Evolve Transition Infrastructure LP (AMEX:SNMP) price closed higher on Tuesday, September 14, jumping 1.20% above its previous close.
A look at the daily price movement shows that the last close reads $0.96, with intraday deals fluctuated between $0.95 and $1.02. The company’s 5Y monthly beta was ticking -0.28. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.93 and 52-week low of $0.26. The stock subtracted -15.65% on its value in the past month.
Evolve Transition Infrastructure LP, which has a market valuation of $54.50 million, is expected to release its quarterly earnings report Nov 15, 2021 – Nov 19, 2021. Analysts tracking SNMP have forecast the quarterly EPS to shrink by 0 per share this quarter, while the same analysts predict the annual EPS to hit $0 for the year 2021 and up to $0 for 2021.
Staying with the analyst view, there is a consensus estimate of $94.5 million for the company’s annual revenue in 2020.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give SNMP a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned SNMP a recommendation rating as follows: 0 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Evolve Transition Infrastructure LP (SNMP) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that SNMP’s price is at present -4.20% off the SMA20 and -17.82% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 43.31, with weekly volatility standing at 11.22%. The indicator jumps to 11.67% when calculated based on the past 30 days. Evolve Transition Infrastructure LP (AMEX:SNMP)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.14. Considering analysts have assigned the stock a price target range of $2.00-$2.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $2.00. Based on this estimate, we see that current price is roughly -106.19% off the estimated low and -106.19% off the forecast high. Investors will no doubt be excited to see the share price fall to $2.00, which is the median consensus price, and at that level SNMP would be -106.19% from current price.
An analysis of the Evolve Transition Infrastructure LP (AMEX:SNMP) stock in terms of its daily trading volume indicates that the 3-month average is 5.03 million.
Current records show that the company has 56.19M in outstanding shares. The insiders’ percentage holdings are 11.52% of outstanding shares while the percentage share held by institutions stands at 80.71%. But the 57.90% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.