Overall market sentiment has been high on Smart Sand Inc (SND) stock lately. SND receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Smart Sand Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SND!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With SND Stock Today?
Smart Sand Inc (SND) stock has gained 2.49% while the S&P 500 is down -0.61% as of 2:43 PM on Tuesday, Aug 9. SND is higher by $0.06 from the previous closing price of $2.41 on volume of 151,193 shares. Over the past year the S&P 500 has fallen -7.17% while SND is unchanged 0.00%. SND lost -$1.26 per share in the over the last 12 months.
More About Smart Sand Inc
Smart Sand Inc is a fully integrated frac sand supply and services company that offers complete mine to wellsite proppant supply and logistics solutions. It produces Northern White frac sand, which is a premium proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. Its product portfolio includes Smart System, which includes SmartDepot Silo and SmartPath Loader. The company caters its products and services primarily to oil and natural gas exploration and production companies and oilfield service companies. The majority of its revenue comes from Sand Sales, followed by logistics.
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