SandRidge Energy Inc. [NYSE:SD] shares were trading 13.64% to $2.00 on Thursday. Comparativley, The S&P 500 is trading at 0.79%. For the year, the stock is trading -52.83% and the five-day change stands at 25.79%.
SD’s next earning date is 10/28/2020. Currently, the company is booking earnings per share of -18.54.
The company is also reporting -18.54 earnings per share.
The Price is right
Holding a Market Cap of $70.68 million, SandRidge Energy Inc. has seen a trading range over the last year of $0.70-$5.16.
For the last five days, SD is up from its last closing price. The average shares trading hands each day is 287.71K.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for SD. When we apply the Elder Force Index to SandRidge Energy Inc., we are seeing an Elder Force Indicator number of 344030.88.
Recent Performance
The recent performance of the stock is another area that can tell traders how to proceed. SD is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 1.42.
In the last quarter, SD made a profit of 6.1 million. SandRidge Energy Inc. also saw quarter revenue growth year over year of -23.63%.
Technical Analysis
Looking at popular technical indicators, the company’s 5-day moving average is 1.78 compared to the 50-day moving average of 1.46%. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. SD currently holds a 9-day RSI of 73.14%, while 100-day RSI stands at 48.35%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. SD’s 9-day MACD is 0.12 and the company’s 100-day MACD stands at 0.27.
Inside Moves
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 2.72% by insiders and 76.82% by institutions. Regarding institutional holdings, Icahn, Carl, C. owns 13.45%, while the second top holder, Cannell Capital LLC, currently owns 8.13%.
Conclusion
Currently, the company has 1 analysts watching the stock, and the average quarterly earnings estimate is -0.41.
