The Week Ahead: Are Investors Really Too Optimistic About Avino Silver & Gold Mines Ltd. (AMEX: ASM)

Avino Silver & Gold Mines Ltd. (AMEX:ASM) currently has a daily average trading volume of 691.06K but it saw 1312588 shares traded in last market. With a market cap of 103.57M USD, the company’s current market price of $0.79 came rising about 0.88 while comparing to the previous closing price of $0.78. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.01 and as low as $0.40.

Taking a look at 20-day trading activity of Avino Silver & Gold Mines Ltd. (ASM) gives us an average price of $0.6748, while its current price level is -21.84% below from 52-week high level whereas it is 97.35% 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 $0.5572 while that of 200 days or SMA-200 reads an average of $0.5616. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.32% during that period while stretching the period over a month that decreases to 8.20%. 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 71.51 which implies that the stock is in overbought territory.

Rodman & Renshaw issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $3.50 and $4.

Over the week, ASM’s stock price is moving 3.39% up while it is 45.91% when we observe its performance for the past one month. Year-to-date it is 50.65% up and over the past year, the stock is showing a downside performance of -18.03%.

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 beaten by the consensus estimate of $0.01 for the same. In next quarter, company is expected to be making quarterly sales of $13.75 million as analysts are expecting the sales for current fiscal year at $60.55 million and seeing the company making $71.25 million in sales next year. Moreover, analysts are in estimates of $13.08 million for current-quarter revenue.

Currently, Avino Silver & Gold Mines Ltd.’s total number of outstanding shares is 131.20M with 0.88% of that held by the insiders while 7.78% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 0.50% and return on equity (ROE) at 0.53%. It has a price to earnings ratio (P/E ratio) of 192.54 while having a 9.29 of forward P/E ratio. Stock’s beta reads 2.05. Stock has a price to book (P/B) ratio of 0.85 while price to sale or P/S ratio amounts to 2.40. Its return on asset (ROA) is 0.43% on average.