Superior Drilling Products Inc. (AMEX:SDPI) finished Tuesday with a subtraction of -$0.43 to close at $1.45, a downside of -22.87 percent. An average of 29,922,080 shares of common stock have been traded in the last five days. There was a gain of $0.5660 in the past week. The last 20 days have seen an average of 7,693,495 shares traded, while the 50-day average volume stands at 3,125,946.
SDPI stock has increased by 76.83% in the last month. The company shares reached their 1-month lowest point of $0.7000 on 09/20/21. With the stock rallying to its 52-week high on 10/04/21, shares of the company touched a low of $0.33 and a high of $2.38 in 52 weeks. In spite of this, the price is down -39.08% from the 52-week high.
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Superior Drilling Products Inc. (SDPI) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 18.99 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Superior Drilling Products Inc.’s PE ratio has ranged between 261.46 and 53.97. The stock’s beta is 0.44. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.83, the price-to-book (PB) ratio at 11.15.
The quick ratio of Superior Drilling Products Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.59 and a total debt to equity ratio of 2.18 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 54.10% against a 5-year average of 23.8%. Superior Drilling Products Inc.’s EBITDA margin for the year ending June 29 is -9.61%, while its operating margin for the same period stands at -44.30%. Its gross profit as reported stood at $5.37 million compared to revenue of $10.47 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Superior Drilling Products Inc.’s return on assets was -27.10%, compared to -15.8% over the last five years. In the past year, the return on investment has been -35.10%, and the 5-year average is -14.0%. Meanwhile, the return on equity (ROE) for the past 12 months has been -91.10% and the 5-year average holds at -40.1%. For the broader industry, ROE averaged 12.45 over the past year.
From a technical analysis perspective, let’s take a brief look at Superior Drilling Products Inc. (SDPI) price momentum. RSI 9-day as of the close on 05 October was 60.64%, suggesting the stock is Neutral, with historical volatility in this time frame at 314.29%.
As of today, SDPI’s price is $1.5380 +64.03% or $0.5660 from its 5-day moving average. SDPI is currently trading +79.01% higher than its 20-day SMA and +95.95% higher than its 100-day SMA. However, the stock’s current price level is +95.92% above the SMA50 and +187.24% above the SMA200.
The stochastic %K and %D were 62.70% and 72.91%, respectively, and the average true range (ATR) was 0.3342. With the 14-day stochastic at 44.64% and the average true range at 0.2459, the RSI (14) stands at 62.00%. The stock has reached 0.4019 on the 9-day MACD Oscillator while the 14-day reading was at 0.5658.
Dougherty & Company downgraded Superior Drilling Products Inc. (AMEX: SDPI) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a a Buy.The consensus rating for Superior Drilling Products Inc. (SDPI) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SDPI, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is SDPI’s price target for the next 12 months?
Analysts predict a range of price targets between $1.30 and $1.30, with a median target of $1.30. Taking a look at these predictions, the average price target given by analysts for Superior Drilling Products Inc. (SDPI) stock is $1.30.