Does Wall Street Rate U.S. Well Services Inc. (USWS) Shares A Buy?

As of Friday close, U.S. Well Services Inc.’s (NASDAQ:USWS) stock was down -$0.04, moving down -6.23 percent to $0.61. The average number of shares traded per day over the past five days has been 1,882,860 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.2893 fall in that time frame. In the last twenty days, the average volume was 1,522,305, while in the previous 50 days, it was 6,470,602.

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Since last month, USWS stock retreated -37.09%. Shares of the company fell to $0.6100 on 05/13/22, the lowest level in the past month. A 52-week high of $5.60 was reached on 03/08/22 after having rallying from a 52-week low of $0.65. Since the beginning of this year, USWS’s stock price has dropped by -46.96% or -$0.5400, and marked a new high 9 times. However, the stock has declined by -89.11% since its 52-week high.

U.S. Well Services Inc. (USWS) last reported insider trading activity 318 days ago on Jun 30. THRC Holdings, LP, the 10% Owner of the company, purchased of 200,909 shares for $1.00 on Jun 30. It resulted in a $200,909 investment by the insider.

Financial Health

In the three months ended September 29, U.S. Well Services Inc.’s quick ratio stood at 1.00, while its current ratio was 1.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 12.00% percent. In the year ended September 29, operating margins totaled -23.20%. Based on annual data, USWS earned $29.1 million in gross profit and brought in $250.46 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -35.60%. Return on equity (ROE) for the past 12 months was 67.10%.

In U.S. Well Services Inc.’s quarter-end financial report for September 29, it reported total debt of $167.51 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. USWS’s revenue fell -23.53% to $56.48 million during the quarter, while net income inched up to $38.93 million. While analysts expected U.S. Well Services Inc. to report -$0.35 quarterly earnings, the actual figure was -$0.5 per share, beating the consensus estimate by -42.90%. During the quarter, the company generated $3.79 million in EBITDA. The liabilities of U.S. Well Services Inc. were 372.66 million at the end of its most recent quarter ended September 29, and its total debt was $364.17 million. The value of shareholders’ equity is $77.09 million.

Technical Picture

This quick technical analysis looks at U.S. Well Services Inc.’s (USWS) price momentum. With a historical volatility rate of 84.69%, the RSI 9-day stood at 18.96% on 13 May.

With respect to its five-day moving average, the current U.S. Well Services Inc. price is down by -32.17% percent or -$0.2893. At present, USWS shares trade -42.45% below its 20-day simple moving average and -53.44% percent below its 100-day simple moving average. However, the stock is currently trading approximately -61.39% below its SMA50 and -82.57% below its SMA200.

Stochastic coefficient K was 4.08% and Stochastic coefficient D was 4.35%, while ATR was 0.0860. Given the Stochastic reading of 0.00% for the 14-day period, the RSI (14) reading has been calculated as 26.76%. As of today, the MACD Oscillator reading stands at -0.1301, while the 14-day reading stands at -0.1542.

Analyst Ratings

U.S. Well Services Inc. downgraded its rating on U.S. Well Services Inc. (NASDAQ: USWS) to a Neutral in a note to investors on May 15, 2020. The analysts firm previously had an Overweight rating on the stock.U.S. Well Services Inc. (USWS) has been rated Hold by analysts. According to 0 brokerage firms, USWS is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate U.S. Well Services Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $2.35, the current consensus forecast for the stock is $1.00 – $3.70. Based on these forecasts, analysts predict U.S. Well Services Inc. (USWS) will achieve an average price target of $2.35.


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