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DAWSON GEOPHYSICAL REPORTS THIRD QUARTER 2024 RESULTS
PRNewswire (Tue, 12-Nov 4:01 PM ET)
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 January 31, 2025, DWSN stock price climbed to $1.39 with 12,183 million shares trading.
DWSN has a beta of -1.03, meaning it tends to be less sensitive to market movements. DWSN has a correlation of 0.06 to the broad based SPY ETF.
DWSN has a market cap of $43.07 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, DWSN traded as high as $2.69 and as low as $1.08.
The top ETF exchange traded funds that DWSN belongs to (by Net Assets): VXF, IWC.
DWSN has underperformed the market in the last year with a price return of -1.2% while the SPY ETF gained +25.5%. DWSN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -14.7% and +1.1%, respectively, while the SPY returned +5.3% and +2.9%, respectively.
DWSN support price is $1.25 and resistance is $1.47 (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 shares will trade within this expected range on the day.