First Majestic Silver Corporation (NYSE: AG) has experienced a decline in its stock price by -0.59 compared to its previous closing price of 6.77. However, the company has seen a fall of -10.51% in its stock price over the last five trading days. MarketBeat reported 2024-04-10 that Silver has surged impressively, defying expectations amidst a buoyant economic landscape and optimistic market sentiments. Its recent rally showcases an upward trajectory, with Silver Futures currently trading at $28.09 per ounce, marking an impressive 17% increase year-to-date from the starting point of $23.95.
Is It Worth Investing in First Majestic Silver Corporation (NYSE: AG) Right Now?
The stock has a 36-month beta value of 1.37. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for AG is 280.47M, and at present, short sellers hold a 7.11% of that float. On April 22, 2024, the average trading volume of AG was 9.07M shares.
AG’s Market Performance
AG’s stock has seen a -10.51% decrease for the week, with a 20.61% rise in the past month and a 42.89% gain in the past quarter. The volatility ratio for the week is 5.69%, and the volatility levels for the past 30 days are at 6.72% for First Majestic Silver Corporation. The simple moving average for the past 20 days is -0.74% for AG’s stock, with a 19.73% simple moving average for the past 200 days.
AG Trading at 19.33% from the 50-Day Moving Average
After a stumble in the market that brought AG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.26% of loss for the given period.
Volatility was left at 6.72%, however, over the last 30 days, the volatility rate increased by 5.69%, as shares surge +23.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +44.11% upper at present.
During the last 5 trading sessions, AG fell by -10.51%, which changed the moving average for the period of 200-days by +18.69% in comparison to the 20-day moving average, which settled at $6.84. In addition, First Majestic Silver Corporation saw 9.43% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for AG
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.04 for the gross margin
The net margin for First Majestic Silver Corporation stands at -0.23. The total capital return value is set at -0.03. Equity return is now at value -9.76, with -6.61 for asset returns.
Based on First Majestic Silver Corporation (AG), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is -4.17.
Currently, EBITDA for the company is 79.27 million with net debt to EBITDA at 1.73. When we switch over and look at the enterprise to sales, we see a ratio of 3.56. The receivables turnover for the company is 11.96for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.57.
Conclusion
To sum up, First Majestic Silver Corporation (AG) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
