Solaris Energy Infrastructure Inc (NYSE:SEI) shares, rose in value on Wednesday, January 22, with the stock price up by 9.75% to the previous day’s close as strong demand from buyers drove the stock to $34.56.
Actively observing the price movement in the last trading, the stock closed the session at $31.49, falling within a range of $31.88 and $35.61. The value of beta (5-year monthly) was 1.229 whereas the PE ratio was 78.07 over 12-month period. Referring to stock’s 52-week performance, its high was $32.97, and the low was $6.91. On the whole, SEI has fluctuated by 26.92% over the past month.
With the market capitalization of Solaris Energy Infrastructure Inc currently standing at about $2.32 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.48, with its dividend yield at 1.39%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 313.35M, with a low estimate of 92M and a high estimate of 100.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 96.45M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SEI’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of SEI currently trading nearly 16.39% and 32.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 71.97, while the 7-day volatility ratio is showing 7.84% which for the 30-day chart, stands at 6.53%. Furthermore, Solaris Energy Infrastructure Inc (SEI)’s beta value is 1.38, and its average true range (ATR) is 2.00.
A comparison of Solaris Energy Infrastructure Inc (SEI) with its peers suggests the former has fared considerably weaker in the market. SEI showed an intraday change of 9.75% in last session, and over the past year, it grew by 397.27%%.
Data on historical trading for Solaris Energy Infrastructure Inc (NYSE:SEI) indicates that the trading volumes over the past 10 days have averaged 0.67 and over the past 3 months, they’ve averaged 660.41K. According to company’s latest data on outstanding shares, there are 37.01 million shares outstanding.
Nearly 14.78% of Solaris Energy Infrastructure Inc’s shares belong to company insiders and institutional investors own 70.77% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.04 million shares as on 2024-12-31, resulting in a short ratio of 2.4. According to the data, the short interest in Solaris Energy Infrastructure Inc (SEI) stood at 645.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 1.13 million. The stock has risen by 20.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SEI stock heading into the next quarter.
