The stock of Sprott Physical Silver Trust (PSLV) has gone down by -0.38% for the week, with a -0.81% drop in the past month and a 21.20% rise in the past quarter. The volatility ratio for the week is 2.02%, and the volatility levels for the past 30 days are 2.51% for PSLV. The simple moving average for the last 20 days is -1.49% for PSLV stock, with a simple moving average of 13.59% for the last 200 days.
Is It Worth Investing in Sprott Physical Silver Trust (NYSE: PSLV) Right Now?
The 36-month beta value for PSLV is also noteworthy at 0.67.
PSLV currently public float of 485.83M.The average trading volume of PSLV on May 06, 2024 was 3.60M shares.
PSLV) stock’s latest price update
Sprott Physical Silver Trust (NYSE: PSLV)’s stock price has increased by 2.51 compared to its previous closing price of 8.95. However, the company has seen a -0.38% decrease in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-03 that PSLV shares are again near $9. I think this level has flipped to support rather than resistance. Technical analysis suggests a strong multi-year uptrend in silver with potential for another attempt at capturing $30/oz. The fundamental case for PSLV is supported by rising US debt and supply/demand dynamics in the silver market.
PSLV Trading at 6.21% from the 50-Day Moving Average
After a stumble in the market that brought PSLV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.97% of loss for the given period.
Volatility was left at 2.51%, however, over the last 30 days, the volatility rate increased by 2.02%, as shares sank -2.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.00% upper at present.
During the last 5 trading sessions, PSLV fell by -0.33%, which changed the moving average for the period of 200-days by +8.64% in comparison to the 20-day moving average, which settled at $9.30. In addition, Sprott Physical Silver Trust saw 13.55% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for PSLV
Current profitability levels for the company are sitting at:
- 1.13 for the present operating margin
- 1.46 for the gross margin
The net margin for Sprott Physical Silver Trust stands at 1.13. The total capital return value is set at -0.01.
Currently, EBITDA for the company is -53.53 million with net debt to EBITDA at 0.11. When we switch over and look at the enterprise to sales, we see a ratio of -94.01.
Conclusion
In summary, Sprott Physical Silver Trust (PSLV) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
