Should Investors Trust The Upside Potential In SilverCrest Metals Inc (SILV)?

money audit

SilverCrest Metals Inc (AMEX:SILV) currently has a daily average trading volume of 2.12M but it saw 3762019 shares traded in last market. With a market cap of 1.92B USD, the company’s current market price of $9.30 came falling about -3.73 while comparing to the previous closing price of $9.66. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.91 and as low as $4.79. In the recent trading on the day, stock has struck highest price mark of $8.75 while lowest mark touched by it was $9.45.

Taking a look at 20-day trading activity of SilverCrest Metals Inc (SILV) gives us an average price of $10.50, while its current price level is -21.89% below from 52-week high level whereas it is 94.04% 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 $9.60 while that of 200 days or SMA-200 reads an average of $8.11. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.54% during that period while stretching the period over a month that decreases to 4.47%. 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 38.42 which implies that the stock is in neutral territory.

Over the week, SILV’s stock price is moving -13.73% down while it is -4.71% when we observe its performance for the past one month. Year-to-date it is 41.98% up and over the past year, the stock is showing an upside performance of 84.89%.

Currently, SilverCrest Metals Inc’s total number of outstanding shares is 146.94M. Company’s return on investment (ROI) stands at 23.41% and return on equity (ROE) at 26.79%. It has a price to earnings ratio (P/E ratio) of 12.94 while having a 15.63 of forward P/E ratio. Stock’s beta reads 1.21. Stock has a price to book (P/B) ratio of 3.05 while price to sale or P/S ratio amounts to 7.33. Its return on asset (ROA) is 24.32% on average.