Evolve Transition Infrastructure LP (SNMP) Insider Activity Report: Who’s Selling?

Evolve Transition Infrastructure LP (AMEX:SNMP) saw an upside of 5.66% to close Friday at $1.12 after adding $0.06 on the day. The 5-day average trading volume is 10,962,520 shares of the company’s common stock. It has gained $1.3800 in the past week and touched a new high 2 times within the past 5 days. An average of 8,422,790 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,650,962.

SNMP’s 1-month performance is 5.66% or $0.0600 on its low of $0.8530 reached on 09/20/21. The company’s shares have touched a 52-week low of $0.28 and high of $1.93, with the stock’s rally to the 52-week high happening on 08/10/21. YTD, SNMP has achieved 82.32% or $0.5057 and has reached a new high 13 times. However, the current price is down -41.97%% from the 52-week high price.


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Insider Transactions

On Apr 28, 159 days have gone by since the last insider trading activity for Evolve Transition Infrastructure LP (SNMP). Willinger Gerald F (Chief Executive Officer) most recently sold 55,049 shares at $0.75 per share on Apr 28. This transaction cost the insider $41,303. Chief Executive Officer, Willinger Gerald F, sold 152,796 shares at a price of $0.76 on Apr 27. Then, on Apr 26, Chief Executive Officer Willinger Gerald F sold 129 shares at a price of $0.75 per share. This transaction amounted to $97.

Valuation Metrics

Evolve Transition Infrastructure LP (SNMP) has a trailing price-to-earnings (P/E) ratio of 14.55 for the broader industry and 18.49 for the sector, meaning that investors are optimistic about the stock’s future prospects. The company’s PE ratio for the last five years has touched a high of 0.4867 and a low of 0.0579. SNMP stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.25.

The trailing 12-month EBITDA margin is 26.43%. The firm’s gross profit as reported stood at $50.77 million against revenue of $56.99 million.

Earnings Surprise

For the quarterly period ending December 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected SNMP to announce -$0.52 per share in earnings in its latest quarter, but it posted $0.33, representing a 163.50% surprise. EBITDA for the quarter stood at more than $4.69 million. SNMP stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 484.76 million, with total debt at $441.08 million. Shareholders hold equity totaling $78.72 million

Technical Picture

Let’s look briefly at Evolve Transition Infrastructure LP (SNMP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 53.59% to suggest the stock is trending Neutral, with historical volatility in this time period at 130.90%.

The stock’s 5-day moving average is $1.1640, reflecting a +6.67% or $0.0700 change from its current price. SNMP is currently trading +3.70% above its 20-day SMA, +61.85% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -18.84% and +67.94% respectively.

Stochastic %K and %D was 48.13% and 59.74% and the average true range (ATR) pointed at 0.1446. The RSI (14) points at 52.21%, while the 14-day stochastic is at 50.66% with the period’s ATR at 0.1438. The stock’s 9-day MACD Oscillator is pointing at 0.0219 and 0.0501 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for SNMP stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SNMP as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is SNMP’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $2.00 and a high of $2.00, with their median price target at $2.00. Looking at these predictions, the average price target given by analysts is for Evolve Transition Infrastructure LP (SNMP) stock is $2.00.

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