Following The Money: Institution’s Growing Stake In Silvercorp Metals Inc (AMEX: SVM)

Silvercorp Metals Inc (SVM) concluded trading on Wednesday at a closing price of $3.05, with 3.47 million shares of worth about $10.59 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.00% during that period and on March 20, 2024 the price saw a gain of about 11.72%. Currently the company’s common shares owned by public are about 176.77M shares, out of which, 169.33M shares are available for trading.

However, the stock later moved at a day high price of 2.8500, or with a gain of 11.72%. Stock saw a price change of 7.02% in past 5 days and over the past one month there was a price change of 27.08%. Year-to-date (YTD), SVM shares are showing a performance of 15.97% which decreased to -12.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.08 but also hit the highest price of $4.20 during that period. The average intraday trading volume for Silvercorp Metals Inc shares is 1.40 million. The stock is currently trading 16.55% above its 20-day simple moving average (SMA20), while that difference is up 23.50% for SMA50 and it goes to 17.90% higher than SMA200.

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Silvercorp Metals Inc (AMEX: SVM) currently have 176.77M outstanding shares and institutions hold larger chunk of about 31.56% of that.

The stock has a current market capitalization of $541.01M and its 3Y-monthly beta is at 1.17. PE ratio of stock for trailing 12 months is 17.67, while it has posted earnings per share of $0.17 in the same period. Its PEG reads 3.53 and has Quick Ratio of 3.53 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SVM, volatility over the week remained 6.24% while standing at 4.54% over the month.

Stock’s fiscal year EPS is expected to rise by 81.22% while it is estimated to increase by 6.89% in next year. EPS is likely to grow at an annualized rate of 5.00% for next 5-years, compared to annual growth of -16.09% made by the stock over the past 5-years.

On March 11, 2020, Alliance Global Partners Upgrade their recommendations, while on November 12, 2019, Alliance Global Partners Downgrade their ratings for the stock with a price target of $4.35. Stock get a Market perform rating from BMO Capital Markets on September 11, 2019.

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