Enservco Corporation (NYSE:ENSV) traded at $0.17 at last check on Tuesday, Jun 30, making a downturn move of -5.69% on its previous day’s price.
Looking at the stock we see that its previous close was $0.1829 and the beta (5Y monthly) reads 2.36 with the day’s price range being $0.1710 – 0.1800. In terms of its 52-week price range, ENSV has a high of $0.5 and a low of $0.075. The company’s stock has gained about 12.89% over that past 30 days.
On the other hand, looking at the outlook for the ENSV stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 2 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Enservco Corporation (ENSV) stock as a Hold, while 1 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Let’s briefly compare Enservco (ENSV) stock to its peers. We find that today’s price change of -5.69% and -56.33% over the past 12 months for ENSV competes that of Linde Plc (LIN), which has seen its stock price rise 0.39% in the latest trading session and is +4.49% over the last one year. Another of its peers Schlumberger N.V. (SLB) has climbed 2.11% today, but is -53.23% down over the past year, while Baker Hughes A Ge Co. Cl A (BKR) is also down -5.69% yet its price remains in the red at -56.33% over the same period. Linde has a P/E ratio of 49.54 compared to Enservco’s 0 and Schlumberger’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.85% and 1.54%, respectively, in early deals.
Coming back to Enservco Corporation (NYSE:ENSV), we note that the average 3-month trading volume was 8.51 Million, while that of the preceding 10-day period stands at 6.28 Million. Current shares outstanding are 55.61 Million.
According to data from Thomson Reuters, insiders hold 16.19% of the company’s shares while institutions hold 33.02%. The data shows that short shares as of June 14, 2020, stood at 3.87 Million at a short ratio of 0.5. This represents a 6.96% Short interest in Shares outstanding on June 14, 2020. Shares short rose in June from the previous month at 3.57 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -7.35% down in year-to-date price movement.