Monday, March 1, 2021

Dougherty & Company lifts Superior Drilling Products Inc. [SDPI] price estimate. Who else is bullish?

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Superior Drilling Products Inc. [AMEX: SDPI] traded at a high on 02/16/21, posting a 20.69 gain after which it closed the day’ session at $1.40. The company report on February 3, 2021 that Superior Drilling Products, Inc. Announces NYSE American Accepts Continued Listing Compliance Plan.

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Requires compliance with listing standards by May 18, 2022.


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Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, announced that NYSE American has accepted the Company’s plan of compliance for continued listing on the exchange. SDP has been granted a plan period through May 18, 2022 to regain compliance with the listing compliance standards of Section 1003(a)(iii). The Company will continue to trade under the symbol “SDPI” on the NYSE American pursuant to this extension. The Company will be required to submit quarterly progress updates on the initiatives outlined in the compliance plan.

The results of the trading session contributed to over 2867099 shares changing hands. Over the past one week, the price volatility of Superior Drilling Products Inc. stands at 15.84% while the volatility over the past one month is 15.35%.

The market cap for SDPI stock reached $35.84 million, with 25.56 million shares outstanding and 11.33 million shares in the current float. Compared to the average trading volume of 1.15M shares, SDPI reached a trading volume of 2867099 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Superior Drilling Products Inc. [SDPI]?

Dougherty & Company have made an estimate for Superior Drilling Products Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 13, 2020. While these analysts kept the previous recommendation, ROTH Capital dropped their target price from $4 to $2. The new note on the price target was released on March 08, 2019, representing the official price target for Superior Drilling Products Inc. stock. Previously, the target price had yet another drop from $5 to $3, while Imperial Capital kept a Outperform rating on SDPI stock. On October 18, 2018, analysts increased their price target for SDPI shares from 3 to 5.

The Average True Range (ATR) for Superior Drilling Products Inc. is set at 0.14, with the Price to Sales ratio for SDPI stock in the period of the last 12 months amounting to 2.69. The Price to Book ratio for the last quarter was 7.78, with the Price to Cash per share for the same quarter was set at 0.05. Price to Free Cash Flow for SDPI in the course of the last twelve months was 51.20 with Quick ratio for the last quarter at 0.50.

How has SDPI stock performed recently?

Superior Drilling Products Inc. [SDPI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 46.60. With this latest performance, SDPI shares gained by 86.67% in over the last four-week period, additionally plugging by 155.38% over the last 6 months – not to mention a rise of 105.85% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SDPI stock in for the last two-week period is set at 75.03, with the RSI for the last a single of trading hit 80.19, and the three-weeks RSI is set at 72.11 for Superior Drilling Products Inc. [SDPI]. The present Moving Average for the last 50 days of trading for this stock 0.7452, while it was recorded at 1.1940 for the last single week of trading, and 0.6204 for the last 200 days.

Superior Drilling Products Inc. [SDPI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Superior Drilling Products Inc. [SDPI] shares currently have an operating margin of -1.18 and a Gross Margin at +38.88. Superior Drilling Products Inc.’s Net Margin is presently recorded at -4.93.

Return on Total Capital for SDPI is now -1.34, given the latest momentum, and Return on Invested Capital for the company is -7.59. Return on Equity for this stock declined to -12.90, with Return on Assets sitting at -5.15. When it comes to the capital structure of this company, Superior Drilling Products Inc. [SDPI] has a Total Debt to Total Equity ratio set at 111.94. Additionally, SDPI Total Debt to Total Capital is recorded at 52.82, with Total Debt to Total Assets ending up at 47.44. Long-Term Debt to Equity for the company is recorded at 54.19, with the Long-Term Debt to Total Capital now at 25.57.

Reflecting on the efficiency of the workforce at the company, Superior Drilling Products Inc. [SDPI] managed to generate an average of -$14,864 per employee. Receivables Turnover for the company is 6.20 with a Total Asset Turnover recorded at a value of 1.04.Superior Drilling Products Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.60.

Earnings analysis for Superior Drilling Products Inc. [SDPI]

With the latest financial reports released by the company, Superior Drilling Products Inc. posted 0/share EPS, while the average EPS was predicted by analysts to be reported at 0/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SDPI.

Insider trade positions for Superior Drilling Products Inc. [SDPI]

There are presently around $2 million, or 6.60% of SDPI stock, in the hands of institutional investors. The top three institutional holders of SDPI stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 492,024, which is approximately -2.863% of the company’s market cap and around 59.38% of the total institutional ownership; BRIDGEWAY CAPITAL MANAGEMENT, LLC, holding 359,700 shares of the stock with an approximate value of $0.5 million in SDPI stocks shares; and VANGUARD GROUP INC, currently with $0.13 million in SDPI stock with ownership of nearly -24.282% of the company’s market capitalization.

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5 institutional holders increased their position in Superior Drilling Products Inc. [AMEX:SDPI] by around 30,160 shares. Additionally, 9 investors decreased positions by around 388,505 shares, while 8 investors held positions by with 812,539 shares. The mentioned changes placed institutional holdings at 1,231,204 shares, according to the latest SEC report filing. SDPI stock had 2 new institutional investments in for a total of 18,485 shares, while 6 institutional investors sold positions of 325,251 shares during the same period.

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