As of Friday close, Target Hospitality Corp.’s (NASDAQ:TH) stock was up $0.68, moving up 4.62 percent to $15.41. The average number of shares traded per day over the past five days has been 513,080 shares. 3 times new highs have been achieved over the past 5 days, with a $1.47 gain in that time frame. In the last twenty days, the average volume was 450,900, while in the previous 50 days, it was 533,476.
Since last month, TH stock rose 17.19%. Shares of the company fell to $12.05 on 07/19/23, the lowest level in the past month. A 52-week high of $18.48 was reached on 01/12/23 after having rallying from a 52-week low of $10.40. Since the beginning of this year, TH’s stock price has risen by 1.78% or $0.27, and marked a new high 6 times. However, the stock has declined by -16.61% since its 52-week high.
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TH stock investors should be aware that Target Hospitality Corp. (TH) stock had its last reported insider trading activity 68 days ago on Jun 12. Kalamaras Eric, the EVP and CFO of the company, disposed of 7,970 shares for $16.56 on Jun 12. It resulted in a $131,983 divestment by the insider. Kalamaras Eric sold 47,195 shares at an average price of $16.54 on Jun 09. The insider now owns 33,939 shares following the transaction. On Mar 20, Chief Accounting Officer Vlacich Jason Paul sold 48,000 shares at $16.62 apiece. The transaction was valued at $797,520.
Valuation Metrics
Right now, Target Hospitality Corp. (TH) has a P/E ratio of about 13.60. The stock’s beta is 2.07. Besides these, the trailing price-to-sales (P/S) ratio of 2.68, the price-to-book (PB) ratio of 5.39, and the price-to-cash flow ratio of 6.77 may also be considered.
Financial Health
In the three months ended June 29, Target Hospitality Corp.’s quick ratio stood at 0.40, while its current ratio was 0.40, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 52.90% percent. In the year ended June 29, EBITDA margin amounted to 50.70%, whereas operating margins totaled 43.70%. Based on annual data, TH earned $247.13 million in gross profit and brought in $501.99 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 26.70%. Return on equity (ROE) for the past 12 months was 64.10%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TH’s revenue rose 23.66% to $147.82 million during the quarter, while net income inched up to $143.63 million. While analysts expected Target Hospitality Corp. to report $0.37 quarterly earnings, the actual figure was $0.44 per share, beating the consensus estimate by 18.90%. During the quarter, the company generated $87.37 million in EBITDA. The liabilities of Target Hospitality Corp. were 375.64 million at the end of its most recent quarter ended June 29, and its total debt was $228.55 million. The value of shareholders’ equity is $101.6 million.
Technical Picture
This quick technical analysis looks at Target Hospitality Corp.’s (TH) price momentum. With a historical volatility rate of 81.88%, the RSI 9-day stood at 73.78% on 18 August.
With respect to its five-day moving average, the current Target Hospitality Corp. price is up by +10.55% percent or $1.47. At present, TH shares trade +17.86% above its 20-day simple moving average and -1.60% percent below its 100-day simple moving average. However, the stock is currently trading approximately +6.13% above its SMA50 and +26.62% above its SMA200.
Stochastic coefficient K was 90.21% and Stochastic coefficient D was 87.22%, while ATR was 0.63. Given the Stochastic reading of 97.16% for the 14-day period, the RSI (14) reading has been calculated as 68.06%. As of today, the MACD Oscillator reading stands at 0.61, while the 14-day reading stands at 1.07.
Analyst Ratings
Oppenheimer upgraded its rating on Target Hospitality Corp. (NASDAQ: TH) to an Outperform in a note to investors on June 23, 2021. The analysts firm previously had a Perform rating on the stock.Target Hospitality Corp. (TH) has been rated Buy by analysts. According to 0 brokerage firms, TH is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Target Hospitality Corp. stock as buy, with 3 recommending it as overweight.
With a median target price of $19.00, the current consensus forecast for the stock is $17.00 – $23.00. Based on these forecasts, analysts predict Target Hospitality Corp. (TH) will achieve an average price target of $19.67.
