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

First Majestic Silver Corporation (NYSE:AG) currently has a daily average trading volume of 10.96M but it saw 17009636 shares traded in last market. With a market cap of 1.68B USD, the company’s current market price of $5.56 came falling about -1.42 while comparing to the previous closing price of $5.64. 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 $5.55 while lowest mark touched by it was $5.78.

Taking a look at 20-day trading activity of First Majestic Silver Corporation (AG) gives us an average price of $5.66, while its current price level is -34.12% below from 52-week high level whereas it is 33.33% 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 $6.08 while that of 200 days or SMA-200 reads an average of $6.36. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.61% during that period while stretching the period over a month that decreases to 4.51%. 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 43.25 which implies that the stock is in neutral territory.

Over the week, AG’s stock price is moving -5.44% down while it is -7.79% when we observe its performance for the past one month. Year-to-date it is 1.28% up and over the past year, the stock is showing an upside performance of 10.32%.

The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of 0.04 while estimate for next year EPS is -0.13. Moreover, analysts are in estimates of $226.21M for current-quarter revenue.

Currently, First Majestic Silver Corporation’s total number of outstanding shares is 301.72M with 1.43% of that held by the insiders while 39.41% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -4.90% and return on equity (ROE) at -5.75%. It has a 19.10 of forward P/E ratio. Stock’s beta reads 1.24. Stock has a price to book (P/B) ratio of 1.22 while price to sale or P/S ratio amounts to 3.20. Its return on asset (ROA) is -3.98% on average.