The stock of SilverCrest Metals Inc (AMEX: SILV) has increased by 4.67 when compared to last closing price of 7.49. Despite this, the company has experienced a 12.81% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-02 that Silver miner ETF (SLVP) topped the list of best-performing ETFs in the past month, gaining 27.4%. Being a leveraged play, metal miners tend to experience more gains than their bullion cousins in a rising metal market.
Is It Worth Investing in SilverCrest Metals Inc (AMEX: SILV) Right Now?
SilverCrest Metals Inc (AMEX: SILV) has a higher price-to-earnings ratio of 10.03x compared to its average ratio, The 36-month beta value for SILV is at 1.25. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SILV is 143.13M, and currently, shorts hold a 8.85% of that float. The average trading volume for SILV on April 24, 2024 was 1.59M shares.
SILV’s Market Performance
SILV’s stock has seen a 12.81% increase for the week, with a 19.15% rise in the past month and a 34.25% gain in the past quarter. The volatility ratio for the week is 4.81%, and the volatility levels for the past 30 days are at 4.47% for SilverCrest Metals Inc The simple moving average for the last 20 days is 10.63% for SILV stock, with a simple moving average of 39.32% for the last 200 days.
SILV Trading at 25.67% from the 50-Day Moving Average
After a stumble in the market that brought SILV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.01% of loss for the given period.
Volatility was left at 4.47%, however, over the last 30 days, the volatility rate increased by 4.81%, as shares surge +18.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.77% upper at present.
During the last 5 trading sessions, SILV rose by +12.81%, which changed the moving average for the period of 200-days by +34.71% in comparison to the 20-day moving average, which settled at $7.15. In addition, SilverCrest Metals Inc saw 19.69% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SILV
Current profitability levels for the company are sitting at:
- 0.53 for the present operating margin
- 0.61 for the gross margin
The net margin for SilverCrest Metals Inc stands at 0.38. The total capital return value is set at 0.32. Equity return is now at value 34.36, with 28.62 for asset returns.
Based on SilverCrest Metals Inc (SILV), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 475.5. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 22.93.
Currently, EBITDA for the company is 14.75 million with net debt to EBITDA at -0.51. When we switch over and look at the enterprise to sales, we see a ratio of 4.78. The receivables turnover for the company is 13.56for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.45.
Conclusion
In conclusion, SilverCrest Metals Inc (SILV) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
