Deepwater energy production, distribution equipment and related services company Deep Down Inc (OTCMKTS:DPDW) is one of the stocks that could be followed at this point.
Market Reaction
On Monday, DPDW stock gained 1.41% to $0.72 with 300 shares, compared to its average volume of 35K shares. The stock moved within a range of $0.7200 – 0.7200 after opening trade at $0.72.
Deep Down, Inc. Announces Timing of First Quarter 2022 Earnings Release and Conference Call
In the past week, the stock has been in the middle of a steady rally and has declined by as much as 9% during the period. In light of such a decline, it might be a good time for investors to figure out if the stock could actually make a recovery in the coming days. As it happens, Deep Down was in the news on Monday after it announced that it was going to host a conference call for its investors on May 11, 2022.
At the aforementioned conference call, the company is going to have a review of the first fiscal quarter financial results. It is going to commence at 10 in the morning Eastern Time. In this context, it is perhaps also necessary to point out that the company will announce its financial results for the first fiscal quarter on May 11 following the closure of the markets. It is going to be interesting to see if the stock can now manage to make a recovery in the coming couple of days.
Traders Review
DPDW stock is trading above the 20-Day and 50-Day Moving averages of $0.65 and $0.63 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.65.
