates a significant increase from 85.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.64 in the past 14 days, which was higher than the 0.41 volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $9.30, while its 200-day Moving Average is $7.18. However, in the short run, First Majestic Silver Corporation’s stock first resistance to watch stands at $12.54. Second resistance stands at $12.94. The third major resistance level sits at $13.34. If the price goes on to break the first support level at $11.74, it is likely to go to the next support level at $11.34. Should the price break the second support level, the third support level stands at $10.94.

First Majestic Silver Corporation (NYSE: AG) Key Stats

The company with the Market Capitalisation of 5.93 billion has total of 489,122K Shares Outstanding. Its annual sales at the moment are 560,600 K in contrast with the sum of -101,890 K annual income. Company’s last quarter sales were recorded 264,230 K and last quarter income was 52,550 K.

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