- AG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $95.0 million.
- AG has traded 1.2 million shares today.
- AG is trading at 2.70 times the normal volume for the stock at this time of day.
- AG is trading at a new low 8.04% below yesterday's close.
'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize (or avoid losses by trimming weak positions). In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success. EXCLUSIVE OFFER: Get the inside scoop on opportunities in AG with the Ticky from Trade-Ideas. See the FREE profile for AG NOW at Trade-Ideas More details on AG: First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver projects in Mexico. Currently there are 2 analysts that rate First Majestic Silver a buy, 1 analyst rates it a sell, and 4 rate it a hold. The average volume for First Majestic Silver has been 6.0 million shares per day over the past 30 days. First Majestic has a market cap of $2.6 billion and is part of the basic materials sector and metals & mining industry. Shares are up 409.8% year-to-date as of the close of trading on Tuesday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. TheStreetRatings.com Analysis: TheStreet Quant Ratings rates First Majestic Silver as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Highlights from the ratings report include:
- The revenue growth greatly exceeded the industry average of 45.3%. Since the same quarter one year prior, revenues rose by 21.9%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- AG's debt-to-equity ratio is very low at 0.12 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, AG has a quick ratio of 1.59, which demonstrates the ability of the company to cover short-term liquidity needs.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Metals & Mining industry. The net income has significantly decreased by 572.7% when compared to the same quarter one year ago, falling from -$1.11 million to -$7.43 million.
- Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. Compared to other companies in the Metals & Mining industry and the overall market, FIRST MAJESTIC SILVER CORP's return on equity significantly trails that of both the industry average and the S&P 500.
- You can view the full First Majestic Silver Ratings Report.
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