Why US Silica Holdings Inc’s (SLCA) Stock Is Up 7.49%

By AAII Staff
April 03, 2024
Featured Tickers:
SLCA

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate US Silica Holdings Inc before investing.

In this article, we go over a few key elements for understanding US Silica Holdings Inc’s stock price such as:

  • US Silica Holdings Inc’s current stock price and volume
  • Why US Silica Holdings Inc’s stock price changed recently
  • Upgrades and downgrades for SLCA from analysts
  • SLCA’s stock price momentum as measured by its relative strength

About US Silica Holdings Inc (SLCA)

Before we jump into US Silica Holdings Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

U.S. Silica Holdings, Inc. is a global performance materials company. The Company is a producer of commercial silica used in the oil and gas industry and in a range of industrial applications. Its segments include Oil & Gas Proppants, and Industrial & Specialty Products. The Oil & Gas Proppants segment serves the oil and gas recovery market by providing and delivering fracturing sand, which is pumped down oil and natural gas wells to prop open rock fissures and increase the flow rate of oil and natural gas from the wells. The Industrial & Specialty Products segment consists of over 800 product types and materials used in a variety of markets, including building and construction products, fillers and extenders, filtration, glassmaking, absorbents, foundry, and sports and recreation. Its subsidiaries include EP Minerals and SandBox Logistics. EP Minerals is engaged in the production of products derived from diatomaceous earth, perlite, engineered clays and non-activated clays.

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US Silica Holdings Inc’s Stock Price as of Market Close

As of April 03, 2024, 4:00 PM, CST, US Silica Holdings Inc’s stock price was $13.63.

US Silica Holdings Inc is up 7.49% from its previous closing price of $12.68.

During the last market session, US Silica Holdings Inc’s stock traded between $12.42 and $12.73. Currently, there are 77.18 million shares of US Silica Holdings Inc stock available for purchase.

US Silica Holdings Inc’s price-earnings (P/E) ratio is currently at 6.8, which is low compared to the Metals & Mining - Specialty industry median of 31.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

US Silica Holdings Inc Stock Price History

US Silica Holdings Inc’s (SLCA) price is currently up 9.83% so far this month.

During the month of April, US Silica Holdings Inc’s stock price has reached a high of $14.03 and a low of $12.27.

Over the last year, US Silica Holdings Inc has hit prices as high as $14.64 and as low as $10.09. Year to date, US Silica Holdings Inc’s stock is up 9.04%.

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What Caused US Silica Holdings Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of April 02, 2024, there were 2 analysts who downgraded US Silica Holdings Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate US Silica Holdings Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on US Silica Holdings Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

US Silica Holdings Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about US Silica Holdings Inc (SLCA) by visiting AAII Stock Evaluator.

Relative Price Strength of US Silica Holdings Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 02, 2024, US Silica Holdings Inc has a weighted four-quarter relative price strength of -1.73%, which translates to a Momentum Score of 65 and is considered to be Strong.

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US Silica Holdings Inc Stock Price: Bottom Line

As of April 3, 2024, US Silica Holdings Inc’s stock price is $13.63, which is up 7.49% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like US Silica Holdings Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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