U.S. Silica Holdings Inc. (NYSE:SLCA) closed Tuesday at $12.47 per share, down from $13.17 a day earlier. While U.S. Silica Holdings Inc. has underperformed by -5.32%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SLCA fell by -36.31%, with highs and lows ranging from $21.54 to $9.47, whereas the simple moving average jumped by 0.21% in the last 200 days.
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On April 03, 2023, Barclays Upgraded U.S. Silica Holdings Inc. (NYSE: SLCA) to Equal Weight. A report published by Morgan Stanley on July 13, 2022, Upgraded its rating to ‘Equal-Weight’ for SLCA. Evercore ISI also Upgraded SLCA shares as ‘Outperform’, setting a target price of $20 on the company’s shares in a report dated June 14, 2022. Barclays May 28, 2021d its ‘Equal Weight’ rating to ‘Underweight’ for SLCA, as published in its report on May 28, 2021. Citigroup also rated the stock as ‘Neutral’.
Analysis of U.S. Silica Holdings Inc. (SLCA)
Further, the quarter-over-quarter increase in sales is 44.90%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of U.S. Silica Holdings Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 12.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.90, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and SLCA is recording an average volume of 764.55K. On a monthly basis, the volatility of the stock is set at 5.77%, whereas on a weekly basis, it is put at 4.48%, with a gain of 4.88% over the past seven days. Furthermore, long-term investors anticipate a median target price of $19.50, showing growth from the present price of $12.47, which can serve as yet another indication of whether SLCA is worth investing in or should be passed over.
How Do You Analyze U.S. Silica Holdings Inc. Shares?
U.S. Silica Holdings Inc. (SLCA) is based in the USA and is one of the most prominent companies operating in the Oil & Gas Equipment & Services market. When comparing U.S. Silica Holdings Inc. shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 12.47, there is a growth in quarterly earnings of 259.00%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.90%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 85.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in SLCA shares?
The recent increase in stakes in SLCA appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in SLCA has increased by 6.28% in the first quarter. The company now owns 12,883,278 shares of the stock, with a value of $156.4 million, following the purchase of 760,849 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in SLCA during the first quarter, upping its stake by 3.54%. During the last quarter, the company picked up 222,053 additional shares for a total stake of worth $78.81 million, bringing number of shares owned by the company to 6,491,785.
During the first quarter, Dimensional Fund Advisors LP added a 149,255 position in SLCA. Renaissance Technologies LLC sold an additional -0.49 million shares in the last quarter, decreasing its holdings by -12.09%, now holding 3.59 million shares worth $43.63 million. At the end of the first quarter, SSgA Funds Management, Inc. decreased its SLCA holdings by -5.40% and now holds 3.44 million SLCA shares valued at $41.82 million with the lessened -0.2 million shares during the period. SLCA shares are owned by institutional investors to the tune of 85.00% at present.
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