Viridien Shares Drop 23.7% in a Week, Falling Below €111
Viridien shares fell 2.47% to €110.40 in mid-afternoon trading this Friday, in a declining Paris market. The SBF 120 is down 0.68% and the CAC 40 has lost 0.73% during the session. The geoscience specialist ranks among the top five declines in the broad index.
Today's decline continues a downward trend that began last Wednesday. Over seven days, the stock has lost 23.7%, following a 16% drop after the first-quarter earnings were announced. Despite generating a net cash flow of $26M this quarter, compared to a negative flow of $20M a year earlier, and reducing its net debt to $700M, the oil context does not favor the stock. Brent crude is at $99.41 per barrel, down 1.84% in the session and 10.4% over five days amid diplomatic rapprochement between Washington and Tehran. Viridien, which provides technology and services to oil companies, remains directly exposed to this dynamic. However, its performance over the year is still positive at 116.4%.
RSI at 35 and Price Below Lower Bollinger Band
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The price has fallen below the lower Bollinger band set at €111.90, indicating a technical oversold condition. An RSI of 35 confirms seller exhaustion following the recent downtrend. The stock is now significantly below its 50-day moving average (€130.49) but still maintains a comfortable margin above the 200-day moving average (€97.38), reflecting the underlying bullish trend. The technical support identified at €113.20 was breached during the session. On the operational front, subsidiary Sercel has secured a contract for 3,000 WiNG 3C sensors in India, and the group launched the CDI25 seismic reimaging project in Côte d'Ivoire earlier this week. The next financial event is the general assembly on June 3, 2026.
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Context
Period
Period: 1T2026
Key reported figures
Revenue: 200M$
EBITDA: 63M$
Net income: -10M$
Free cash flow: 26M$
700M$
Guidance from the release
Comme anticipé, le début d’année a été lent, dans un contexte de prudence accrue.
Contexte du marché ralenti affectant plusieurs activités.
Risks mentioned
Environnement de marché incertain avec des impacts sur les activités Sensing & Monitoring.
Retards possibles dans les attributions de projets à court terme.
Opportunities identified
Le modèle asset-light a permis une gestion financière disciplinée.
Flexibilité accrue dans le processus économique.
Croissance mid-single digit des nouvelles activités.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
