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Silvergate Capital Corporation (SI) Downgrade Issued by Wall Street Gurus

Silvergate Capital Corporation (NYSE:SI) went up by 11.49% from its latest closing price compared to the recent 1-year high of $232.00. The company’s stock price has collected -10.18% of loss in the last five trading sessions. The Wall Street Journal reported on 11/20/22 that Crypto Bank Silvergate Battles FTX Contagion Fears

Is It Worth Investing in Silvergate Capital Corporation (NYSE :SI) Right Now?

Silvergate Capital Corporation (NYSE:SI) scored a price-to-earnings ratio above its average ratio, recording 7.30 x from its present earnings ratio. Opinions of the stock are interesting as 7 analysts out of 10 who provided ratings for Silvergate Capital Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $52.90, which is $40.21 above the current price. SI currently public float of 31.01M and currently shorts hold a 10.30% ratio of that float. Today, the average trading volume of SI was 2.07M shares.

SI’s Market Performance

SI stocks went down by -10.18% for the week, with a monthly drop of -53.60% and a quarterly performance of -71.77%, while its annual performance rate touched -86.00%. The volatility ratio for the week stands at 13.46% while the volatility levels for the past 30 days are set at 14.40% for Silvergate Capital Corporation. The simple moving average for the period of the last 20 days is -32.34% for SI stocks with a simple moving average of -68.59% for the last 200 days.

Analysts’ Opinion of SI

Many brokerage firms have already submitted their reports for SI stocks, with Wells Fargo repeating the rating for SI by listing it as a “Equal Weight.” The predicted price for SI in the upcoming period, according to Wells Fargo is $30 based on the research report published on November 21st of the current year 2022.

BofA Securities, on the other hand, stated in their research note that they expect to see SI reach a price target of $37, previously predicting the price at $72. The rating they have provided for SI stocks is “Neutral” according to the report published on November 10th, 2022.

Goldman gave a rating of “Neutral” to SI, setting the target price at $64 in the report published on October 26th of the current year.

SI Trading at -52.60% from the 50-Day Moving Average

After a stumble in the market that brought SI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -87.87% of loss for the given period.

Volatility was left at 14.40%, however, over the last 30 days, the volatility rate increased by 13.46%, as shares sank -51.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -68.10% lower at present.

During the last 5 trading sessions, SI fell by -10.18%, which changed the moving average for the period of 200-days by -76.88% in comparison to the 20-day moving average, which settled at $40.12. In addition, Silvergate Capital Corporation saw -81.01% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SI starting from LANE ALAN J, who sale 16,314 shares at the price of $92.46 back on Jul 21. After this action, LANE ALAN J now owns 0 shares of Silvergate Capital Corporation, valued at $1,508,324 using the latest closing price.

Fraher Kathleen, the Chief Operating Officer of Silvergate Capital Corporation, sale 750 shares at $135.00 during a trade that took place back on Apr 22, which means that Fraher Kathleen is holding 10,097 shares at $101,250 based on the most recent closing price.

Stock Fundamentals for SI

Current profitability levels for the company are sitting at:

  • +48.62 for the present operating margin

The net margin for Silvergate Capital Corporation stands at +44.71. Equity return is now at value 8.10, with 0.80 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.38.

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