Silvergate Capital Corporation [SI] Stock trading around $170.88 per share: What’s Next?

Silvergate Capital Corporation [NYSE: SI] closed the trading session at $170.88 on 02/19/21. The day’s price range saw the stock hit a low of $154.0101, while the highest price level was $174.79. The company report on February 11, 2021 that Siemens Government Technologies Chosen for Electronic Security System Maintenance & Services on Florida’s Space Coast.

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Siemens Government Technologies (SGT), Inc. – the federally-focused U.S. arm of technology powerhouse Siemens – has been awarded an initial task order for a contract valued up to $21 million by the U.S. Army Engineering and Support Center, Huntsville, for electronic security maintenance and support of vital operations conducted by the Space Force 45th Space Wing on Florida’s Space Coast. Utilizing the Army Corps of Engineers’ Utility Monitoring and Control Systems fifth generation (UMCS V) contracting vehicle, SGT will leverage smart infrastructure expertise to provide maintenance and support for electronic security systems in support of orbital vehicle launches and range operations at Cape Canaveral Air Force Station (CCAFS), Patrick Air Force Base (PAFB) and Kennedy Space Center.

The 45th Space Wing has a distinguished history and legacy dating back to the 1940s. As one of two space launch wings for the U.S. Space Force, the 45th Space Wing provides support for NASA, the Air Force’s Technical Applications Center and 920th Rescue Wing and the Naval Ordnance Test Unit. Taken as a whole, these organizations are ultimately responsible for U.S. national interests in space exploration, strategic defense and deterrence missions.

The stocks have a year to date performance of 129.96 percent and weekly performance of 14.36 percent. The stock has been moved at 1038.44 percent over the last six months. The stock has performed 157.23 percent around the most recent 30 days and changed 471.31 percent over the most recent 3-months.

If compared to the average trading volume of 1.16M shares, SI reached to a volume of 1058851 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Silvergate Capital Corporation [SI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SI shares is $111.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SI stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Silvergate Capital Corporation shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on January 14, 2021. The new note on the price target was released on December 22, 2020, representing the official price target for Silvergate Capital Corporation stock. Previously, the target price had yet another raise to $54, while Keefe Bruyette analysts kept a Outperform rating on SI stock.

The Average True Range (ATR) for Silvergate Capital Corporation is set at 16.34, with the Price to Sales ratio for SI stock in the period of the last 12 months amounting to 36.41. The Price to Book ratio for the last quarter was 11.25, with the Price to Cash per share for the same quarter was set at 14.59.

SI stock trade performance evaluation

Silvergate Capital Corporation [SI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.36. With this latest performance, SI shares gained by 157.23% in over the last four-week period, additionally plugging by 1038.44% over the last 6 months – not to mention a rise of 934.38% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SI stock in for the last two-week period is set at 71.10, with the RSI for the last a single of trading hit 69.54, and the three-weeks RSI is set at 71.79 for Silvergate Capital Corporation [SI]. The present Moving Average for the last 50 days of trading for this stock 86.50, while it was recorded at 166.44 for the last single week of trading, and 34.92 for the last 200 days.

Silvergate Capital Corporation [SI]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Silvergate Capital Corporation [SI] shares currently have an operating margin of +30.94. Silvergate Capital Corporation’s Net Margin is presently recorded at +26.61.

Return on Total Capital for SI is now 9.85, given the latest momentum, and Return on Invested Capital for the company is 9.25. Return on Equity for this stock inclined to 9.91, with Return on Assets sitting at 0.67. When it comes to the capital structure of this company, Silvergate Capital Corporation [SI] has a Total Debt to Total Equity ratio set at 5.38. Additionally, SI Total Debt to Total Capital is recorded at 5.10, with Total Debt to Total Assets ending up at 0.28. Long-Term Debt to Equity for the company is recorded at 5.38, with the Long-Term Debt to Total Capital now at 5.10.

Earnings per share (EPS) analysis for Silvergate Capital Corporation [SI] stock

With the latest financial reports released by the company, Silvergate Capital Corporation posted 0.23/share EPS, while the average EPS was predicted by analysts to be reported at 0.18/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 27.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SI.

Silvergate Capital Corporation [SI]: Insider Ownership positions

There are presently around $1,579 million, or 52.90% of SI stock, in the hands of institutional investors. The top three institutional holders of SI stocks are: SENVEST MANAGEMENT, LLC with ownership of 1,214,491, which is approximately -23.198% of the company’s market cap and around 1.90% of the total institutional ownership; BLACKROCK INC., holding 1,144,811 shares of the stock with an approximate value of $195.62 million in SI stocks shares; and VANGUARD GROUP INC, currently with $112.33 million in SI stock with ownership of nearly 3.77% of the company’s market capitalization.

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Positions in Silvergate Capital Corporation stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 97 institutional holders increased their position in Silvergate Capital Corporation [NYSE:SI] by around 3,744,252 shares. Additionally, 39 investors decreased positions by around 5,001,442 shares, while 10 investors held positions by with 496,307 shares. The mentioned changes placed institutional holdings at 9,242,001 shares, according to the latest SEC report filing. SI stock had 77 new institutional investments in for a total of 2,584,956 shares, while 9 institutional investors sold positions of 2,074,107 shares during the same period.

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