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

First Majestic Silver Corporation (NYSE:AG) currently has a daily average trading volume of 6.34M but it saw 4973938 shares traded in last market. With a market cap of 1.49B USD, the company’s current market price of $4.93 came rising about 2.28 while comparing to the previous closing price of $4.82. 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. In the recent trading on the day, stock has struck highest price mark of $4.82 while lowest mark touched by it was $5.03.

Taking a look at 20-day trading activity of First Majestic Silver Corporation (AG) gives us an average price of $5.84, while its current price level is -41.59% below from 52-week high level whereas it is 18.23% 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 $6.16 while that of 200 days or SMA-200 reads an average of $5.89. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.88% during that period while stretching the period over a month that decreases to 5.65%. 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 32.90 which implies that the stock is in neutral territory.

Over the week, AG’s stock price is moving -7.85% down while it is -24.39% when we observe its performance for the past one month. Year-to-date it is -19.84% down and over the past year, the stock is showing a downside performance of -17.83%.

Currently, First Majestic Silver Corporation’s total number of outstanding shares is 301.61M. Company’s return on investment (ROI) stands at -4.89% and return on equity (ROE) at -5.73%. It has a 26.18 of forward P/E ratio. Stock’s beta reads 1.41. Stock has a price to book (P/B) ratio of 1.07 while price to sale or P/S ratio amounts to 2.90. Its return on asset (ROA) is -3.94% on average.