In the last trading session, 1,925,006 U.S. Silica Holdings, Inc. (NYSE:SLCA) shares changed hands as the company’s beta touched 3.24. With the company’s per share price at $11.1 changed hands at -$0.11 or -0.01% during last session, the market valuation stood at $825.19 Million. SLCA’s last price was a discount, traded about -38.56% off its 52-week high of $15.38. The share price had its 52-week low at $2.42, which suggests the last value was 78.2% up since then. When we look at U.S. Silica Holdings, Inc.’s average trading volume, we note the 10-day average is 1.18 Million shares, with the 3-month average coming to 1.2 Million.
Analysts gave the U.S. Silica Holdings, Inc. (SLCA) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.8. If we narrow down to specifics, the data shows that 2 out of 5 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 1 recommended SLCA as a Hold, 2 felt it is a Buy and none rated the stock as Underweight. U.S. Silica Holdings, Inc.’s EPS for the current quarter is expected to be -$0.15.
U.S. Silica Holdings, Inc. (NYSE:SLCA) trade information
Although SLCA has turned red as seen at the end of in last trading. With action -0.98%, the performance over the past five days has been green. The jump to weekly highs of $12.03 on Wednesday, Jun 16 added 7.73% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.58%, with the 5-day performance at 0% in the green. However, in the 30-day time frame, U.S. Silica Holdings, Inc. (NYSE:SLCA) is -0.07% down. Looking at the short shares, we see there were 4.1 Million shares sold at short interest cover period of 3.42 days.
The consensus price target for the stock as assigned by Wall Street analysts is $12.5, meaning bulls need an upside of 12.61% from its current market value. According to analyst projections, SLCA’s forecast low is $8 with $16 as the target high. To hit the forecast high, the stock’s price needs a +44.14% upsurge from its current level, while the stock would need to tank -27.93% for it to hit the projected low.
U.S. Silica Holdings, Inc. (SLCA) estimates and forecasts
Data shows that the U.S. Silica Holdings, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +39.62% over the past 6 months, a 50.97% in annual growth rate that is considerably higher than the industry average of 22.5%. But despite this, analysts have looked to lower expectations by downgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for U.S. Silica Holdings, Inc. will drop -66.7%, while the growth in revenue is estimated to hit 33.3% for the next quarter. Year-over-year growth is forecast to reach 23.7% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $269.2 Million. 2 analysts are of the opinion that U.S. Silica Holdings, Inc.’s revenue for the quarter ending September 01, 2021 will be $281.45 Million. The company’s revenue for the corresponding quarters a year ago was $172.54 Million and $175.18 Million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 56%. The estimates for the next quarter sales put growth at 60.7%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -59.6%. The 2021 estimates are for U.S. Silica Holdings, Inc. earnings to increase by 58.8%, but the outlook for the next 5-year period is at 0% per year.
U.S. Silica Holdings, Inc. (NYSE:SLCA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.86% of U.S. Silica Holdings, Inc. shares while 80.49% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 82.87%. There are 217 institutions holding the U.S. Silica Holdings, Inc. stock share, with Blackrock Inc. the top institutional holder. As of Mar 30, 2021, the company held 16.9% of the shares, roughly 12.56 Million SLCA shares worth $154.39 Million.
Ariel Investments, LLC holds the second largest percentage of outstanding shares, with 7.08% or 5.26 Million shares worth $64.68 Million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were iShares Core S&P Smallcap ETF and Ariel Fund. With 4958670 shares estimated at $60.94 Million under it, the former controlled 6.67% of total outstanding shares. On the other hand, Ariel Fund held about 4.14% of the shares, roughly 3.08 Million shares worth around $37.86 Million.