Target Hospitality Corp. (NASDAQ:TH) shares, rose in value on Wednesday, Apr 07, with the stock price up by 12.69% to the previous day’s close as strong demand from buyers drove the stock to $3.64.
Actively observing the price movement in the last trading, the stock closed the session at $3.23, falling within a range of $3.2000 and $4.2000. The value of beta (5-year monthly) was 0 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $4.29, and the low was $0.82. On the whole, TH has fluctuated by 106.82% over the past month.
With the market capitalization of Target Hospitality Corp. currently standing at about $425.88 Million, investors are eagerly awaiting this quarter’s results, scheduled for May 26, 2021- Jun 01, 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.08, which is expected to increase to -$0.29 for fiscal year 2021 and then to about $0.06 by fiscal year 2022. Data indicates that the EPS growth is expected to be -0.62% in 2021, while the next year’s EPS growth is forecast to be -1.55%.
Analysts have estimated the company’s revenue for the quarter at $42.43 Million, with a low estimate of $40.3 Million and a high estimate of $46.4 Million. According to the average forecast, sales growth in current quarter could fell down -40.8%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2021, the company’s y-o-y revenues would reach $236.87 Million, representing an increase of 5.2% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 2 upward and no downward review(s) in last seven days. We see that TH’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
3 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 3 analyst(s), no one recommend it as a Buy and no body called the TH stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TH currently trading nearly 73.42% and 85.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 76.91, while the 7-day volatility ratio is showing 29.32% which for the 30-day chart, stands at 16.28%. Furthermore, Target Hospitality Corp. (TH)’s beta value is 0, and its average true range (ATR) is 0.4. The company’s stock has been forecasted to trade at an average price of $2.75 over the course of the next 52 weeks, with a low of $2.5 and a high of $3. Based on these price targets, the low is -31.32 off current price, whereas the price has to move -17.58% to reach the yearly target high. Additionally, analysts’ median price of $2.75 is likely to be welcomed by investors because it represents an increase of -24.45% from the current levels.
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A comparison of Target Hospitality Corp. (TH) with its peers suggests the former has fared considerably weaker in the market. TH showed an intraday change of +12.69% in last session, and over the past year, it grew by +110.4%. In comparison, Carnival Corp (CCL) has moved higher at +1.4% on the day and was up +184.04% over the past 12 months. On the other hand, the price of Trip.com Group Ltd (TCOM) has fallen -3.41% on the day. The stock, however, is off 65.5% from where it was a year ago. Additionally, there is a gain of 1269% for Royal Caribbean Cruises Ltd (RCL) in last trading while the stock has seen an overall apprecation of 110.4% over the past year. The PE ratio stands at 0 for Target Hospitality Corp., compared to 0 for Carnival Corp, and 0 for Trip.com Group Ltd. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.15%. Meanwhile, the Dow Jones Industrial improved by 0.05%.
Data on historical trading for Target Hospitality Corp. (NASDAQ:TH) indicates that the trading volumes over the past 10 days have averaged 1.09 Million and over the past 3 months, they’ve averaged 314.96 Million. According to company’s latest data on outstanding shares, there are 101.24 Million shares outstanding.
Nearly 6.38% of Target Hospitality Corp.’s shares belong to company insiders and institutional investors own 83.68% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 1.81 Million shares as on March 14, 2021, resulting in a short ratio of 5.39. According to the data, the short interest in Target Hospitality Corp. (TH) stood at 1.79% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 1.65 Million. The stock has risen by +130.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TH stock heading into the next quarter.