Is Superior Drilling Products Inc. (AMEX: SDPI) Hit More of the Losses Given A -75.61% Dip From High? – Marketing Sentinel
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Is Superior Drilling Products Inc. (AMEX: SDPI) Hit More of the Losses Given A -75.61% Dip From High?

During the last session, Superior Drilling Products Inc. (AMEX:SDPI)’s traded shares were 0.33 million, with the beta value of the company hitting 1.12. At the end of the trading day, the stock’s price was $0.82, reflecting an intraday gain of 4.19% or $0.03. The 52-week high for the SDPI share is $1.44, that puts it down -75.61 from that peak though still a striking 60.98% gain since the share price plummeted to a 52-week low of $0.32. The company’s market capitalization is $21.25M, and the average intraday trading volume over the past 10 days was 63380.0 shares, and the average trade volume was 144.55K shares over the past three months.

Superior Drilling Products Inc. (SDPI) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.00. SDPI has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.

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Superior Drilling Products Inc. (AMEX:SDPI) trade information

Superior Drilling Products Inc. (SDPI) registered a 4.19% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.19% in intraday trading to $0.82 this Friday, 09/03/21, hitting a weekly high. The stock’s 5-day price performance is 15.49%, and it has moved by 6.37% in 30 days. Based on these gigs, the overall price performance for the year is 127.71%. The short interest in Superior Drilling Products Inc. (AMEX:SDPI) is 0.3 million shares and it means that shorts have 0.51 day(s) to cover.

The consensus price target of analysts on Wall Street is $1.30, which implies an increase of 36.92% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.30 and $1.30 respectively. As a result, SDPI is trading at a discount of -58.54% off the target high and -58.54% off the low.

Superior Drilling Products Inc. (SDPI) estimates and forecasts

Statistics show that Superior Drilling Products Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Superior Drilling Products Inc. (SDPI) shares have gone down -17.63% during the last six months, with a year-to-date growth rate more than the industry average at 53.85% against 25.70. In the rating firms’ projections, revenue will increase 21.00% compared to the previous financial year.

Revenue for the current quarter is expected to be $3.4 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $3.42 million by the end of Sep 2021.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 30.60%. While earnings are projected to return -260.20% in 2021.

SDPI Dividends

Superior Drilling Products Inc. is due to release its next quarterly earnings between November 04 and November 08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Superior Drilling Products Inc. (AMEX:SDPI)’s Major holders

Superior Drilling Products Inc. insiders own 55.45% of total outstanding shares while institutional holders control 5.12%, with the float percentage being 11.48%. Bridgeway Capital Management, Inc. is the largest shareholder of the company, while 20 institutions own stock in it. As of Mar 30, 2021, the company held over 0.29 million shares (or 1.11% of all shares), a total value of $0.25 million in shares.

The next largest institutional holding, with 0.21 million shares, is of Renaissance Technologies, LLC’s that is approximately 0.82% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $0.19 million.

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Also, the Mutual Funds coming in first place with the largest holdings of Superior Drilling Products Inc. (SDPI) shares are Bridgeway Funds Inc-Ultra Small Company Market Fund and Vanguard Extended Market Index Fund. Data provided on Mar 30, 2021 indicates that Bridgeway Funds Inc-Ultra Small Company Market Fund owns about 0.22 million shares. This amounts to just over 0.84 percent of the company’s overall shares, with a $0.19 million market value. The same data shows that the other fund manager holds slightly less at 0.2 million, or about 0.78% of the stock, which is worth about $0.18 million.

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