Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical does not pass the values gate
Price1.68 USD
Ethical score70.0/100
Our investment reviews on this name
2026-10-02Read Markdown3.14-46.5% to today ✓Distribution gives way to Markdown after a 30% slide in 5 weeks
2026-08-27Read Distribution4.48-62.5% to today ✓Markup gives way to Distribution
2026-07-02Read Markup4.63-63.7% to today First review on file: Markup
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Dawson Geophysical Company holds its Markdown at $1.68. Consolidating, no directional conviction, held for 34 days.
As held on the ledger · 2026-11-04
Phase
Markdown · caution
Quantitative state
Consolidating, no directional conviction, held for 34 days
Price at the screen
$1.68
Valuation
19.63 trailing · -8.96 forward price to earnings
Values screen
FAIL· score 70.0
Beta
-0.07
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
36.89%
Below 33%
Interest-bearing debt is 36.9% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.66%
Below 33%
Cash held in interest-bearing accounts and securities is 0.7% of assets, under the one-third limit.
Pass
Receivables
25.52%
Below 49%
Money owed to the company is 25.5% of assets, under the 49% limit.
Pass
Revenue purity
0.15%
Below 5%
Only 0.2% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
Dawson Geophysical's business is in a permissible area, but its interest-bearing debt is about 37% of the company, just over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-11-05. It updates when the underlying figures move, and past reads are kept below.
Follow this verdict
Get an email when DWSN's ethical verdict changes
Today DWSN does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
DWSN trades on NASDAQ. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-29Markdown$2.03-18.8%Entry 8
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 18.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading oversold. Over the past year the shares are up 252%. Our forward projection puts the odds of a 10% gain over the next month near 38%.
2026-10-16Markdown$2.50-20.4%Entry 7
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 20.4% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 79% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 252%. Our forward projection puts the odds of a 10% gain over the next month near 38%.
2026-10-02Markdown · changed$3.14-29.9%Entry 6
The framework has shifted from distribution to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 29.9% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 79% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 252%. Our forward projection puts the odds of a 10% gain over the next month near 38%.
2026-08-27Distribution · changed$4.48+0.0%Entry 5
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 79% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 252%. Our forward projection puts the odds of a 10% gain over the next month near 38%.
2026-07-27Markup$4.48-3.2%Entry 4
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 3.2% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 79% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 252%. Our forward projection puts the odds of a 10% gain over the next month near 38%.
2026-07-18Markup$4.63+0.0%Entry 3
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 79% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 252%. Our forward projection puts the odds of a 10% gain over the next month near 38%.
2026-07-03Markup$4.63+0.0%Entry 2
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Markup$4.63Entry 1
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.