Silvergate Capital Corporation [SI] fell -29.66% so far this year. What now?

Silvergate Capital Corporation [NYSE: SI] slipped around -0.33 points on Friday, while shares priced at $12.24 at the close of the session, down -2.63%. The company report on January 5, 2023 that Silvergate Announces Select Preliminary Fourth Quarter 2022 Financial Metrics and Provides Business Update.

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Company to Host Conference Call Today at 8:00 a.m. ET to Discuss Recent Developments.

Silvergate Capital Corporation (“Silvergate” or the “Company”) (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset industry, today announced select unaudited and preliminary financial metrics for the three months ended December 31, 2022 and provided a business update. These metrics are subject to change in connection with conducting and completing normal closing procedures and an audit for the year ended December 31, 2022. The Company will also host a conference call at 8:00 a.m. (Eastern Time) today, January 5, 2023, to discuss certain recent developments.

Silvergate Capital Corporation stock is now -29.66% down from its year-to-date (YTD) trading value. SI Stock saw the intraday high of $12.41 and lowest of $10.81 per share. The company’s 52-week high price is 162.65, which means current price is +13.23% above from all time high which was touched on 01/04/23.

Compared to the average trading volume of 4.72M shares, SI reached a trading volume of 17605056 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $17.50 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 2.10. 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.

JP Morgan have made an estimate for Silvergate Capital Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 06, 2023. While these analysts kept the previous recommendation, Craig Hallum dropped their target price from $36 to $14. The new note on the price target was released on January 06, 2023, representing the official price target for Silvergate Capital Corporation stock. Previously, the target price had yet another drop from $37 to $8, while BofA Securities kept a Underperform rating on SI stock. On December 12, 2022, analysts decreased their price target for SI shares from 45 to 30.

The Average True Range (ATR) for Silvergate Capital Corporation is set at 2.88, with the Price to Sales ratio for SI stock in the period of the last 12 months amounting to 1.58. The Price to Book ratio for the last quarter was 0.29, with the Price to Cash per share for the same quarter was set at 64.64. Price to Free Cash Flow for SI in the course of the last twelve months was 1.75.

How has SI stock performed recently?

Silvergate Capital Corporation [SI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -26.44. With this latest performance, SI shares dropped by -47.01% in over the last four-week period, additionally sinking by -80.65% over the last 6 months – not to mention a drop of -91.02% 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 30.71, with the RSI for the last a single of trading hit 31.34, and the three-weeks RSI is set at 30.41 for Silvergate Capital Corporation [SI]. The present Moving Average for the last 50 days of trading for this stock 28.88, while it was recorded at 16.29 for the last single week of trading, and 74.28 for the last 200 days.

Silvergate Capital Corporation [SI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Silvergate Capital Corporation [SI] shares currently have an operating margin of +48.62. Silvergate Capital Corporation’s Net Margin is presently recorded at +44.71.

Return on Equity for this stock inclined to 8.25, with Return on Assets sitting at 0.73.

Earnings analysis for Silvergate Capital Corporation [SI]

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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Silvergate Capital Corporation go to 33.80%.

Insider trade positions for Silvergate Capital Corporation [SI]

There are presently around $302 million, or 79.90% of SI stock, in the hands of institutional investors. The top three institutional holders of SI stocks are: VANGUARD GROUP INC with ownership of 2,898,115, which is approximately -0.466% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 2,111,902 shares of the stock with an approximate value of $25.85 million in SI stocks shares; and STATE STREET CORP, currently with $20.65 million in SI stock with ownership of nearly 6.188% of the company’s market capitalization.

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 142 institutional holders increased their position in Silvergate Capital Corporation [NYSE:SI] by around 2,757,872 shares. Additionally, 125 investors decreased positions by around 2,684,371 shares, while 33 investors held positions by with 19,191,114 shares. The mentioned changes placed institutional holdings at 24,633,357 shares, according to the latest SEC report filing. SI stock had 47 new institutional investments in for a total of 1,182,962 shares, while 32 institutional investors sold positions of 322,241 shares during the same period.

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