Superior Drilling Products Inc (AMEX: SDPI) has experienced a rise in its stock price by 9.73 compared to its previous closing price of 1.13. However, the company has seen a gain of 12.56% in its stock price over the last five trading days. InvestorPlace reported 2024-02-26 that We all know the market recovery over the past few months has been unequal, with a handful of big tech stocks stealing the spotlight. These so-called “Magnificent Seven” tech giants have driven the rally, fueled by explosive AI and cloud computing growth.
Is It Worth Investing in Superior Drilling Products Inc (AMEX: SDPI) Right Now?
The price-to-earnings ratio for Superior Drilling Products Inc (AMEX: SDPI) is 5.02x, which is above its average ratio. Moreover, the 36-month beta value for SDPI is 0.02. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SDPI is 10.71M and currently, short sellers hold a 0.38% of that float. On April 22, 2024, SDPI’s average trading volume was 130.18K shares.
SDPI’s Market Performance
SDPI stock saw an increase of 12.56% in the past week, with a monthly gain of 37.76% and a quarterly increase of 71.75%. The volatility ratio for the week is 10.20%, and the volatility levels for the last 30 days are 6.14% for Superior Drilling Products Inc (SDPI). The simple moving average for the past 20 days is 20.43% for SDPI’s stock, with a 40.62% simple moving average for the past 200 days.
Analysts’ Opinion of SDPI
ROTH Capital, on the other hand, stated in their research note that they expect to see SDPI reach a price target of $2, previously predicting the price at $4. The rating they have provided for SDPI stocks is “Buy” according to the report published on March 08th, 2019.
Imperial Capital gave a rating of “Outperform” to SDPI, setting the target price at $3 in the report published on November 28th of the previous year.
SDPI Trading at 40.87% from the 50-Day Moving Average
After a stumble in the market that brought SDPI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.89% of loss for the given period.
Volatility was left at 6.14%, however, over the last 30 days, the volatility rate increased by 10.20%, as shares surge +37.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +68.85% upper at present.
During the last 5 trading sessions, SDPI rose by +12.56%, which changed the moving average for the period of 200-days by +2.48% in comparison to the 20-day moving average, which settled at $1.0464. In addition, Superior Drilling Products Inc saw 73.67% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SDPI starting from Eberwein Jeffrey E., who sale 5,262 shares at the price of $1.34 back on Aug 11 ’23. After this action, Eberwein Jeffrey E. now owns 1,983,027 shares of Superior Drilling Products Inc, valued at $7,051 using the latest closing price.
Eberwein Jeffrey E., the 10% Owner of Superior Drilling Products Inc, sale 2,834 shares at $1.34 during a trade that took place back on Aug 11 ’23, which means that Eberwein Jeffrey E. is holding 1,080,985 shares at $3,798 based on the most recent closing price.
Stock Fundamentals for SDPI
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.54 for the gross margin
The net margin for Superior Drilling Products Inc stands at 0.35. The total capital return value is set at 0.07. Equity return is now at value 60.11, with 32.65 for asset returns.
Based on Superior Drilling Products Inc (SDPI), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 1.3. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 2.58.
Currently, EBITDA for the company is 3.7 million with net debt to EBITDA at 1.04. When we switch over and look at the enterprise to sales, we see a ratio of 1.99. The receivables turnover for the company is 7.85for trailing twelve months and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.29.
Conclusion
To wrap up, the performance of Superior Drilling Products Inc (SDPI) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
