Viridien Shares Drop 17.43% in a Week Despite a $26M Cash Flow
Viridien's stock is down 1.59% to €117.50 at midday this Thursday, continuing the sharp decline recorded on Wednesday after the quarterly earnings release. Over the week, the decline reaches 17.43%. The SBF 120 is down 0.22% at the same time.
A Decline that Erases April's Rally
At €117.50, the geoscientific technology specialist for the oil industry has fallen to levels not seen since early March. However, the annual performance remains at 129.3%, a legacy of the rally that had pushed the stock up to €154.40 on April 23. The previous day's movement was triggered by the announcement of the first quarter revenue and by the simultaneous drop in Brent crude, which lost 10.4% in five sessions to return to $99.41. The company had announced a net cash flow of $26M for the quarter, compared to a negative flow of $20M a year earlier, and a debt reduction bringing the net debt to about $700M after a bond repayment of $41M. As a reminder, S&P had also raised the credit rating of the group in early April, as covered by a previous brief.
Technical Setup Weakened Below the 50-Day Average
The decline brings the price below its 50-day moving average set at €130.60, and immediately in contact with the lower boundary of the Bollinger Bands set at €114.38. The RSI at 38 indicates the seller's exhaustion for the week without yet tipping into the oversold zone. The 200-day moving average, at €97.11, remains 17% below the current price and preserves the underlying trend. The stock ranks 99th in the SBF 120 for the session, in an index where Soitec leads the gains (+5.75%) and Solvay leads the losses (-7.14%). The next appointment is set on the financial calendar: the general meeting on June 3, 2026.
