The stock price of SilverCrest Metals Inc (AMEX: SILV) has surged by 2.90 when compared to previous closing price of 7.68, but the company has seen a -5.02% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-08 that SilverCrest Metals is a high-quality silver miner with a low-cost mine in Mexico, listed in Canada and the U.S. Q2 2024 results show record production, strong financials, debt-free status, and potential for acquisitions. Despite strong performance, lack of share buybacks raises questions about the attractiveness of the share price.
Is It Worth Investing in SilverCrest Metals Inc (AMEX: SILV) Right Now?
The price-to-earnings ratio for SilverCrest Metals Inc (AMEX: SILV) is above average at 10.99x. The 36-month beta value for SILV is also noteworthy at 1.24. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SILV is 145.17M, and at present, short sellers hold a 4.61% of that float. The average trading volume of SILV on September 05, 2024 was 1.46M shares.
SILV’s Market Performance
The stock of SilverCrest Metals Inc (SILV) has seen a -5.02% decrease in the past week, with a -7.79% drop in the past month, and a -3.39% fall in the past quarter. The volatility ratio for the week is 3.27%, and the volatility levels for the past 30 days are at 4.28% for SILV. The simple moving average for the past 20 days is -5.13% for SILV’s stock, with a 7.91% simple moving average for the past 200 days.
SILV Trading at -9.72% 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 -23.01% of loss for the given period.
Volatility was left at 4.28%, however, over the last 30 days, the volatility rate increased by 3.27%, as shares sank -1.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.33% lower at present.
During the last 5 trading sessions, SILV fell by -4.21%, which changed the moving average for the period of 200-days by +45.97% in comparison to the 20-day moving average, which settled at $8.32. In addition, SilverCrest Metals Inc saw 20.65% 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:
- 0.5 for the present operating margin
- 0.58 for the gross margin
The net margin for SilverCrest Metals Inc stands at 0.4. The total capital return value is set at 0.28. Equity return is now at value 26.79, with 24.32 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 225.1. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 493.86.
Currently, EBITDA for the company is 155.98 million with net debt to EBITDA at -0.61. When we switch over and look at the enterprise to sales, we see a ratio of 4.07. The receivables turnover for the company is 17.54for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.87.
Conclusion
In summary, SilverCrest Metals Inc (SILV) 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’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
