At the time of writing, SilverCrest Metals Inc [SILV] stock is trading at $11.13, up 7.12%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SILV shares have gain 13.92% over the last week, with a monthly amount glided 7.23%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
SilverCrest Metals Inc [AMEX: SILV] stock has seen the most recent analyst activity on May 23, 2024, when Scotiabank downgraded its rating to a Sector Perform. Previously, Desjardins downgraded its rating to Hold on March 12, 2024. RBC Capital Mkts downgraded its rating to a Sector Perform. Stifel downgraded its rating to a Hold. Scotiabank started tracking with a Sector Outperform rating for this stock on March 28, 2023, and assigned it a price target of $8.
For the past year, the stock price of SilverCrest Metals Inc fluctuated between $4.83 and $11.91. Currently, Wall Street analysts expect the stock to reach $8.5 within the next 12 months. SilverCrest Metals Inc [AMEX: SILV] shares were valued at $11.13 at the most recent close of the market. An investor can expect a potential drop of -23.63% based on the average SILV price forecast.
Analyzing the SILV fundamentals
According to SilverCrest Metals Inc [AMEX:SILV], the company’s sales were 278.08M for trailing twelve months, which represents an 25.92% jump. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.57%, Pretax Profit Margin comes in at 0.49%, and Net Profit Margin reading is 0.31%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.2 and Total Capital is 0.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.69 points at the first support level, and at 10.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.61, and for the 2nd resistance point, it is at 12.10.
Ratios To Look Out For
It is important to note that SilverCrest Metals Inc [AMEX:SILV] has a current ratio of 4.89. Further, the Quick Ratio stands at 3.68, while the Cash Ratio is 2.47. Considering the valuation of this stock, the price to sales ratio is 5.95, the price to book ratio is 3.56 and price to earnings (TTM) ratio is 19.19.
