Solaris Energy Infrastructure Inc (NYSE:SEI) shares, rose in value, with the stock price up by 0.39% to the previous day’s close as strong demand from buyers drove the stock to $28.67.
Actively observing the price movement in the last trading, the stock closed the session at $28.56. The PE ratio was 58.06 over 12-month period. Referring to stock’s 52-week performance, its high was $39.03, and the low was $7.97. On the whole, SEI has fluctuated by 5.91% over the past month.
With the market capitalization of Solaris Energy Infrastructure Inc currently standing at about $1.92 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.48, with its dividend yield at 1.67%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 516.5M, with a low estimate of 117M and a high estimate of 122.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 119.6M.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% 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 -4.16% and -2.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.43, while the 7-day volatility ratio is showing 10.09% which for the 30-day chart, stands at 8.41%. Furthermore, Solaris Energy Infrastructure Inc (SEI)’s beta value is 1.01, and its average true range (ATR) is 2.96.
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 0.39% in last session, and over the past year, it grew by 236.90%%. In comparison, Liberty Energy Inc. (LBRT) has moved higher at 1.22%% on the day and was down -26.08% over the past 12 months. On the other hand, the price of Innovex International Inc. (INVX) has risen 2.75%% on the day. The stock, however, is off -21.41% from where it was a year ago. Additionally, there is a gain of 1.47%% for NPK International Inc. (NPKI) in last trading while the stock has seen an overall depriciation of -15.83%% over the past year.
Data on historical trading for Solaris Energy Infrastructure Inc (NYSE:SEI) indicates that the trading volumes over the past 3 months, they’ve averaged 1.02 million. According to company’s latest data on outstanding shares, there are 38.01 million shares outstanding.
Nearly 33.92% of Solaris Energy Infrastructure Inc’s shares belong to company insiders and institutional investors own 92.64% of the company’s shares. The stock has fallen by -0.38% 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.
