In the period that ended December 31, 2018, short interest in SAExploration Holdings, Inc. (NASDAQ:SAEX) stock is on the decline. The 17.1% drop could be an indication that investors and traders expect a strength in the stock price, often as a result of a strength in the business’ fundamentals. The average analyst recommendations at 0 suggests selling these shares. Between December 14 and December 31, the total number of shorted shares amounted to 165.56 thousand shares. That was 34,160 less shares than the total of 199.72 thousand shares in the space of prior two weeks, which means more traders or funds betting that the stock will go up. Average daily volume for SAEX at the December 31st settlement plunged to 47,420, as compared to 83,790 at the December 14th report. That brought days to cover to 3.491438, a 46.48% increase from the 2.383626 days to cover recorded at the prior short interest data release.
By watching the trading activity of corporate insiders, it will become easier to get a sense of SAExploration Holdings, Inc. (NASDAQ:SAEX)’s prospects. The earliest insider trade took place on 12/21/2018. Beatty Brian A gathered a total of 3.05 thousand shares of company at average share price of $2.08. The total for the purchase was set at $6.34 thousand. After this transaction, the COO account balance stood at 45.01 thousand shares. The stock grew 181.25 percent since that insider purchase. On 12/21/2018, Beatty Brian A, COO, sold 3.05 thousand shares at a price per share of $2.08. This removed 6.34 thousand shares from the insider’s fortune and the stock saw a 181.25 percent rally in value since the news became public. This transaction left 38.91 thousand shares in the COO account. On 09/27/2018, Director Dalton Gary performed a sale transaction worth $4.08 thousand. This sale at $10.46 each has eliminated 0.39 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -44.07 percent decrease since the transaction was reported. The insider now is left with 0 thousand shares remaining in the account. Beatty Brian A, who performs the COO job, sold 8.87 thousand shares for $64.45 thousand. The disposal occurred on 12/30/2016 was priced at $7.27 per share. The share price plunged -19.53 percent since the reporting date. Beatty Brian A now left with a stake of 0.2 thousand SAEX stock worth $1.15 thousand after the insider selling.
The shares are currently floating around the first support level of $4.63. Below this, the next support is placed in the zone of $3.41. Till the time, the SAEX stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 79.54 on daily chart, which may remain a cause for concern. If the price breaks below $3.41 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $6.58 mark may result into a pull-back move towards $7.31 level.
SAEX shares accumulated 1.3 points or 28.57 percent on Friday to $5.85 with a light trade volume of 6.115 million shares. After opening the session at $4.15, the shares went as high as $6.09 and as low as $4.14, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $18.14 million and now has 3.1 million shares outstanding. SAExploration Holdings, Inc. (SAEX) stock has gained 87.5 percent of market value in 21 trading days.
SAEX stock has a trailing 3-year beta of 2.01, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$177.33 a share in the trailing twelve months. The stock’s value has surged 212.83 percent year to date (YTD) against a decline of -86.77 percent in 12 month’s time. The company’s shares still trade -92.07 percent away from its 1-year high of $73.80 and 221.43 percent up from 52-week low of $1.82. The average consensus rating on the company is 0, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.
Shares of SAExploration Holdings, Inc. (SAEX) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry SAEX operates in has an average P/E of 128.83. Its P/E ratio went as low as 5.71X and as high as 5.71 over the 5-year span. Further, it is sporting a 0.25 on the Price-to-Sales ratio. Compare this with the industry average P/S of 2.32. -5.4 percent is the gross profit margin for SAExploration Holdings, Inc. and operating margin sits at -77.9 percent. Along with this, the net profit margin is 0 percent.