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Evolve Transition Infrastructure LP (AMEX: SNMP) Is Up 91.67% Year-To-Date, But Analysts Find Room For A Price Rally

Evolve Transition Infrastructure LP (AMEX:SNMP) traded at $0.23 at close of the session on Monday, 01/23/23, made an upward move of 53.23% on its previous day’s price.

Looking at the stock we see that its previous close was $0.15 and the beta (5Y monthly) reads 0.07 with the day’s price range being $0.15 – $0.24. In terms of its 52-week price range, SNMP has a high of $1.25 and a low of $0.10. The company’s stock has gained about 70.37% over that past 30 days.

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Evolve Transition Infrastructure LP has a market cap of $39.94 million and is expected to release its quarterly earnings report on Mar 28, 2023 – Apr 03, 2023.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $94.5 million, with a low of $94.5 million and a high of $94.5 million.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the SNMP stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Evolve Transition Infrastructure LP (SNMP) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 63.91% off its SMA20 and 35.42% from its 50-day simple moving average. The RSI (14) is pointing at 73.32 while the volatility over the past week is 17.96% and jumps to 15.88% over the past one month. The average price target for the stock over the next 12 months is $2.00, with the estimates having a low of $2.00 and a high of $2.00. These price ends are -769.57% and -769.57% off the current price level respectively, although investors could be excited at the prospect of a -769.57% if the SNMP share price touches on the median price of $2.00.

Coming back to Evolve Transition Infrastructure LP (AMEX:SNMP), we note that the average 3-month trading volume was 334.70K, while that of the preceding 10-day period stands at 0.48 million. Current shares outstanding are 173.67 million.

The insiders hold 15.19% of the company’s shares while institutions hold 87.30%. The data shows that short shares as of Oct 13, 2022, stood at 0.8 million at a short ratio of 2.68. This represents a 0.46% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 1.38 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 91.67% up in year-to-date price movement.

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