This Silvergate Capital Analyst Expects Stock To Crash Further: Here's New Price Target
This Silvergate Capital Analyst Expects Stock To Crash Further: Here's New Price Target
Shares of Silvergate Capital Corp (NYSE:SI) were rising on Monday after crashing by 60% last week.
的股份 西尔弗盖特资本公司 纽约证券交易所代码：SI）在上周暴跌60％后，周一上涨。
The crypto bank's announcement on Friday to discontinue its flagship product, the Silvergate Exchange Network (SEN), could be a sign of the operations being wound down, according to Wedbush.
据Wedbush称，这家加密银行周五宣布停产其旗舰产品Silvergate Exchangate Network（SEN），这可能表明业务已结束。
"This is a very bad sign. By waiting after the close of business to announce this, now none of the money can leave," Bloomberg quoted J. Austin Campbell, an adjunct professor of Columbia Business School, saying.
“这是一个非常糟糕的信号。彭博社援引哥伦比亚商学院兼职教授奥斯汀·坎贝尔的话说，等到营业结束后才宣布这一点，现在所有钱都无法流失。
"The good news is a lot of crypto people have already cut relationships with Silvergate and moved away from them — it's less catastrophic than it could be," he added.
“好消息是，许多加密货币人士已经与Silvergate断绝关系并远离了他们——灾难性没有预期的那么严重，” 他补充说。
The Silvergate Capital Analyst: David Chiaverini downgraded the rating for Silvergate Capital from Neutral to Underperform, while reducing the price target from $9 to $4.
西尔弗盖特资本分析师：大卫·基亚维里尼 将Silvergate Capital的评级从中性下调至表现不佳，同时将目标股价从9美元下调至4美元。
The Silvergate Capital Thesis: The Silvergate Exchange Network was the main attractor of funds from depositors to the bank, Chiaverini said in the downgrade note.
西尔弗盖特资本论点： 基亚韦里尼在降级报告中表示，Silvergate Exchangate Network是吸引存款人向银行提供资金的主要来源。
Check out other analyst stock ratings.
查看其他分析师股票评级。
"We believe a receivership/liquidation scenario is a distinct possibility and arrive at a liquidation value of $5 per share," the analyst wrote.
分析师写道：“我们认为破产管理/清算情景很有可能，清算价值为每股5美元。”
Our price target revision "is based on shares trading at 80% of our liquidation value per share estimate of $5 given the time value of money and an extended timeframe to settle Silvergate's affairs, which could potentially take 1-2 years, in our view," he added.
他补充说，我们的目标价格修订 “基于股票的交易价格为我们估计的每股5美元的清算价值的80％，考虑到金钱的时间价值以及解决西尔弗盖特事务的时间延长，在我们看来，这可能需要1-2年。”
SI Price Action: Shares of Silvergate Capital were up by 2.43% to $5.90 at the time of publication on Monday.
SI 价格走势： 周一发布时，Silvergate Capital的股价上涨了2.43％，至5.90美元。
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照片：Shutterstock