Silvercorp Metals Inc [AMEX: SVM] stock went on a downward path that fall over -12.10% on Wednesday, amounting to a one-week price decrease of less than -8.48%.
Over the last 12 months, SVM stock rose by 52.14%. The one-year Silvercorp Metals Inc stock forecast points to a potential upside of 35.15. The average equity rating for SVM stock is currently 1.25, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $1.08 billion, with 217.56 million shares outstanding and 209.27 million shares in the current float. Compared to the average trading volume of 3.17M shares, SVM stock reached a trading volume of 15653672 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Silvercorp Metals Inc [SVM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SVM shares is $5.49 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SVM stock is a recommendation set at 1.25. 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.
Raymond James have made an estimate for Silvercorp Metals Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 31, 2023. The new note on the price target was released on July 20, 2020, representing the official price target for Silvercorp Metals Inc stock. Previously, the target price had yet another raise to $4.50, while Alliance Global Partners analysts kept a Buy rating on SVM stock. On November 12, 2019, analysts increased their price target for SVM shares from 4.25 to 4.35.
The Average True Range (ATR) for Silvercorp Metals Inc is set at 0.27, with the Price to Sales ratio for SVM stock in the period of the last 12 months amounting to 4.48. The Price to Book ratio for the last quarter was 1.10, with the Price to Cash per share for the same quarter was set at 0.69. Price to Free Cash Flow for SVM in the course of the last twelve months was 53.85 with Quick ratio for the last quarter at 2.79.
SVM Stock Performance Analysis:
Silvercorp Metals Inc [SVM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.48. With this latest performance, SVM shares dropped by -28.37% in over the last four-week period, additionally sinking by -7.77% over the last 6 months – not to mention a rise of 52.14% 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 SVM stock in for the last two-week period is set at 30.95, with the RSI for the last a single of trading hit 26.12, and the three-weeks RSI is set at 35.57 for Silvercorp Metals Inc [SVM]. The present Moving Average for the last 50 days of trading for this stock 4.45, while it was recorded at 3.92 for the last single week of trading, and 3.64 for the last 200 days.
Insight into Silvercorp Metals Inc Fundamentals:
Silvercorp Metals Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.79 and a Current Ratio set at 3.04.
SVM Stock EPS
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 SVM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Silvercorp Metals Inc go to 5.00%.
Silvercorp Metals Inc [SVM] Institutonal Ownership Details
There are presently around $40.68%, or 42.22%% of SVM stock, in the hands of institutional investors. The top three institutional holders of SVM stocks are: VAN ECK ASSOCIATES CORP with ownership of 8.71 million shares, which is approximately 4.9215%. TOROSO INVESTMENTS, LLC, holding 6.28 million shares of the stock with an approximate value of $$21.1 million in SVM stocks shares; and TOROSO INVESTMENTS, LLC, currently with $$17.58 million in SVM stock with ownership which is approximately 2.9669%.
