Tuesday, May 17, 2022

Smart sand, Inc. (SND) Stock Showing Volatility. Here’s Why

Smart sand, Inc. (SND), a company known to produce fracturing sand to serve better recovery rates in hydrocarbon exploitation, saw a plunge in its share price on Monday. The shares of the company were changing hands at $2.76, a decrease of 2.47%. Currently, in the aftermarket, the company is regaining its lost momentum back. The share price stands at $3.19, an increase of 15.58%.


Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .

Sponsored


Agreement with EQT

SND stock was showing a bullish trend in the aftermarket mainly due to the fact that in the late hours of Monday, the company announced to have entered into a new agreement with EQT Production Company. Under the details of the agreement, the company intends to keep providing the EQT Company with the frac sand in the Appalachian basin. Apart from that, the company also hopes that a new trans-loading terminal in southwestern Pennsylvania would be operational by the end of the year.

Q2 Financial results


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


The company has announced to release its Q2 2021 financial results after the closure of the market today (Tuesday). According to analysts, the company is expected to deliver a decline in its earnings as compared to the earnings it obtained during the same quarter in the previous year. Also, the expected revenue generation by the company is estimated to be $31.15 million. Analysts believe that in case the company surpasses the expectations, SND stock could move in a positive direction, while lower than expected earnings could cause the stock to move in a negative direction.

Settlement with USW

On the 29th of July, the company announced that it has reached a settlement with $35 million with US Well Services (USW). In the first week of June, a superior court of Delaware announced a $50.9 million judgment in favor of Smart Sand, Inc. It was facing allegations of breach of contract by USW. After that news came out, the SND stock started showing upbeat behavior in NASDAQ, reaching $3.30.

Q1 Financial results

In early May, the company announced the Q1 2021 results. The company had generated revenue of $27.5 million during the quarter. During the same quarter in 2020, the company had generated greater revenue of about 447.5 million. The reason for that decrease in revenue was related to facing lower logistics revenue. Apart from that, about 760,000 tons of frac sand were sold during the Q1 of 2021. All in all, the quarter results show that the company is in a transition phase, as the effects of the COVID pandemic are largely subdue.

What future holds in store?

Analyst forecasts show that during the next quarter, ending in September 2021, the company is expected to bring in revenue of $34.9 million. For the next year, the revenue estimate is hovering between $159 million to $160 million. All in all, these figures show that the company is truly on the path to achieve stability in its revenue during the near future. As far as the performance of SND stock is concerned, previous trends have shown that the stock could well truly be on a path to attain investor interest in the future.

Latest news

A Few Bright Spots in Tesla Inc. (TSLA)

Tesla's (TSLA) Shanghai facility ceased operations on Monday owing to material shortages, according to Reuters. Furthermore, demand for Tesla electric vehicles decreased drastically in...

A Closer Look at DocuSign Inc.’s (DOCU) Growth Curve

DocuSign Inc. (NASDAQ: DOCU), a software firm that creates an electronic signature and verification solutions, is presently trading more than 70% below its 52-week...

One Of The Good Ones: Enphase Energy Inc. (ENPH)

Enphase Energy, Inc. (NASDAQ: ENPH), a maker of inverters, released its first-quarter 2022 results. Enphase set a new sales record and outperformed Wall Street...

Riding the Trend or Protecting Profits | AT&T Inc. (T)

AT&T Inc. (NYSE: T), a telecommunications service provider, released its first-quarter earnings last week. The firm claimed a record number of new communication subscribers,...

Related news

A Few Bright Spots in Tesla Inc. (TSLA)

Tesla's (TSLA) Shanghai facility ceased operations on Monday owing to material shortages, according to Reuters. Furthermore, demand for Tesla electric vehicles decreased drastically in...

A Closer Look at DocuSign Inc.’s (DOCU) Growth Curve

DocuSign Inc. (NASDAQ: DOCU), a software firm that creates an electronic signature and verification solutions, is presently trading more than 70% below its 52-week...

One Of The Good Ones: Enphase Energy Inc. (ENPH)

Enphase Energy, Inc. (NASDAQ: ENPH), a maker of inverters, released its first-quarter 2022 results. Enphase set a new sales record and outperformed Wall Street...

Riding the Trend or Protecting Profits | AT&T Inc. (T)

AT&T Inc. (NYSE: T), a telecommunications service provider, released its first-quarter earnings last week. The firm claimed a record number of new communication subscribers,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

1745

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam