First Majestic Silver Corp. (AG) Is A Stock You Should Watch

As of Wednesday close, First Majestic Silver Corp.’s (NYSE:AG) stock was down -$0.18, moving down -2.94 percent to $5.95. The average number of shares traded per day over the past five days has been 3,545,080 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.33 fall in that time frame. In the last twenty days, the average volume was 4,959,535, while in the previous 50 days, it was 6,830,816.

Since last month, AG stock retreated -15.60%. Shares of the company fell to $5.94 on 05/24/23, the lowest level in the past month. A 52-week high of $9.81 was reached on 01/12/23 after having rallying from a 52-week low of $5.53. Since the beginning of this year, AG’s stock price has dropped by -28.66% or -$2.39, and marked a new high 5 times. However, the stock has declined by -39.35% since its 52-week high.

Valuation Metrics

The latest dividend of $0.0060 per share was paid out, which is 20.0% more than last year’s $0.0050. On Thursday May 4 2023, a $0.0010 dividend increase was announced.

Financial Health

Based on annual data, AG earned $152.53 million in gross profit and brought in $624.22 million in revenue.

In First Majestic Silver Corp.’s quarter-end financial report for March 30, it reported total debt of $4.68 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AG’s revenue rose 100.0% during the quarter, while net income inched up to $363.94 million. While analysts expected First Majestic Silver Corp. to report -$0.01 quarterly earnings, the actual figure was $0 per share. During the quarter, the company generated -$109.41 million in EBITDA. The liabilities of First Majestic Silver Corp. were 653.0 million at the end of its most recent quarter ended March 30, and its total debt was $255.11 million.

Technical Picture

This quick technical analysis looks at First Majestic Silver Corp.’s (AG) price momentum. With a historical volatility rate of 22.36%, the RSI 9-day stood at 19.41% on 24 May.

With respect to its five-day moving average, the current First Majestic Silver Corp. price is down by -5.25% percent or -$0.33. At present, AG shares trade -15.12% below its 20-day simple moving average and -29.50% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.88% below its SMA50 and -29.33% below its SMA200.

Stochastic coefficient K was 6.46% and Stochastic coefficient D was 9.93%, while ATR was 0.22. Given the Stochastic reading of 0.97% for the 14-day period, the RSI (14) reading has been calculated as 26.99%. As of today, the MACD Oscillator reading stands at -0.14, while the 14-day reading stands at -0.32.

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