Analysts Issue Research Notes On Evolve Transition Infrastructure LP (SNMP)

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Evolve Transition Infrastructure LP (AMEX:SNMP) traded with a subtraction of -$0.01 to close at $0.12 on Friday, a downside of -7.69 percent. An average of 386,442 shares of common stock have been traded in the last five days. There was a fall of -$0.0299 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 416,631 shares traded, while the 50-day average volume stands at 341,914.

SNMP stock has decreased by -20.73% in the last month. The company shares reached their 1-month lowest point of $0.1042 on 12/29/22. With the stock rallying to its 52-week high on 03/08/22, shares of the company touched a low of $0.10 and a high of $1.25 in 52 weeks. It has reached a new high 6 times so far this year and lost -77.92% or -$0.4688 in price. In spite of this, the price is down -90.40% from the 52-week high.


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Financial Health

Its gross profit as reported stood at $51.48 million compared to revenue of $51.48 million.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$16.01 million in the quarter, while revenues of -$16.57 million were shrunk -77.76%. The analyst consensus anticipated Evolve Transition Infrastructure LP’s latest quarter earnings to come in at -$0.52 per share, but it turned out to be $0.33, a 163.50% surprise. For the quarter, EBITDA amounted to $3.0 million. Shareholders own equity worth $197.86 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Evolve Transition Infrastructure LP (SNMP) price momentum. RSI 9-day as of the close on 29 December was 24.63%, suggesting the stock is oversold, with historical volatility in this time frame at 130.93%.

As of today, SNMP’s price is $0.1320 -19.95% or -$0.0299 from its 5-day moving average. SNMP is currently trading -25.00% lower than its 20-day SMA and -70.73% lower than its 100-day SMA. However, the stock’s current price level is -57.05% below the SMA50 and -78.57% below the SMA200.

The stochastic %K and %D were 16.70% and 16.24%, respectively, and the average true range (ATR) was 0.0219. With the 14-day stochastic at 16.49% and the average true range at 0.0226, the RSI (14) stands at 29.09%. The stock has reached -0.0138 on the 9-day MACD Oscillator while the 14-day reading was at -0.0326.

Analyst Ratings

The consensus rating for Evolve Transition Infrastructure LP (SNMP) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SNMP, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

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

Analysts predict a range of price targets between $2.00 and $2.00, with a median target of $2.00. Taking a look at these predictions, the average price target given by analysts for Evolve Transition Infrastructure LP (SNMP) stock is $2.00.

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