Now Is The Time To Buy U.S. Silica Holdings Inc. (NYSE: SLCA) – Marketing Sentinel
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Now Is The Time To Buy U.S. Silica Holdings Inc. (NYSE: SLCA)

During the last session, U.S. Silica Holdings Inc. (NYSE:SLCA)’s traded shares were 1.43 million, with the beta value of the company hitting 2.71. At the end of the trading day, the stock’s price was $11.40, reflecting an intraday loss of -8.65% or -$1.08. The 52-week high for the SLCA share is $21.54, that puts it down -88.95 from that peak though still a striking 36.67% gain since the share price plummeted to a 52-week low of $7.22. The company’s market capitalization is $911.32M, and the average intraday trading volume over the past 10 days was 1.69 million shares, and the average trade volume was 1.26 million shares over the past three months.

U.S. Silica Holdings Inc. (SLCA) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.00. SLCA has a Sell rating from 2 analyst(s) out of 5 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 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 $0.17.

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U.S. Silica Holdings Inc. (NYSE:SLCA) trade information

U.S. Silica Holdings Inc. (SLCA) registered a -8.65% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -8.65% in intraday trading to $11.40 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -17.99%, and it has moved by -30.53% in 30 days. Based on these gigs, the overall price performance for the year is -7.54%. The short interest in U.S. Silica Holdings Inc. (NYSE:SLCA) is 4.96 million shares and it means that shorts have 4.89 day(s) to cover.

The consensus price target of analysts on Wall Street is $19.60, which implies an increase of 41.84% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $17.00 and $21.00 respectively. As a result, SLCA is trading at a discount of -84.21% off the target high and -49.12% off the low.

U.S. Silica Holdings Inc. (SLCA) estimates and forecasts

Statistics show that U.S. Silica Holdings Inc. has outperformed its competitors in share price, compared to the industry in which it operates. U.S. Silica Holdings Inc. (SLCA) shares have gone up 24.86% during the last six months, with a year-to-date growth rate more than the industry average at 268.89% against 19.00. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 241.70% this quarter and then jump 231.80% in the quarter after that. In the rating firms’ projections, revenue will increase 73.70% compared to the previous financial year.

Revenue for the current quarter is expected to be $491.67 million as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $503.21 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $269.2 million and $267.3 million respectively. In this case, analysts expect current quarter sales to grow by 82.60% and then jump by 88.30% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 6.40%. While earnings are projected to return 75.50% in 2022.

SLCA Dividends

U.S. Silica Holdings Inc. is due to release its next quarterly earnings between July 27 and August 01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

U.S. Silica Holdings Inc. (NYSE:SLCA)’s Major holders

U.S. Silica Holdings Inc. insiders own 2.51% of total outstanding shares while institutional holders control 82.28%, with the float percentage being 84.39%. Blackrock Inc. is the largest shareholder of the company, while 255 institutions own stock in it. As of Mar 30, 2022, the company held over 12.52 million shares (or 16.59% of all shares), a total value of $233.61 million in shares.

The next largest institutional holding, with 5.12 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 6.79% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $95.6 million.

Also, the Mutual Funds coming in first place with the largest holdings of U.S. Silica Holdings Inc. (SLCA) shares are iShares Core S&P Smallcap ETF and VanEck ETF Trust-VanEck Oil Services ETF. Data provided on Apr 29, 2022 indicates that iShares Core S&P Smallcap ETF owns about 5.35 million shares. This amounts to just over 7.08 percent of the company’s overall shares, with a $99.31 million market value. The same data shows that the other fund manager holds slightly less at 3.86 million, or about 5.11% of the stock, which is worth about $68.16 million.

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