First Majestic Silver Corporation (NYSE: AG) – Time For Strategy Change?

First Majestic Silver Corporation (NYSE:AG) currently has a daily average trading volume of 6.14M but it saw 16471772 shares traded in last market. With a market cap of 1.56B USD, the company’s current market price of $5.35 came falling about -13.43 while comparing to the previous closing price of $6.18. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.44 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 $6.23, while its current price level is -36.61% below from 52-week high level whereas it is 28.30% 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 $6.40 while that of 200 days or SMA-200 reads an average of $5.90. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.38% during that period while stretching the period over a month that decreases to 4.86%. 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 33.65 which implies that the stock is in neutral territory.

Over the week, AG’s stock price is moving -8.55% down while it is -8.55% when we observe its performance for the past one month. Year-to-date it is -13.01% down and over the past year, the stock is showing a downside performance of -16.41%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.02 beat the consensus estimate of -0.03 for the same. In next quarter, company is expected to be making quarterly sales of $128M as analysts are expecting the sales for current fiscal year at $513.79M and seeing the company making $635.62M in sales next year. Moreover, analysts are in estimates of $123M 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 37.85% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -3.04% and return on equity (ROE) at -3.60%. It has a 29.90 of forward P/E ratio. Stock’s beta reads 1.32. Stock has a price to book (P/B) ratio of 1.15 while price to sale or P/S ratio amounts to 2.98. Its return on asset (ROA) is -2.44% on average.