Dawson Geophysical (DWSN) stock underwent a massive rally on Monday morning, despite a lack of news from the onshore seismic data acquisition and processing services company. There are no new press releases or filings with the Securities and Exchange Commission (SEC) that explain today’s momentum.
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Even so, that doesn’t mean Dawson Geophysical is rising without reason. Investors have likely taken an interest in the company due to its ties to the oil industry. Small-cap oil stocks have experienced positive movement recently following the conflict between Israel and Iran last week.
DWSN has been swept up in that positive oil stock movement, sending shares 500% higher in pre-market trading today. That comes with more than 15 million shares traded, compared to a three-month daily average of about 6,670 units.
Is Dawson Geophysical Stock a Buy, Sell, or Hold?
Wall Street’s coverage of Dawson Geophysical is lacking, but TipRanks’ AI analyst Spark has it covered. Spark rates DWSN stock a Neutral (49) with a $1.50 price target. It cites “financial challenges with negative cash flows, declining revenues, and ongoing losses” as reasons for the rating.
