Evolve Transition Infrastructure LP (SNMP): What Does Valuation Ratios Tell Us?

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BEPC Stock
BEPC Stock

Evolve Transition Infrastructure LP (AMEX:SNMP) saw an upside of 12.39% to $0.26 after adding $0.03 on Tuesday. The 5-day average trading volume is 949,626 shares of the company’s common stock. It has gained $0.2805 in the past week and touched a new high 4 times within the past 5 days. An average of 483,616 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 420,699.

SNMP’s 1-month performance is 70.37% or $0.1138 on its low of $0.1042 reached on 12/29/22. The company’s shares have touched a 52-week low of $0.10 and high of $1.25, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, SNMP has achieved 91.67% or $0.1338 and has reached a new high 6 times. However, the current price is down -79.32% from the 52-week high price.

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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.88.

The firm’s gross profit as reported stood at $51.48 million against revenue of $51.48 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. Net income shrunk -77.76% to -$16.01 million, while revenue of -$16.57 million was -3.5% off 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 $3.0 million. SNMP stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 462.18 million, with total debt at $426.77 million. Shareholders hold equity totaling $197.86 million.

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 23 January was 86.92% to suggest the stock is trending Overbought, with historical volatility in this time period at 202.02%.

The stock’s 5-day moving average is $0.1842, reflecting a +76.01% or $0.1096 change from its current price. SNMP is currently trading +69.31% above its 20-day SMA, -33.39% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +27.28% and SMA200 by-57.30%.

Stochastic %K and %D was 86.47% and 80.94% and the average true range (ATR) pointed at 0.0302. The RSI (14) points at 76.92%, while the 14-day stochastic is at 84.34% with the period’s ATR at 0.0269. The stock’s 9-day MACD Oscillator is pointing at 0.0441 and 0.0548 on the 14-day charts.

Analyst Ratings

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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