SAExploration: What’s ahead after touching 52-Week Low?



The company will report its earnings for S1 2017 on 08/21/2017. Generally, the company reports earnings worse than estimates. In recent months, the analysts from Thomson Reuters consensus have revised their EPS estimates downward.

SAExploration Holdings, Inc. (NASDAQ:SAEX) stock hit a new 52-week low and has $2.04 target or 4.00 % below today’s $2.12 share price. The 9 months chart indicates high risk for the $19.47 million company. The 1-year low was reported on Aug, 16 by If the $2.04 price target is reached, the company will be worth $778,800 less.

The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

About 9,565 shares traded. SAExploration Holdings, Inc. (NASDAQ:SAEX) has declined 95.11% since August 16, 2016 and is downtrending. It has underperformed by 111.81% the S&P500.

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