How to Buy Superior Drilling Products Stock
Superior Drilling Products Inc
Superior Drilling Products, Inc. is a drilling and completion tool technology company which engages in the manufacture, repair, sale and rental of drilling tools.
Superior Drilling Products stock last closed at $1.24, down 2.36% from the previous day, and has increased 31.91% in one year. It has underperformed other stocks in the Oil & Gas Equipment & Services industry by 0 percentage points. Superior Drilling Products stock is currently +113.79% from its 52-week low of $0.58, and -43.89% from its 52-week high of $2.21.
As of May 3, 2024, there are 30.39M SDPI shares outstanding. The market value of SDPI is $37.69M. In the last 24 hours, 24,676 SDPI shares were traded.
How to Buy Superior Drilling Products Stock
Not sure how to invest in Superior Drilling Products stock? Here's how.
- Figure out where to buy Superior Drilling Products stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you choose where to buy Superior Drilling Products stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Select your payment method and add your information.
- Research Superior Drilling Products stock: The Superior Drilling Products ticker symbol is SDPI. Is Superior Drilling Products stock a good investment? Should you buy shares of SDPI? How do SDPI's underlying business fundamentals look? Do top analysts think Superior Drilling Products is a good buy? Why has SDPI's stock price moved recently? (Hint: Our stock market research tools can help you decide if SDPI is a good stock to buy).
- Place your SDPI purchase: Decide if you will purchase SDPI shares at the current market price or use a limit order to purchase SDPI shares at a particular price.
- Get notifications regarding your SDPI position: Create a watchlist to key updates about your investment in Superior Drilling Products stock.
Step 1: Figure out where to buy Superior Drilling Products stock
You need a brokerage account to access the NYSEMKT market and buy SDPI stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked your brokerage, you need to fill out some personal info so you are able to invest in SDPI today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start your new trading account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have created your account on apps for stock market, you need to deposit funds:
Check out the tutorial below if you need help transferring funds into your new brokerage account.
Step 4: Research Superior Drilling Products stock
Once you have figured out the best place to buy Superior Drilling Products stock, it's important to evaluate their stock before you invest, so you truly wrap your head around the risk as well as the upside.
Superior Drilling Products Metrics
Superior Drilling Products Fundamentals
WallStreetZen was created to help average investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on SDPI's stock page.
Is SDPI stock overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge SDPI's fair value.
Using relative valuations measures:
- SDPI may be undervalued based on its P/E ratio of 4.96x, relative to Oil & Gas Equipment & Services industry P/E ratio of 17.01x
- SDPI may be undervalued based on its P/B ratio of 2.26x, relative to Oil & Gas Equipment & Services industry P/B ratio of 2.62x
- SDPI could be undervalued based on its PEG ratio of 0.01x
You can do more valuation analysis on SDPI's stock here.
SDPI Financials at a glance
Positive Financial Indicators:
- SDPI has $2.67M in cash and short term investments. This is sufficient to cover its annual cash burn of $547.49k.
- There are more short-term assets than long-term liabilities on the SDPI balance sheet.
- There are more short-term assets than short-term liabilities on the SDPI balance sheet.
- Total SDPI debt is lower than 5 years ago, relative to shareholder equity.
- SDPI profit margin has gone up from 5.6% to 35.5% in the past year.
- SDPI has cash burn of 547486. It has sufficient cash and short-term investments to cover this for at least one year.
Negative Financial Indicators:
- SDPI has a relatively high debt to equity ratio of 0.62.
SDPI Technicals
Is SDPI Making Money?
Last year, SDPI earnings were $7.44M. During the last one years, SDPI's earnings have gone up by 525% per year. This was faster than the Oil & Gas Equipment & Services industry average of 28.48%.
Last year, SDPI revenue was $20.97M. During the past five year, SDPI's revenue has grown by 2.83% per year. This was slower than the Oil & Gas Equipment & Services industry average of 9.09%.
Dive into SDPI's earnings and revenue performance here.
Are SDPI executives and large shareholders buying or selling the stock?
Over the past 12 months, executives and large shareholders at SDPI have sold more shares than they have bought.
Jeffrey E. Eberwein, 10% Owner of SDPI, was the latest SDPI insider to sell. They sold $3,797.56 worth of SDPI stock on Aug 11, 2023.
Dig into more about who owns SDPI stock here.
Can I rely on SDPI as an income stream?
No, Superior Drilling Products doesn't provide an income stream by paying out dividends.
What do other investors have to say about SDPI?
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your SDPI purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount limit, use a limit order.
Hit the Open button and eToro will place the order.
If you require more help investing in stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your SDPI position
Now that you own some SDPI shares, you'll want to keep up with your new investment.
Put SDPI on a watchlist to monitor your SDPI stock.
SDPI Feed
How to Buy Stock in Superior Drilling Products
To summarize, here are the 6 steps for buying Superior Drilling Products stock:
- Figure out where to buy Superior Drilling Products stock
- Open a brokerage account
- Put funds into your investment account
- Research Superior Drilling Products stock
- Place your SDPI purchase
- Get notifications regarding your SDPI position
If you are looking for a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to track your new investment in Superior Drilling Products, add SDPI to your watchlist by clicking the button below.
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