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SDPI
Stock ticker: ASE
AS OF
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Price
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Capitalization
20.45M

SDPI Superior Drilling Products Forecast, Technical & Fundamental Analysis

a manufacturer of drilling tools

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SDPI with price predictions
07:00 PM EST Nov 30, 2023

SDPI's RSI Oscillator recovers from oversold territory

The RSI Oscillator for SDPI moved out of oversold territory on November 15, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 25 similar instances when the indicator left oversold territory. In of the 25 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 60 cases where SDPI's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 24, 2023. You may want to consider a long position or call options on SDPI as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SDPI just turned positive on November 24, 2023. Looking at past instances where SDPI's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SDPI advanced for three days, in of 221 cases, the price rose further within the following month. The odds of a continued upward trend are .

SDPI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SDPI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for SDPI entered a downward trend on November 20, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. SDPI’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.944) is normal, around the industry mean (3.639). P/E Ratio (9.718) is within average values for comparable stocks, (68.287). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.093). Dividend Yield (0.000) settles around the average of (0.041) among similar stocks. P/S Ratio (0.912) is also within normal values, averaging (1.373).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SDPI’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Schlumberger Limited (NYSE:SLB), Halliburton Company (NYSE:HAL), Valaris Limited (NYSE:VAL).

Industry description

The oilfield services/equipment industry is involved in providing various equipment and services to oil and natural gas producers. These companies rent drilling rigs and/or provide services to build and maintain oil and gas wells. The performance of this industry is dependent on demand for oil and natural gas, which in turn is often driven by macroeconomic conditions or business cycles. Schlumberger NV, Halliburton Company, and Baker Hughes are some of the biggest oilfield services companies.

Market Cap

The average market capitalization across the Oilfield Services/Equipment Industry is 2.94B. The market cap for tickers in the group ranges from 717 to 75.07B. SLB holds the highest valuation in this group at 75.07B. The lowest valued company is FLSS at 717.

High and low price notable news

The average weekly price growth across all stocks in the Oilfield Services/Equipment Industry was -1%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 10%. CCLP experienced the highest price growth at 33%, while POFCY experienced the biggest fall at -44%.

Volume

The average weekly volume growth across all stocks in the Oilfield Services/Equipment Industry was 142%. For the same stocks of the Industry, the average monthly volume growth was -25% and the average quarterly volume growth was -27%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 59
P/E Growth Rating: 72
Price Growth Rating: 53
SMR Rating: 71
Profit Risk Rating: 85
Seasonality Score: 32 (-100 ... +100)
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A.I. Advisor
published Earnings

SDPI is expected to report earnings to 1 cents per share on March 07

Superior Drilling Products SDPI Stock Earnings Reports
Q4'23
Est.
$0.02
Q3'23
Est.
$0.02
Q2'23
Missed
by $0.02
Q1'23
Beat
by $0.02
Q4'22
Missed
by $0.02
The last earnings report on November 09 showed earnings per share of 1 cents, meeting the estimate of 1 cents. With 21.58K shares outstanding, the current market capitalization sits at 20.45M.
A.I. Advisor
published General Information

General Information

a manufacturer of drilling tools

Industry OilfieldServicesEquipment

Profile
Fundamentals
Details
Industry
Oilfield Services Or Equipment
Address
1583 South 1700 East
Phone
+1 435 789-0594
Employees
86
Web
https://www.sdpi.com
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SDPI and

Correlation & Price change

A.I.dvisor indicates that over the last year, SDPI has been loosely correlated with WTTR. These tickers have moved in lockstep 33% of the time. This A.I.-generated data suggests there is some statistical probability that if SDPI jumps, then WTTR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SDPI
1D Price
Change %
SDPI100%
+1.10%
WTTR - SDPI
33%
Loosely correlated
-0.67%
NINE - SDPI
26%
Poorly correlated
+1.36%
CLB - SDPI
23%
Poorly correlated
+2.03%
TDW - SDPI
23%
Poorly correlated
+2.78%
MRC - SDPI
22%
Poorly correlated
+0.97%
More

Groups containing SDPI

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SDPI
1D Price
Change %
SDPI100%
+1.10%
Oilfield Services/Equipment
(undefined stocks)
28%
Poorly correlated
+0.33%
Industrial Services
(undefined stocks)
24%
Poorly correlated
+0.92%
oil field equipment
(undefined stocks)
22%
Poorly correlated
+1.04%
oil field service
(undefined stocks)
22%
Poorly correlated
+1.04%
drilling
(undefined stocks)
19%
Poorly correlated
+1.82%