The trading price of Dawson Geophysical Company (NASDAQ:DWSN) closed higher on Monday, June 16, and closing at $2.90, 111.68% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $2.10 and a 52-week low of $1.08. Over the past month, the stock has gained 132.00% in value.
Dawson Geophysical Company, whose market valuation is $89.86 million at the time of this writing, is expected to release its quarterly earnings report in July. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest DWSN has a 50% 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 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that DWSN’s price is currently 108.85% off the SMA20 and 125.56% off the SMA50. The RSI metric on the 14-day chart is currently showing 89.29, and weekly volatility stands at 37.33%. When measured over the past 30 days, the indicator reaches 17.06%. Dawson Geophysical Company (NASDAQ:DWSN)’s beta value is currently sitting at 0.02, while the Average True Range indicator is currently displaying 0.37.
To see how Dawson Geophysical Company stock has been performing in comparison to its peers in the industry, here are the numbers: DWSN stock’s performance was 111.68% in the latest trading, and 45.73% in the past year.
An evaluation of the daily trading volume of Dawson Geophysical Company (NASDAQ:DWSN) indicates that the 3-month average is 7.45K.
Currently, records show that 30.98 million of the company’s shares remain outstanding. The insiders hold 0.33% of outstanding shares, whereas institutions hold 88.35%. However, since the stock’s price has seen 116.42% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
