Silvergate Capital Corporation (NYSE:SI) shares traded lower over the last trading session, losing -4.06% on 05/21/21. The shares fell to a low of $104.6301 before closing at $105.20. Intraday shares traded counted 1.95 million, which was -16.75% lower than its 30-day average trading volume of 1.67M. SI’s previous close was $109.65 while the outstanding shares total 22.50M. The firm has a 12-month trailing P/E ratio of 62.66. The stock’s Relative Strength Index (RSI) is 48.41, with weekly volatility at 12.75% and ATR at 11.83. The SI stock’s 52-week price range has touched low of $12.05 and a $187.86 high.
Investors have identified the Banks – Regional company Silvergate Capital Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.78 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Silvergate Capital Corporation (SI) Fundamentals that are to be considered.
SI were able to record -20.09 million as free cash flow during the 08/02/2021 quarter of the year, this saw their quarterly net cash flow reduce by 1.37 billion. In cash movements, the company had a total of -20.06 million as operating cash flow.
Potential earnings growth for Silvergate Capital Corporation (SI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/02/2021 quarter of the year, Silvergate Capital Corporation recorded a total of 23.31 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 13.92% coming in sequential stages and their sales for the 08/02/2021 quarter increasing by 4.71%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 0.29 million trying to sell their products during the last quarter, with the result yielding a gross income of 23.02 million. This allows shareholders to hold on to 22.50M with the recently reported earning now reading 0.56 cents per share. This is a figure that compared to analyst’s prediction for their 08/02/2021 (0.55 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.00 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SI sounds very interesting.
Is the stock of SI attractive?
In related news, Director, Brassfield Karen F. sold 10,000 shares of the company’s stock in a transaction that recorded on May 17. The sale was performed at an average price of 88.53, for a total value of 885,271. As the sale deal closes, the Director, Reed Scott A. now sold 25,000 shares of the company’s stock, valued at 3,456,505. Also, Director, FRANK DENNIS S sold 25,000 shares of the company’s stock in a deal that was recorded on Mar 12. The shares were price at an average price of 139.18 per share, with a total market value of 3,479,441. Following this completion of acquisition, the Executive Vice President, Eisele Derek J. now holds 17,783 shares of the company’s stock, valued at 2,273,720. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.50%.
5 out of 6 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Silvergate Capital Corporation. 0 analysts has assigned a Sell rating on the SI stock. The 12-month mean consensus price target for the company’s shares has been set at $160.00.