In the past week, MAG stock has gone down by -8.71%, with a monthly decline of -3.12% and a quarterly surge of 16.83%. The volatility ratio for the week is 4.98%, and the volatility levels for the last 30 days are 4.22% for MAG Silver Corp The simple moving average for the last 20 days is -9.18% for MAG stock, with a simple moving average of 20.35% for the last 200 days.
Is It Worth Investing in MAG Silver Corp (AMEX: MAG) Right Now?
MAG Silver Corp (AMEX: MAG) has a price-to-earnings ratio that is above its average at 21.17x. The stock has a 36-month beta value of 1.08. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MAG is 92.83M, and at present, short sellers hold a 2.84% of that float. On November 15, 2024, the average trading volume of MAG was 652.31K shares.
MAG) stock’s latest price update
MAG Silver Corp (AMEX: MAG)’s stock price has increased by 3.05 compared to its previous closing price of 14.75. However, the company has seen a -8.71% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-12 that MAG Silver Corp. owns a 44% stake in the low-cost Juanicipio silver mine, with Fresnillo owning the remaining portion. The company’s other exploration projects in North America are considered less valuable and potentially detracting from shareholder returns. MAG Silver’s stock has surged 46% in 2024, outperforming silver, gold, and precious metals ETFs, driven by strong performance and cash flow from Juanicipio.
Analysts’ Opinion of MAG
Many brokerage firms have already submitted their reports for MAG stocks, with ROTH MKM repeating the rating for MAG by listing it as a “Neutral.” The predicted price for MAG in the upcoming period, according to ROTH MKM is $17.50 based on the research report published on October 24, 2024 of the current year 2024.
MAG Trading at -1.10% from the 50-Day Moving Average
After a stumble in the market that brought MAG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.80% of loss for the given period.
Volatility was left at 4.22%, however, over the last 30 days, the volatility rate increased by 4.98%, as shares sank -3.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.79% upper at present.
During the last 5 trading sessions, MAG fell by -8.71%, which changed the moving average for the period of 200-days by +68.51% in comparison to the 20-day moving average, which settled at $16.74. In addition, MAG Silver Corp saw 46.01% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MAG
Current profitability levels for the company are sitting at:
- 738151.26 for the present operating margin
- -18703.39 for the gross margin
The net margin for MAG Silver Corp stands at 1969838.71. The total capital return value is set at 0.04. Equity return is now at value 14.03, with 13.67 for asset returns.
Currently, EBITDA for the company is -13.98 million with net debt to EBITDA at 6.36. When we switch over and look at the enterprise to sales, we see a ratio of 47435922.58. The receivables turnover for the company is 0.0for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 32.55.
Conclusion
To sum up, MAG Silver Corp (MAG) 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’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.
