A Look At Insider Reactions To Fortuna Silver Mines Inc. (FSM)

As of Thursday close, Fortuna Silver Mines Inc.’s (NYSE:FSM) stock was down -$0.11, moving down -3.44 percent to $3.09. The average number of shares traded per day over the past five days has been 1,942,280 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.03 fall in that time frame. In the last twenty days, the average volume was 2,492,330, while in the previous 50 days, it was 2,733,316.

Since last month, FSM stock retreated -12.22%. Shares of the company fell to $3.05 on 06/22/23, the lowest level in the past month. A 52-week high of $4.20 was reached on 04/13/23 after having rallying from a 52-week low of $2.05. Since the beginning of this year, FSM’s stock price has dropped by -17.60% or -$0.66, and marked a new high 5 times. However, the stock has declined by -26.43% since its 52-week high.

Valuation Metrics

The stock’s beta is 1.31. Besides these, the trailing price-to-sales (P/S) ratio of 1.33, the price-to-book (PB) ratio of 0.72.

Financial Health

Based on annual data, FSM earned -$113.55 million in gross profit and brought in $681.49 million in revenue.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FSM’s revenue fell -2.38% during the quarter, while net income inched up to $257.19 million. While analysts expected Fortuna Silver Mines Inc. to report $0.01 quarterly earnings, the actual figure was $0.05 per share. During the quarter, the company generated $68.1 million in EBITDA. The liabilities of Fortuna Silver Mines Inc. were 645.84 million at the end of its most recent quarter ended March 30, and its total debt was $296.0 million.

Technical Picture

This quick technical analysis looks at Fortuna Silver Mines Inc.’s (FSM) price momentum. With a historical volatility rate of 34.39%, the RSI 9-day stood at 36.70% on 06 July.

With respect to its five-day moving average, the current Fortuna Silver Mines Inc. price is down by -0.96% percent or -$0.03. At present, FSM shares trade -12.96% below its 20-day simple moving average and -12.22% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.94% below its SMA50 and +31.49% above its SMA200.

Stochastic coefficient K was 32.60% and Stochastic coefficient D was 40.59%, while ATR was 0.11. Given the Stochastic reading of 12.31% for the 14-day period, the RSI (14) reading has been calculated as 38.02%. As of today, the MACD Oscillator reading stands at 0.03, while the 14-day reading stands at 0.02.

Analyst Ratings

Fortuna Silver Mines Inc. (FSM) has been rated Hold by analysts. According to 0 brokerage firms, FSM is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Fortuna Silver Mines Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $4.42, the current consensus forecast for the stock is $3.73 – $5.38. Based on these forecasts, analysts predict Fortuna Silver Mines Inc. (FSM) will achieve an average price target of $4.53.

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