MAG’s Stock Market Expedition: Traversing Gains and Losses in 2023

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Until today this year the stock’s price performance recorded a decrease of -10.49%. However, over the last six months, the performance has been weaker by 8.53%. The price of MAG increased 20.09% over the last 30 days. And in the last five days, it has surged by 3.25%.

MAG Silver Corp. (MAG) stock is currently valued at $13.99. During the last session, the stock experienced a remarkable rise, reaching $14.00 after opening at $13.88. The stock briefly dropped to $13.63 before ultimately closing at $13.63.

The market performance of MAG Silver Corp.’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $18.47 on 04/18/22, while the lowest value for the same duration was $10.32 on 07/14/22.

52-week price history of MAG Stock

Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. MAG Silver Corp.’s current trading price is -24.26% away from its 52-week high, while its distance from the 52-week low is 35.56%. The stock’s price range during this time has been between $10.32 and $18.47. The trading volume for the Basic Materials sector company’s shares reached about 0.73 million for the day, which was higher than the average daily volume of 0.66 million over the last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

MAG Silver Corp. (MAG) has experienced a quarterly decline of -16.23% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.39B and boasts a workforce of 11 employees.

MAG Silver Corp.: Analysts’ Ratings Unveiled

As of right now, 7 analysts are rating MAG Silver Corp. as a BUY, 1 of the polled analysts branded the stock as an OVERWEIGHT, 3 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 14.10, with a change in price of -1.44. Similarly, MAG Silver Corp. recorded 563,603 in trading volume during the last 100 days, posting a change of -9.33%.

MAG’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for MAG stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.

MAG Stock Stochastic Average

Today, MAG Silver Corp.’s raw stochastic average for the past 50 days stands at 89.63%, indicating a decline from the raw stochastic average of the last 20 days, which was 99.59%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 92.03% and 93.13% respectively.

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