Target Hospitality Corp. (NASDAQ:TH) saw an upside of 14.69% to $14.49 after adding $1.86 on Wednesday. The 5-day average trading volume is 453,257 shares of the company’s common stock. It has gained $14.49 in the past week and touched a new high 4 times within the past 5 days. An average of 394,884 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 517,528.
TH’s 1-month performance is 10.83% or $1.70 on its low of $12.05 reached on 07/19/23. The company’s shares have touched a 52-week low of $10.40 and high of $18.48, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, TH has lost -4.32% or -$0.65 and has reached a new high 6 times. However, the current price is down -21.61% from the 52-week high price.
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Insider Transactions
TH stock investors last saw insider trading activity on Jun 12.Kalamaras Eric (EVP and CFO) most recently sold 7,970 shares at $16.56 per share on Jun 12. This transaction cost the insider $131,983. EVP and CFO, Kalamaras Eric, sold 47,195 shares at a price of $16.54 on Jun 09. Then, on Mar 20, Chief Accounting Officer Vlacich Jason Paul sold 48,000 shares at a price of $16.62 per share. This transaction amounted to $797,520.
Valuation Metrics
TH stock has a beta of 2.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.56 while the price-to-book (PB) in the most recent quarter is 6.04, with the price to cash flow ratio at 7.73.
Target Hospitality Corp.’s quick ratio for the period ended March 30 was 0.30, with the current ratio over the same period at 0.30. In terms of profitability, the gross margin trailing 12 months is 52.90%. The trailing 12-month EBITDA margin is 50.70% while for the period ending March 30, Target Hospitality Corp.’s operating margin was 38.90%. The firm’s gross profit as reported stood at $247.13 million against revenue of $501.99 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 98.88% to $43.83 million, while revenue of $31.57 million was 27.97% off the previous quarter. Analysts expected TH to announce $0.39 per share in earnings in its latest quarter, but it posted $0.38, representing a -2.60% surprise. EBITDA for the quarter stood at more than $84.64 million. TH stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 408.01 million, with total debt at $229.92 million. Shareholders hold equity totaling $101.37 million.
Let’s look briefly at Target Hospitality Corp. (TH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 72.11% to suggest the stock is trending Overbought, with historical volatility in this time period at 73.49%.
The stock’s 5-day moving average is $13.21, reflecting a +12.85% or $1.65 change from its current price. TH is currently trading +11.03% above its 20-day SMA, -14.41% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +0.28% and SMA200 by+25.13%.
Stochastic %K and %D was 74.45% and 70.91% and the average true range (ATR) pointed at 0.59. The RSI (14) points at 65.04%, while the 14-day stochastic is at 100.00% with the period’s ATR at 0.55. The stock’s 9-day MACD Oscillator is pointing at 0.44 and 0.52 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Target Hospitality Corp. (NASDAQ: TH), Oppenheimer upgraded it to an Outperform rating. They previously had a Perform rating on the stock.
