It’s Not A Fantasy To Think That Fortuna Silver Mines Inc. (FSM) Has Big Future Potential

Fortuna Silver Mines Inc. (NYSE:FSM) currently has a daily average trading volume of 5.88M but it saw 3883536 shares traded in last market. With a market cap of 1.38B USD, the company’s current market price of $4.51 came falling about -1.31 while comparing to the previous closing price of $4.57. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.94 and as low as $2.58.

Taking a look at 20-day trading activity of Fortuna Silver Mines Inc. (FSM) gives us an average price of $4.23, while its current price level is -8.70% below from 52-week high level whereas it is 74.81% 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 $3.50 while that of 200 days or SMA-200 reads an average of $3.32. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.66% during that period while stretching the period over a month that increases to 5.71%. 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 66.29 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Scotiabank which resumed the stock as “Sector Perform” in its note to investors issued on May 30, 2023, recommending a price target of $4.25 for it.

Over the week, FSM’s stock price is moving -5.45% down while it is 37.50% when we observe its performance for the past one month. Year-to-date it is 16.84% up and over the past year, the stock is showing an upside performance of 16.54%.

Currently, Fortuna Silver Mines Inc.’s total number of outstanding shares is 306.59M. Company’s return on investment (ROI) stands at -3.52% and return on equity (ROE) at -4.09%. It has a 13.08 of forward P/E ratio. Stock’s beta reads 1.56. Stock has a price to book (P/B) ratio of 1.12 while price to sale or P/S ratio amounts to 1.64. Its return on asset (ROA) is -2.64% on average.