2 times Within The Past Five Days, First Majestic Silver Corp. (AG) Hit A New High

First Majestic Silver Corp. (NYSE:AG) finished Friday with a subtraction of -$0.07 to close at $7.31, a downside of -0.95 percent. An average of 4,884,120 shares of common stock have been traded in the last five days. There was a fall of -$0.37 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 6,267,625 shares traded, while the 50-day average volume stands at 5,960,396.

AG stock has decreased by -16.55% in the last month. The company shares reached their 1-month lowest point of $7.26 on 02/10/23. With the stock rallying to its 52-week high on 01/12/23, shares of the company touched a low of $6.31 and a high of $14.59 in 52 weeks. It has reached a new high 5 times so far this year and lost -12.35% or -$1.03 in price. In spite of this, the price is down -49.90% from the 52-week high.

Valuation Metrics

First Majestic Silver Corp. (AG) has a trailing price-to-earnings (P/E) ratio of 3655.00. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.93, the price-to-book (PB) ratio at 1.43.

Financial Health

Its gross profit as reported stood at $218.03 million compared to revenue of $584.12 million.

Earnings Surprise

For the three-month period that ended September 29, First Majestic Silver Corp. had $4.68 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$40.47 million in the quarter, while revenues were shrunk -404.47%. The analyst consensus anticipated First Majestic Silver Corp.’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be -$0.09, a -200.00% surprise. For the quarter, EBITDA amounted to $20.85 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at First Majestic Silver Corp. (AG) price momentum. RSI 9-day as of the close on 10 February was 24.69%, suggesting the stock is oversold, with historical volatility in this time frame at 28.79%.

As of today, AG’s price is $7.50 -4.82% or -$0.37 from its 5-day moving average. AG is currently trading -17.40% lower than its 20-day SMA and -7.35% lower than its 100-day SMA. However, the stock’s current price level is -19.14% below the SMA50 and -31.10% below the SMA200.

The stochastic %K and %D were 4.47% and 6.11%, respectively, and the average true range (ATR) was 0.31. With the 14-day stochastic at 4.35% and the average true range at 0.33, the RSI (14) stands at 31.12%. The stock has reached -0.28 on the 9-day MACD Oscillator while the 14-day reading was at -0.42.

Analyst Ratings

TD Securities upgraded First Majestic Silver Corp. (NYSE: AG) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for First Majestic Silver Corp. (AG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AG, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.

What is AG’s price target for the next 12 months?

Analysts predict a range of price targets between $6.69 and $12.00, with a median target of $8.97. Taking a look at these predictions, the average price target given by analysts for First Majestic Silver Corp. (AG) stock is $9.41.

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