Predicting Future Price Moves In Vizsla Silver Corp (VZLA)

Vizsla Silver Corp (AMEX:VZLA) does about 1.10M shares in volume on a normal day but saw 1556360 shares change hands in Friday’s trading. The company now has a market cap of 377.65M USD. Its current market price is $1.62, marking a decrease of -4.71% compared to the previous close of $1.70. The 52 week high reached by this stock is $1.92 whilst the lowest price level in 52 weeks is $0.94.

Vizsla Silver Corp (VZLA) has a 20-day trading average at $1.7055 and the current price is -15.62% off the 52-week high compared with 73.26% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.5230 and its 200-day simple moving average is $1.2533. If we look at the stock’s price movements over the week, volatility stands at 4.92%, which increases to 6.11% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 48.25 to suggest the stock is neutral.

The consensus objective for the share price is $2.85, suggesting that the stock has a potential upside of 43.16% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 17, 2023 when Alliance Global Partners initiated the stock to “Buy” and issued a price target of $3.25.

Vizsla Silver Corp (VZLA) stock is down -11.48% over the week and 14.89% over the past month. Its price is 29.60% year-to-date and 30.65% over the past year.

To reach the target analysts have set, the stock logically needs to grow 43.16 percent from here.

The company has a return on investment of -7.70% and return on equity of -8.56%. The beta has a value of 2.20. Price to book ratio is 1.97.