Analysts see the First Majestic Silver Corp. (AG) stock as better bet to trade as they suggested $9.54 price target for the stock above to current $8.07 share price. Investors could set buy and sell price points around target prices to maximize returns. The ideal time to sell a stock is usually when it is trading higher than its target price range or during overheated markets. The ideal time to buy a stock is usually when it is trading at a substantial discount to its target price. This discount could be the result of weak market conditions or overreaction to recent company setbacks.
With above potential target price move of 18.22% comparing to current price, stock can be highly risky or profitable so need to be careful here. Analysts have set a Buy rating on stock with 2.3 mean recommendation. However, few traders solely rely on analysts’ opinion to trade instead of careful review on stock. Analysts’ opinion on stock can be helpful to initiate simple analysis.
Technical Indicators and Volatility: First Majestic Silver Corp. stock is trading in normal condition area as its RSI value is 57.1. Where Relative Strength Index helps to understand the price condition of the stock. RSI value is based on last 14-days performance.
Some Investors also rely on moving averages to the price trend for longer time periods. The stock is trading 12.45% from SMA of 20 days and standing 10.79% away from SMA of 50 days while moved -15.84% away from SMA of 200 days.
First Majestic Silver Corp. (AG) stock changed -6.49% to $8.07 on Thursday. The stock registered daily trading volume of 5557403 shares vs to average volume size of 5.67M shares. AG maintained activity of relative volume at 0.98.
When seeing the longer performance trend, First Majestic Silver Corp. stock managed to keep 5.77% return for the weekly session and noted performance of 30.37% for monthly period. The stock is showing a move of -34.18% so far this year and uncovered flow of 35.18% in last one year.
The shares price demonstrated -19.30% return for quarterly session while it has presented performance of -21.73% over the past six months. The stock revealed 93.53% change to a low over the previous 12 months and revealed move of -36.41% to a high over the same period.
Analysts usually set price target on assumptions about the company’s fundamentals as well. The Company has EPS of $-0.2.
The Company earnings annual growth is -31.03% in past 5 years decade and projected to reach 46.80% for next 5 years. Its sales growth for quarter over quarter is 30.10%. Looking a yearly overview, the company earnings growth is noted at -100.00% for this year .