A share price of SilverCrest Metals Inc [SILV] is currently trading at $10.08, up 6.33%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SILV shares have gain 4.13% over the last week, with a monthly amount drifted -12.95%, and not 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.
SilverCrest Metals Inc experienced fluctuations in its stock price throughout the past year 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 $10.08 at the most recent close of the market. An investor can expect a potential drop of -15.67% based on the average SILV price forecast.
Analyzing the SILV fundamentals
Trailing Twelve Months sales for SilverCrest Metals Inc [AMEX:SILV] were 278.08M which represents 25.92% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 9.68 points at the first support level, and at 9.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.31, and for the 2nd resistance point, it is at 10.55.
Ratios To Look Out For
To put it in perspective, the Current Ratio for SilverCrest Metals Inc [AMEX:SILV] is 4.89. As well, the Quick Ratio is 3.68, while the Cash Ratio is 2.47. Considering the valuation of this stock, the price to sales ratio is 5.39, the price to book ratio is 3.23 and price to earnings (TTM) ratio is 17.38.
