First Majestic Silver Corporation (NYSE: AG): Retirees Don’t Worry About Volatility

First Majestic Silver Corporation (NYSE:AG) currently has a daily average trading volume of 7.34M but it saw 8947926 shares traded in last market. With a market cap of 1.56B USD, the company’s current market price of $5.43 came falling about -2.69 while comparing to the previous closing price of $5.58. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.07 and as low as $4.17.

Taking a look at 20-day trading activity of First Majestic Silver Corporation (AG) gives us an average price of $5.11, while its current price level is -32.71% below from 52-week high level whereas it is 30.22% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.89 while that of 200 days or SMA-200 reads an average of $5.50. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.67% during that period while stretching the period over a month that decreases to 4.97%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 57.57 which implies that the stock is in neutral territory.

Over the week, AG’s stock price is moving 0.56% up while it is 22.02% when we observe its performance for the past one month. Year-to-date it is -11.71% down and over the past year, the stock is showing a downside performance of -5.73%.

The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of -$0.03 beat the consensus estimate of -$0.04 for the same. For AG, analysts are forecasting an EPS-growth rate of 12.50% for current year and estimate for EPS growth in next year is 357.10%. In next quarter, company is expected to be making quarterly sales of $116 million as analysts are expecting the sales for current fiscal year at $470.64 million and seeing the company making $467.95 million in sales next year. Moreover, analysts are in estimates of $115 million for current-quarter revenue.

Currently, First Majestic Silver Corporation’s total number of outstanding shares is 287.15M with 2.22% of that held by the insiders while 35.95% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -8.46% and return on equity (ROE) at -9.76%. It has a 31.94 of forward P/E ratio. Stock’s beta reads 1.41. Stock has a price to book (P/B) ratio of 1.15 while price to sale or P/S ratio amounts to 2.72. Its return on asset (ROA) is -6.61% on average.