The stock of Target Hospitality Corp. (NASDAQ:TH) increased by $0.33 on Friday to finish at $13.94, up 2.42 percent. The last five days have seen an average of 697,060 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$1.20. The average number of shares traded over the last 20 days was 451,140, while the average volume over the last 50 days totaled 532,496.
TH stock appreciated 7.73% since last month. On 07/19/23, the company’s shares reached a one-month low of $12.05. The stock touched a high of $18.48 on 01/12/23, after rallying from a low of $10.40 in 52 weeks. The price of TH stock has declined by -7.93% or -$1.20 this year, reaching a new high 6 times. Still, the stock price is down -24.57% from the 52-week high.
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Insider Transactions
TH stock investors should be aware that Target Hospitality Corp. (TH) stock had its last reported insider trading activity 63 days ago on Jun 12. On Jun 12, EVP and CFO Kalamaras Eric sold 7,970 shares at $16.56 each. This transaction resulted in the insider making $131,983. On Jun 09, Kalamaras Eric sold 47,195 shares at a price of US$16.54. After the transaction, the insider now owns 33,939 shares. Chief Accounting Officer Vlacich Jason Paul had earlier sold 48,000 shares on Mar 20 for $16.62 a share. The transaction was completed for $797,520.
Valuation Metrics
Target Hospitality Corp. (TH) has a trailing price-to-earnings (P/E) ratio of 12.30. Beta for the stock is 2.13. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.42, the price-to-book (PB) ratio of 4.87, and the price-to-cash flow ratio of 6.12.
Financial Health
For the recent quarter, Target Hospitality Corp.’s quick ratio was 0.40, while its current ratio was 0.40, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 52.90% percent. Target Hospitality Corp.’s EBITDA margin for the recent year was 50.70%, whereas its operating margin stood at 43.70% for the same period. Based on annual data, it had gross profit of $247.13 million and revenue of $501.99 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TH’s return on assets (ROA) during the last 12 months has been 20.00%. There was a 26.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 64.10%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $143.63 million, while revenues rose by 23.66% to $147.82 million. EBITDA was $87.37 million for the quarter. At the end of Target Hospitality Corp.’s most recent quarter, its liabilities totaled 375.64 million, while its total debt was $228.55 million. Equity owned by shareholders amounts to $101.6 million.
Technical Picture
Here’s a quick look at Target Hospitality Corp.’s (TH) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 60.94%, suggesting the stock is Neutral, with a 79.59% historical volatility rate.
The stochastic %K and %D were 75.69% and 69.94% respectively, while the average true range (ATR) was 0.61. Based on the 14-day stochastic reading of 73.85%, the RSI (14) reading is 57.66%. On the 9-day MACD Oscillator, the stock is at 0.77, and the 14-day reading is at 0.94.
Analyst Ratings
In its most recent analyst report, Oppenheimer raised its rating on Target Hospitality Corp. (NASDAQ: TH) to an Outperform. Prior to this, analysts firm rated the stock as a Perform. Analysts have assigned Target Hospitality Corp. (TH) an Buy rating. TH is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is TH’s price target for the next 12 months?
The current consensus forecast for the stock is between $17.00 and $23.00, with a median target price of $19.00. In analyzing these forecasts, the average price target given by analysts for Target Hospitality Corp. (TH) is $19.67.
