How Should Investors View First Majestic Silver Corp. (AG) Insider Trading?

As of Thursday close, First Majestic Silver Corp.’s (NYSE:AG) stock was down -$0.37, moving down -5.50 percent to $6.36. The average number of shares traded per day over the past five days has been 5,592,060 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.61 fall in that time frame. In the last twenty days, the average volume was 5,941,300, while in the previous 50 days, it was 7,498,364.

Since last month, AG stock retreated -16.86%. Shares of the company fell to $6.34 on 05/11/23, the lowest level in the past month. A 52-week high of $9.81 was reached on 01/12/23 after having rallying from a 52-week low of $5.53. Since the beginning of this year, AG’s stock price has dropped by -23.74% or -$1.98, and marked a new high 5 times. However, the stock has declined by -35.17% since its 52-week high.

Valuation Metrics

The latest dividend of $0.0060 per share was paid out, which is 20.0% more than last year’s $0.0050. On Thursday May 4 2023, a $0.0010 dividend increase was announced.

Financial Health

Based on annual data, AG earned $152.53 million in gross profit and brought in $624.22 million in revenue.

In First Majestic Silver Corp.’s quarter-end financial report for March 30, it reported total debt of $4.68 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AG’s revenue rose 100.0% during the quarter, while net income inched up to $363.94 million. While analysts expected First Majestic Silver Corp. to report -$0.01 quarterly earnings, the actual figure was $0 per share. During the quarter, the company generated -$109.41 million in EBITDA. The liabilities of First Majestic Silver Corp. were 653.0 million at the end of its most recent quarter ended March 30.

Technical Picture

This quick technical analysis looks at First Majestic Silver Corp.’s (AG) price momentum. With a historical volatility rate of 31.73%, the RSI 9-day stood at 21.76% on 11 May.

With respect to its five-day moving average, the current First Majestic Silver Corp. price is down by -8.75% percent or -$0.61. At present, AG shares trade -18.46% below its 20-day simple moving average and -25.00% percent below its 100-day simple moving average. However, the stock is currently trading approximately +1.11% above its SMA50 and -4.79% below its SMA200.

Stochastic coefficient K was 22.94% and Stochastic coefficient D was 32.65%, while ATR was 0.29. Given the Stochastic reading of 2.67% for the 14-day period, the RSI (14) reading has been calculated as 31.73%. As of today, the MACD Oscillator reading stands at -0.20, while the 14-day reading stands at -0.28.

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