Better Times Ahead For Silvercorp Metals Inc (AMEX: SVM)?

Silvercorp Metals Inc (SVM) concluded trading on Wednesday at a closing price of $3.75, with 4.62 million shares of worth about $17.33 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.85% during that period and on Wednesday the price saw a gain of about 3.02%. Currently the company’s common shares owned by public are about 217.42M shares, out of which, 209.15M shares are available for trading.

Stock saw a price change of 2.18% in past 5 days and over the past one month there was a price change of 25.42%. Year-to-date (YTD), SVM shares are showing a performance of 25.00% which increased to 53.06% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.35 but also hit the highest price of $5.32 during that period. The average intraday trading volume for Silvercorp Metals Inc shares is 4.34 million. The stock is currently trading 9.33% above its 20-day simple moving average (SMA20), while that difference is up 17.19% for SMA50 and it goes to 1.37% higher than SMA200.

Silvercorp Metals Inc (AMEX: SVM) currently have 217.42M outstanding shares and institutions hold larger chunk of about 36.37% of that.

The stock has a current market capitalization of $815.32M and its 3Y-monthly beta is at 1.00. PE ratio of stock for trailing 12 months is 10.50, while it has posted earnings per share of $0.36 in the same period. It has Quick Ratio of 4.35 while making debt-to-equity ratio of 0.15. 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 4.35% while standing at 4.86% over the month.

Stock’s fiscal year EPS is expected to rise by 81.75% while it is estimated to increase by 18.26% in next year.

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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