Evolve Transition Infrastructure LP (AMEX:SNMP) finished Wednesday with an addition of $1.36 to close at $6.10, an upside of 28.69 percent. An average of 489,740 shares of common stock have been traded in the last five days. There was a fall of -$2.17 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 387,751 shares traded, while the 50-day average volume stands at 156,215.
SNMP stock has increased by 899.18% in the last month. The company shares reached their 1-month lowest point of $0.14 on 07/18/23. With the stock rallying to its 52-week high on 02/17/23, shares of the company touched a low of $0.14 and a high of $15.30 in 52 weeks. It has reached a new high 8 times so far this year and achieved 69.44% or -$101.90 in price. In spite of this, the price is down -60.13% from the 52-week high.
Valuation Metrics
Evolve Transition Infrastructure LP (SNMP) stock’s beta is 1.49. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.72.
Financial Health
Evolve Transition Infrastructure LP’s EBITDA margin for the year ending December 30 is 55.80%. Its gross profit as reported stood at $36.11 million compared to revenue of $36.11 million.
Earnings Surprise
For the three-month period that ended December 30, Evolve Transition Infrastructure LP had $16.93 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$22.22 million in the quarter, while revenues were grew 56.21%. 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 $23000.0. Shareholders own equity worth $231.03 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 09 August was 57.09%, suggesting the stock is Neutral, with historical volatility in this time frame at 1,369.25%.
As of today, SNMP’s price is $5.57 -26.24% or -$2.17 from its 5-day moving average. SNMP is currently trading +784.06% higher than its 20-day SMA and -96.42% lower than its 100-day SMA. However, the stock’s current price level is -90.30% below the SMA50 and -97.39% below the SMA200.
The stochastic %K and %D were 39.03% and 39.09%, respectively, and the average true range (ATR) was 2.31. With the 14-day stochastic at 42.72% and the average true range at 2.52, the RSI (14) stands at 47.30%. The stock has reached -0.49 on the 9-day MACD Oscillator while the 14-day reading was at 1.51.
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 $60.00 and $60.00, with a median target of $60.00. Taking a look at these predictions, the average price target given by analysts for Evolve Transition Infrastructure LP (SNMP) stock is $60.00.
