The stock of Avino Silver & Gold Mines Ltd. (NYSE:ASM) is now priced at $1.18 and the shares are -0.02 points down or -1.67% lower compared to its previous closing price of $1.2. The stock had 1.616 million contracts set over the past session. ASM shares’ daily volume is compared to its average trading volume at 2.261 million shares. However, it has a float of 84.23 million and although its performance was 5.36% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the ASM share price recently placing at $1.17 to $1.23.
The shorts are running away from the Avino Silver & Gold Mines Ltd. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the ASM shares have declined. Short interest in the stock represents just 1.21% of its float, but the volume has dropped by 0.
In the last trading session, Avino Silver & Gold Mines Ltd. (NYSE:ASM) raised by $0.06 over the week and gained $0.13 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $1.49. The stock recorded its established 52-week high on 08/06/20.
Since 03/16/20, the stock has traded to a low of $0.2551 at 362.56%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.35. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Avino Silver & Gold Mines Ltd.’s two-week RSI is 53.16. This suggests that the stock is neutral at the moment and that ASM shares’ price movement remains stable. The stochastic readings are equally revealing at 48.21% meaning the ASM share price is currently in neutral territory.
The technical chart shows that the ASM stock will likely settle at between $1.2167 and $1.2533 per share. However, if the stock dips below $1.1567, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $1.1333.
Currently, the stock is trading in the green of MACD, with a reading of 0.0111. 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.
Analysts at Noble Capital Markets cut their recommendation for ASM from Outperform to Market Perform in September 13 review. H.C. Wainwright analysts see the stock as a Buy, but they also dropped the share’s target price from $4 to $3.25 in a flash note released to investors on February 14. Rodman & Renshaw analysts see the stock as Buy. Nonetheless, the analysts revised the share prices up on January 24, placing it at $4 from $3.50.
The average rating for the ASM equity is 2 and is currently gathering a bullish momentum. Of 4 analysts tracking Avino Silver & Gold Mines Ltd. polled by Reuters, 0 rated ASM as a hold. The remaining 4 analysts were split evenly. However, the split wasn’t equal as a majority (4) 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 ASM stock price is 9.29X ahead of its 12-month Consensus earnings per share estimates.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Avino Silver & Gold Mines Ltd. (NYSE:ASM) will decrease by about -99.85%, which will see them reach $8.73 million. The company’s full-year revenues are, however, expected to diminish by about -9.04%, down from $31.4 million to $28.56 million. ASM’s expected adjusted earnings should surge almost 0% to end up at $0.02 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -25% to record $0.03/share.