Superior Drilling Products Inc. (SDPI) shares are trading at higher $0.49 and the avg recommendation for the stock is Hold.
To add more color to this target, the company’s high over the last year is $1.05 and the low is $0.20. Over the last 52 weeks, SDPI is down -43.51% while the S&P 500 is up 7.65%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, SDPI reported a profit of $0.24 million. Superior Drilling Products Inc. also saw revenues increase to $2.02 million. In addition, SDPI has free cash flow of $2.02 million as of 06-2020. The company’s EBITDA came in at -$0.41 million which compares well with its peers.
SDPI booked profit margins of -8.00%, its Return on Equity (ROE) is -19.40%, and its Return on Assets is -7.90%. All told, it is clear that, SDPI needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SDPI has a short ratio of 0.35 and outstanding shares of 25.44M.
SDPI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.8 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.05. Superior Drilling Products Inc. SDPI also noted assets of $14.79 million at the end of the last quarter. Investors should also keep an eye on sector updates as SDPI has historically followed its peers on positive news.
All told, Superior Drilling Products Inc. SDPI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SDPI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Superior Drilling Products Inc. SDPI is now commanding a market cap of 10.91M and a float of 10.41M. SDPI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SDPI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in SDPI, either long or short, and we have not been compensated for this article.