The stock of Americas Gold and Silver Corporation (NYSE:USAS) is now priced at $2.93 and the shares are -0.16 points down or -5.18% lower compared to its previous closing price of $3.09. The stock had 2.019 million contracts set over the past session. USAS shares’ daily volume is compared to its average trading volume at 1.467 million shares. However, it has a float of 84.4 million and although its performance was -4.25% over the week, it’s one to watch. Analysts have given the USAS stock a yearly average price target of $5.33 per share. It means the stock’s upside potential is 81.91% with the USAS share price recently placing at $2.9 to $3.09. However, some brokerage firms have priced the stock below the average, including one that has called $4.21.
The shorts are running away from the Americas Gold and Silver Corporation stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the USAS shares have declined. Short interest in the stock represents just 3.17% of its float, but the volume has dropped by 0.
In the last trading session, Americas Gold and Silver Corporation (NYSE:USAS) dropped by -$0.13 over the week and lost -$0.61 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $3.9. The stock recorded its established 52-week high on 08/05/20.
Since 03/16/20, the stock has traded to a low of $1 at 193%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.
Looking at current readings, Americas Gold and Silver Corporation’s two-week RSI is 43.88. This suggests that the stock is neutral at the moment and that USAS shares’ price movement remains stable. The stochastic readings are equally revealing at 9.82% meaning the USAS share price is currently in overbought territory.
The technical chart shows that the USAS stock will likely settle at between $3.05 and $3.16 per share. However, if the stock dips below $2.86, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $2.78.
Currently, the stock is trading in the red of MACD, with a reading of -0.14. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
The average rating for the USAS equity is 2 and is currently gathering a bullish momentum. Of 3 analysts tracking Americas Gold and Silver Corporation polled by Reuters, 0 rated USAS as a hold. The remaining 3 analysts were split evenly. However, the split wasn’t equal as a majority (3) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the USAS stock price is 9.77X ahead of its 12-month Consensus earnings per share estimates.