Dawson Geophysical Company (NASDAQ:DWSN) is one of the stocks that are grabbing investor focus today: sinking -3.65% or (-0.08 points) to $2.11 from its previous close of $2.19. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 139350 contracts so far this session. DWSN shares had a relatively better volume day versus average trading capacity of 143.62 thousand shares, but with a 21.13 million float and a -8.75% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for DWSN stock indicates that the average analyst price target is $4 per share. This means the stock has a potential increase of 89.57% from where the DWSN share price has been trading recently which is between $2.17 and $2.28. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $4.
The shorts are climbing into Dawson Geophysical Company (DWSN) stock. The latest set of short interest data was released on 31 May 2019, and the numbers show a rise in short interest in DWSN shares. While short interest still represents only 3.5% of DWSN’s float, the number of shares shorted have risen by 449632. The number of shares shorted advanced to 1190039 shares, up from 740407 shares during the preceding fortnight. With average daily trading volumes at 175928 shares, days to cover increased to about 4.966308 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Wall Street Sees 3 Falling Knives Rebounding Within 52 Weeks” and dated May 14, 2019.
During the recent trading session for Dawson Geophysical Company (NASDAQ:DWSN), the company witnessed their stock drop by $-0.2 over a week and tumble down $-0.24 from the price 20 days ago. When compared to their established 52-week high of $8.4, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 06/27/18. The recent low of $2.07 stood for a -74.88% since 06/12/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.19 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Dawson Geophysical Company, the two-week RSI stands at 34.07. This figure suggests that DWSN stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current DWSN readings is similarly very revealing as it has a stochastic reading of 18.96% at this stage. This figure means that DWSN share price today is being overbought.
Technical chart claims that Dawson Geophysical Company (DWSN) would settle between $2.26/share to $2.32/share level. However, if the stock price goes below the $2.15 mark, then the market for Dawson Geophysical Company becomes much weaker. If that happens, the stock price might even plunge as low as $2.1 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.08. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Raymond James raised their recommendation on shares of DWSN from Mkt Perform to Strong Buy in their opinion released on May 11. Raymond James analysts have lowered their rating of Dawson Geophysical Company (NASDAQ:DWSN) stock from Outperform to Mkt Perform in a separate flash note issued to investors on August 24. Analysts at Wunderlich are sticking to their Hold stance. However, on October 10, they lifted price target for these shares to $18 from $24.
DWSN equity has an average rating of 2, with the figure leaning towards a bullish end. 1 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 1 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 1 analysts rated Dawson Geophysical Company (NASDAQ:DWSN) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, DWSN stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.33 while for the average stock in the same group, the multiple is 6.62.
Dawson Geophysical Company (DWSN)’s current-quarter revenues are projected to climb by nearly -31.12% to hit $24.91 million, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over -3.62% from $154160 to a noteworthy $148570. At the other end of the current quarter income statement, Dawson Geophysical Company is expected to see its adjusted earnings surge by roughly -64% to hit $-0.41 per share. For the fiscal year, DWSN’s earnings are projected to climb by roughly 20.56% to hit $-0.85 per share.