DWSN Stock Summary and Trading Ideas (Dawson Geophysical Company | NASDAQ:DWSN)

Dawson Geophysical Co is a provider of onshore seismic data acquisition services with operations throughout the continental United States and Canada. The company acquires and processes 2 D, 3 D, and multi-component seismic data for clients, ranging from oil and gas companies to independent oil and gas operators for use in the onshore drilling and production of oil and natural gas as well as provides multi-client data libraries. It operates through a single segment being Contract seismic data acquisition and processing services. In addition, the company provides multi-component seismic data surveys which involve the recording of alternative seismic waves. Geographically, it generates maximum revenue from the United States.

Dawson Geophysical Company trades on the NASDAQ stock market under the symbol DWSN.

As of May 24, 2024, DWSN stock price declined to $2.00 with 7,389 million shares trading.

DWSN has a beta of 0.41, meaning it tends to be less sensitive to market movements. DWSN has a correlation of 0.01 to the broad based SPY ETF.

DWSN has a market cap of $61.62 million. This is considered a Micro Cap stock.

In the last 3 years, DWSN stock traded as high as $3.00 and as low as $1.08.

The top ETF exchange traded funds that DWSN belongs to (by Net Assets): VTI, VXF, IWC.

DWSN stock has underperformed the market in the last year with a return of +13.7%, while SPY returned +30.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in DWSN shares. However, DWSN has outperformed the market in the last 3 month and 2 week periods, returning +47.8% and +42.9%, while SPY returned +4.6% and +1.7%, respectively. This indicates DWSN has been having a stronger performance recently.

DWSN support price is $1.81 and resistance is $2.25 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DWSN stock will trade within this expected range on the day.