Taking the lead: Smart Sand Inc. (SND)

Smart Sand Inc. (NASDAQ: SND) stock fell -1.45% on Wednesday to $2.04 against a previous-day closing price of $2.07. With 0.41 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.19 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $2.1000 whereas the lowest price it dropped to was $1.9700. The 52-week range on SND shows that it touched its highest point at $4.95 and its lowest point at $1.37 during that stretch. It currently has a 1-year price target of $3.00. Beta for the stock currently stands at 1.63.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SND was down-trending over the past week, with a drop of -2.86%, but this was up by 14.61% over a month. Three-month performance surged to 1.49% while six-month performance fell -37.52%. The stock gained 4.62% in the past year, while it has gained 14.61% so far this year. A look at the trailing 12-month EPS for SND yields -0.37 with Next year EPS estimates of 0.12. For the next quarter, that number is 0.01. This implies an EPS growth rate of -272.80% for this year and 161.10% for next year. EPS is expected to decline by -2.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -37.30%.

Float and Shares Shorts:

At present, 42.52 million SND shares are outstanding with a float of 27.20 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.1 million, which was 2.43% higher than short shares on Sep 14, 2022. In addition to Mr. Andrew Robert Speaker as the firm’s Co-Chairman & Sr. Advisor on Special Projects, Mr. Charles Edwin Young serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 36.47% of SND’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.02% of SND, in contrast to 7.69% held by mutual funds. Shares owned by individuals account for 42.65%. As the largest shareholder in SND with 1.94% of the stake, The Vanguard Group, Inc. holds 876,985 shares worth 876,985. A second-largest stockholder of SND, Bridgeway Capital Management LLC, holds 780,618 shares, controlling over 1.72% of the firm’s shares. Sprott Asset Management LP is the third largest shareholder in SND, holding 750,000 shares or 1.66% stake. With a 1.66% stake in SND, the Sprott Focus Trust is the largest stakeholder. A total of 750,000 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 1.20% of SND stock, is the second-largest Mutual Fund holder. It holds 541,440 shares valued at 1.34 million. Vanguard Extended Market Index Fu holds 0.74% of the stake in SND, owning 335,545 shares worth 0.83 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SND since 2 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SND analysts setting a high price target of $3.00 and a low target of $2.50, the average target price over the next 12 months is $2.75. Based on these targets, SND could surge 47.06% to reach the target high and rise by 22.55% to reach the target low. Reaching the average price target will result in a growth of 34.8% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SND will report FY 2022 earnings on 03/16/2023. Analysts have provided yearly estimates in a range of $0.01 being high and -$0.15 being low. For SND, this leads to a yearly average estimate of -$0.07. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Smart Sand Inc. surprised analysts by $0.02 when it reported $0.06 EPS against a consensus estimate of $0.04. The surprise factor in the prior quarter was $0.05. Based on analyst estimates, the high estimate for the next quarter is $0.04 and the low estimate is -$0.07. The average estimate for the next quarter is thus -$0.01.

Summary of Insider Activity:

Insiders traded SND stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 1,265,137 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 36 over the past year. The total number of shares bought during that period was 599,314 while 4,450,442 shares were sold.

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