Mammoth Energy Services Inc (NASDAQ: TUSK) Has Been Trading Down. What Are The Prospects For The Future?

Mammoth Energy Services Inc (NASDAQ:TUSK) traded at $4.38 at last check on Tuesday, July 23, made an upward move of 25.18% on its previous day’s price.

Looking at the stock we see that its previous close was $3.50. In terms of its 52-week price range, TUSK has a high of $5.75 and a low of $2.50. The company’s stock has gained about 33.98% over that past 30 days.

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Mammoth Energy Services Inc has a market cap of $210.87 million.

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 Mammoth Energy Services Inc (TUSK) 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 36.53% off its SMA20 and 28.61% from its 50-day simple moving average. The RSI (14) is pointing at 75.52 while the volatility over the past week is 4.64% and jumps to 6.11% over the past one month. The beta value is 1.76, while the average true range (ATR) is currently pointing at 0.27. The average price target for the stock over the next 12 months is $7, with the estimates having a low of $7 and a high of $7. These price ends are -59.82% and -59.82% off the today’s price level respectively, although investors could be excited at the prospect of a -59.82% if the TUSK share price touches on the median price of $7.

Coming back to Mammoth Energy Services Inc (NASDAQ:TUSK), we note that the average 3-month trading volume was 59.01K, while that of the preceding 10-day period stands at 86410.0. Current shares outstanding are 47.94 million.

The insiders hold 4.44% of the company’s shares while institutions hold 78.26%. The data shows that short shares as of 2024-06-28, stood at 0.21 million at a short ratio of 4.23. This represents a 0.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.86999999999999990.8699999999999999 short interest in shares outstanding on 2024-06-28. Shares short fall in June from the previous month at 0.26 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -1.77% down in year-to-date price movement.

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