Vizsla Silver Corp. (AMEX: VZLA) stock fell -9.55% on Wednesday to $1.04 against a previous-day closing price of $1.15. With 0.32 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.13 million shares. During the session, the Other Industrial Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $1.1500 whereas the lowest price it dropped to was $1.0300. The 52-week range on VZLA shows that it touched its highest point at $2.70 and its lowest point at $0.91 during that stretch. Beta for the stock currently stands at 2.23.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VZLA was down-trending over the past week, with a drop of -4.58%, but this was down by -10.34% over a month. Three-month performance dropped to -12.96% while six-month performance fell -25.17%. The stock lost -60.32% in the past year, while it has lost -56.30% so far this year. A look at the trailing 12-month EPS for VZLA yields -0.09 with Next year EPS estimates of -0.04.
Float and Shares Shorts:
At present, 154.88 million VZLA shares are outstanding with a float of 137.22 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.36 million, which was 0.23% higher than short shares on Sep 14, 2022. In addition to Mr. Michael A. Konnert as the firm’s Pres, CEO & Director, Mr. Mahesh Nalinda Liyanage C.A., CPA, CA, CPA serves as its Chief Financial Officer.
Through their ownership of 19.26% of VZLA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of VZLA, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 3.58% stake in VZLA, the Franklin Gold & Precious Metals F is the largest stakeholder. A total of 5,550,000 shares are owned by the mutual fund manager. The Global X Silver Miners ETF, which owns about 2.47% of VZLA stock, is the second-largest Mutual Fund holder. It holds 3,818,905 shares valued at 4.43 million. Commodity Capital – Global Mining holds 1.38% of the stake in VZLA, owning 2,143,200 shares worth 2.49 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VZLA since 6 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With VZLA analysts setting a high price target of $3.00 and a low target of $2.00, the average target price over the next 12 months is $2.36. Based on these targets, VZLA could surge 188.46% to reach the target high and rise by 92.31% to reach the target low. Reaching the average price target will result in a growth of 126.92% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. VZLA will report FY 2023 earnings on 06/28/2023. Analysts have provided yearly estimates in a range of -$0.04 being high and -$0.08 being low. For VZLA, this leads to a yearly average estimate of -$0.07. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Vizsla Silver Corp. surprised analysts by -$0.00 when it reported -$0.01 EPS against a consensus estimate of -$0.01. The surprise factor in the prior quarter was $0.00. Based on analyst estimates, the high estimate for the next quarter is -$0.01 and the low estimate is -$0.02. The average estimate for the next quarter is thus -$0.01.