Solaris Oilfield Infrastructure Inc (SOI) Is Worth Looking, Despite -12.24% Drop From High

Solaris Oilfield Infrastructure Inc (NYSE:SOI) concluded the trading at $11.90 on current market day with a rise of 2.06% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $11.66 and 5Y monthly beta was reading 1.229 with its price kept floating in the range of $11.5144 and $11.995 on the day. Company’s P/E ratio for the trailing 12 months is 18.36. Considering stock’s 52-week price range provides that SOI hit a high price of $13.56 and saw its price falling to a low level of $6.59 during that period. Over a period of past 1-month, stock came subtracting -7.75% in its value.

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With its current market valuation of $360.93 million, Solaris Oilfield Infrastructure Inc is set to declare its quarterly results in September. SOI Stock’s Forward Dividend of 0.47 and its yield of 3.95% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of 0 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 0 for current year with estimates of that growing to 0 in next year.

In contrast, when we review SOI stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.

Digging deeper we become aware of the PEG ratio of the SOI stock which is currently positioned at 0. It further provides that stock’s current price level is -2.81% away from its 20-day simple moving average and is 13.74% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 54.46 while volatility remained at 3.40% over the past week which changes to 5.00% when measuring it over the past month. Beta is valued at 1.23, while measure of average true range or ATR is currently at 0.54.

Having a second look at Solaris Oilfield Infrastructure Inc (NYSE:SOI) provides that stock’s average daily trading volume for 3 months was 407.45K, while it jumped to 476880 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 28.97 million.

The percentage of outstanding shares held by the insiders is 18.12% while it is 79.73% for the institutional holders. The figures also indicate that as of 2024-07-31, number of stock’s short shares was 0.87 million which implies a short ratio of 1.38. This shows down a 350.00 of Short Interest in company’s outstanding shares on the day. In July the standing of shares short improved as it was 0.96 million in the previous month. Addition of 49.50% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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