The trading price of Superior Drilling Products, Inc. (NYSE:SDPI) closed higher on Monday, Feb 22, closing at $1.15, 8.7% higher than its previous close.

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Traders who pay close attention to intraday price movement should know that it fluctuated between $1.0900 and $1.3200. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 1.01. In examining the 52-week price action we see that the stock hit a 52-week high of $1.44 and a 52-week low of $0.2. Over the past month, the stock has gained 33.45% in value.

Superior Drilling Products, Inc., whose market valuation is $31.74 Million at the time of this writing, is expected to release its quarterly earnings report on March 11, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.06 per share this quarter, however they have predicted annual earnings per share of -$0.17 for 2021 and -$0.13 for 2022. It means analysts are expecting annual earnings per share growth of 3.25% this year and -0.24% next year.

Analysts have forecast the company to bring in revenue of $1.56 Million for the quarter, with the likely lows of $1.56 Million and highs of $1.56 Million. The average estimate suggests sales will likely down by -64.1% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $10.49 Million. The company’s revenue is forecast to drop by -44.8% over what it did in 2020.

On the technical side, indicators suggest SDPI has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.

To see how Superior Drilling Products, Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: SDPI stock’s performance was +8.7% in the latest trading, and +92.31% in the past year, while USA Compression Partners LP (USAC) has traded +2.33% on the day and positioned -6.52% lower than it was a year ago. Another comparable company Dril-Quip (DRQ) saw its stock close 4.2% higher in the most recent trading session but was down -10.91% in a year. Furthermore, National Energy Services Reunited Corp (NESR) showed an increase of 8.7% on the day while its price kept rising at 92.31% over the past year. Superior Drilling Products, Inc. has a P/E ratio of 0, compared to USA Compression Partners LP’s 0 and Dril-Quip’s 0. Also in last trading session, the S&P 500 Index has soared -0.77%, while the Dow Jones Industrial also saw a positive session, up +0.09% on the day.

An evaluation of the daily trading volume of Superior Drilling Products, Inc. (NYSE:SDPI) indicates that the 3-month average is 1.26 Million. However, this figure has increased over the past 10 days to an average of 1.44 Million.

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Currently, records show that 25.62 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 59.38% of outstanding shares, whereas institutions hold 7.46%. The stats also highlight that short interest as of January 28, 2021, stood at 25.96 Million shares, resulting in a short ratio of 0.01 at that time. From this, we can conclude that short interest is 0.1% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 186.32 Million. However, since the stock’s price has seen +106.71% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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